Marzotto to double sales in five years

Marzotto , the Italian company behind the Valentino and Hugo Boss brands, plans to double sales in five years at the latest. In 2003 Marzotto Spa.reached sales of €1.7 billion.

The most important factor in its growth is China. The Italians plan to sell all of the brands they make in China. Marzotto will focus on new markets by organic growth and less on acquisitions.

Chairman Antonio Favrin, says he believes that in near future there will only be a market for six big fashion groups at the most, and intends his company to be one of them.

In the first nine months of this year Marzotto turnover grew 1.5 per cent to €1.4 billion. Pre tax profit was up almost 20 per cent to €149.4 million.