Valentino Names CEO South East Asia, Australia – WWD

MILAN – Valentino has tapped Alessandra Andreani as its new chief govt officer for South East Asia and Australia.

Andreani might be based mostly in Singapore, reporting to Marco Giacometti, the corporate’s chief business officer, and he or she is tasked with reinforcing Valentino’s presence within the area with a foremost give attention to Singapore, Malaysia, Australia and Thailand. In a brand new function, she succeeds Mika Bailey, who was common supervisor, South East Asia and Australia.

Andreani is not any stranger to the world and the style and luxurious trade, having labored for Prada, Marc Jacobs and Loewe. For the latter, she coated the function of CEO Japan after which managing director for China.

In Australia, Valentino has two foremost straight operated shops, in Westfield and Chadstone, along with 4 corners at David Jones. There are two shops in Singapore, one in Malaysia’s Kuala Lumpur and one in Thailand’s Bangkok. The latter was once franchised however is now straight managed. Subsequent in line is a brand new Valentino flagship slated to open in Sidney within the first half of 2022.

This appointment is the final in a string of recent executives chosen by CEO Jacopo Venturini, who took on his function final 12 months. Amongst others, Mitchell Bacha was named chief govt officer for Higher China in April and, in September final 12 months, Laurent Bergamo was employed as CEO, Americas. Giacometti additionally arrived on the firm final 12 months from Fendi. Chief shopper and digital acquisition officer Enzo Quarenghi joined in January.

As reported, Valentino revenues elevated 64 p.c within the first half of 2021 to 574 million euros, in contrast with 362 million euros in the identical interval final 12 months, and nearly flat in contrast with 2019.

The expansion within the first half was pushed by on-line gross sales, the Center East, U.S. and Higher China areas.

Retail and wholesale gross sales account for 55 and 45 p.c of complete Valentino revenues, respectively. | Valentino Names CEO South East Asia, Australia – WWD


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