Photo by Michael Muraz
According to corporate documents reviewed by Reuters, the company’s owners have already provided the brand with 100 million euros in capital in 2025 and confirmed their willingness to provide further financial support in 2026. Previously, shareholders also agreed to the possibility of additional investments of up to 150 million euros as part of a review of the terms of bank financing, including easing creditors’ requirements regarding the company’s financial metrics.
The controlling stake in Valentino (70%) is held by the Qatar-backed investment group Mayhoola. The remaining 30% is held by the French luxury group Kering, which retains the right to increase its stake to 100% by 2029.
Valentino’s financial results reflect the challenging situation in the global luxury goods market. At the end of 2025, the company’s revenue fell by 15% to 1.12 billion euros. A decline in sales was recorded in all regions where the company operates, most notably in Japan and the Asia-Pacific region.
The business’s profitability deteriorated significantly. While Valentino posted an operating profit of 31 million euros in 2024, the company recorded an operating loss of 103 million euros for 2025.
At the same time, the debt burden increased. The group’s net debt under IFRS 16 reached 1.13 billion euros, compared to 1.08 billion euros a year earlier. Excluding lease liabilities, the figure rose from 377 million to 472 million euros.
Perfumes and jewelry remain the most stable business segments. At the same time, sales of leather accessories and footwear declined. The share of women’s apparel in total revenue fell from 25% to 24% due to weaker sales at company-operated stores.
Valentino continues to implement its brand renewal strategy following the appointment of Alessandro Michele as creative director in 2024. The company announced its intention to continue controlling costs, improving the efficiency of its operational processes, and maintaining the brand’s long-term value amid the ongoing weakness of the global luxury goods market.
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