Valentino opened its new 20,000 square foot flagship in New York. The stores was designed by David Chipperfield, and is at 2,600 and 3,000 dollars per square foot. The store is on the site of the former Takashimaya department store. 693 Fifth Avenue, it exclusively houses the Valentino Garavani accessories line including the new Camubutterfly pieces and Zodiac finger clutches, plus a made-to-measure denim programme.
The new store central atrium with 27 foot ceilings will be its accessories of handbags, shoes and belts that also features
steel and glass spanning three floors. The US is said to be the most vita market to the brands it accounts for over 20% of the brand sales. Valentino Brands has close to 120 stores worldwide including , including 12 in the US, with two other US locations are planned for this year Aspen (Colorado) and Miami’s Design District. The brand has seen close to a 25% growth since it was acquire by the royal family of Qatar in 2012 and is currently worth 1.50 billion USD (2014).
Valentino Clemente Ludovico Garavani was born in Voghera, Italy is best known as Valentino, is an Italian fashion designer and founder of the Valentino SpA brand and company. His main lines include Valentino, Valentino Garavani, Valentino Roma and R.E.D. Valentino.
The designer become infamous in the 60's for his gowns being worn by iconic figures that included Princess Margaret, Jacqueline Kennedy Onassis and Audrey Hepburn.
1960: On July 31, 1960, Valentino met Giancarlo Giammetti at the Café de Paris on the Via Veneto in Rome.
1962: Valentino's international debut took place in 1962 in Florence, the Italian fashion capital of the time.
1964: At some point in 1964, Jacqueline Kennedy had seen Gloria Schiff, the twin sister of the Rome-based fashion editor of American Vogue and Valentino's friend Consuelo Crespi, wearing a two-piece ensemble in black organza at a gathering.
1998: In 1998 Valentino and his partner Giancarlo Giammetti sold the company for approximately US$300 million to HdP, an Italian conglomerate controlled, in part, by the late Gianni Agnelli, the head of Fiat.
2002: In 2002, Valentino S.p.A., with revenues of more than $180 million, was sold by HdP to Marzotto Apparel, a Milan-based textile giant, for $210 million.
2008: His last haute couture show was presented in Paris at the Musée Rodin on January 23, 2008.
2012: In 2012–2013 a major new exhibition opened at Somerset House in London celebrating the life and work of Valentino, showcasing over 130 exquisite haute couture designs.