Marzotto news and archive

Sales of Hugo Boss and Valentino prompt tax enquiry

The sale of Hugo Boss and Valentino has prompted a tax enquiry leading to the seizure of 65 million euros of assets. This week Italy’s tax police stated they had confiscated real estate, land and corporate holdings of 13 people linked to the Marzotto Group, one of Italy’s leading fashion and textile houses. The 13 people in question included...

Fashion

New Valentino Spin-off

The Italian fashion house Valentino is to be spun-off into a separate new entity called Valentino Fashion Group SpA. Parent company Marzotto SpA announced the change last week. It plans on spinning off its fashion brands, which include Marlboro Classics, a stake in Hugo Boss AG and Valentino into a new company. Shareholders in Marzotto will...

Fashion

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 â‚¬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...

Fashion

Valentino supports Marzotto

This week Italian fashion and textile group Marzotto reported that its sales rose 3.4% year on year in the first quarter, helped by adding designer label Valentino to its rack. Marzotto said first-quarter turnover totalles EUR544m, 86% of which were generated by its clothing unit, which includes German ready-t--wear label Hugo Boss. Marzotto...