Valentino's Profits Dropped 22% in 2024

On Friday morning, Valentino shared its financial results for the full year 2024, revealing that its profits dropped a sizeable 22% to €246 million EUR in the 12 months as the company struggled to buoy itself amid a slowdown in luxury shopping, especially in Asia.Valentino's revenues declined 3% (or 2% at constant exchange rates) to €1.31 billion EUR in what the label called a "challenging and complex landscape." Notably, the company's online sales were up 5% and comprised 70% of revenues ac...