Italian luxury brand Valentino reported 1.31 billion euros ($1.42 billion) in revenue for 2024, marking a 2% YoY decline at constant exchange rates and a 3% drop at current rates. EBITDA fell 22% to 246 million euros ($267 million), partly due to non-recurring expenses. Despite the overall dip, retail channels — including e-commerce — grew by 5% and accounted for 70% of total revenue. CEO Jacopo Venturini highlighted the positive market reception of new creative director Alessandro Michele’s debut collections, launched at the end of the year. The brand's beauty and fragrance segment saw a strong 51% increase. Regionally, Japan, the Middle East, and the Americas performed well, while Europe and Asia faced headwinds in the latter half of the year.