Valentino: CEO Jacopo Venturini to reportedly step down
Valentino's revenue was relatively stable compared to the previous year, totalling 1.31 billion euros in 2024, down 2 percent at constant exchange rates and 3 percent at current exchange rates, year-over-year. In 2023, the company closed at 1.35 billion euros.
'We made significant progress in 2024, continuing to cultivate our maison's promise to enchant, surprise and inspire our customers in equal measure and in line with the brand's values since its foundation, from unparalleled attention to detail to dedication to excellence. Our work took a decisive step forward with the arrival of Alessandro Michele as the new creative director,' underlined Venturini in a statement last April. This article was translated to English using an AI tool.
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Daily Mirror
6 hours ago
- Daily Mirror
Beautiful seaside town named one of UK's cheapest coastal gems with £194k homes
A stunning seaside town that has turned its reputation around and is experiencing a 'second wind' of tourism has been crowned the cheapest coastal resort in England Moving to the coast doesn't have to cost a fortune, especially in this charming seaside town. Demand for coastal properties has spiked by a staggering 115 per cent compared to pre-pandemic levels, with swathes of Brits ready to ditch the city for a more laid-back life filled with golden sands and fish and chips. However, the sudden demand combined with limited availability has led to house prices skyrocketing in certain areas. Take Sandbanks, for example - a stunning neighbourhood in Poole, Dorset with crystal-clear waters, golden beaches, that's become somewhat of an A-list magnet in recent years. Here, average house properties cost a whopping £965,708 - more than triple the national average. If the near-million price tag is slightly out of budget, don't worry - as the Co-Operative Bank has analysed recent data to find the most affordable UK coastal towns for both buying and renting. In England, Morecambe came out top, with average house prices at just £194,295. "This Lancashire gem captures the essence of the English seaside, offering panoramic views over the seafront – as well as some of the most affordable house prices in the country," the bank said. "The average house price here is actually lower than in Oban at £194,295, working out as 7.44 times the average annual income. "However, rent prices in Morecambe are slightly higher, at an average of £821 per month. That's 37.7 per cent of the average monthly income." Top 20 seaside locations in UK - full list Oban Morecambe Blackpool Troon Filey Scarborough Whitby Southport Sunbar Swansea Portsmouth Torquay Eastbourne Weymouth Hastings Ramsgate Deal Aberystwyth Margate Newquay Boasting five miles of soft golden sand and an award-winning seafront promenade that looks out onto the stunning Lakeland Fells, Morecambe was once branded one of the worst seaside towns in the country. Now, it hopes to take on the hyped-up coastal resorts of Cornwall and bring its glory days back. "Morecambe offers you the chance to enjoy the many pleasures of the seaside, whether it's flying kites, building sandcastles or enjoying the views across the bay," Hails Visit Lancashire. "Stroll along Morecambe's promenade with an ice cream or have fun seeing it on two wheels, before grabbing a picnic and heading on down to the beach for a spot of sandcastle making or kite flying." Must-see attractions include the TERN project, which features a series of sculptures situated along Morecambe's seafront - from steel cormorants, gannets and razorbills to the statue of Eric Morecambe, which was unveiled by the late Queen in 1999. The Art Deco Midland Hotel has also undergone restoration in recent years - making it one of the town's most impressive structures. Featuring four modern 30s-inspired rooms, six rooftop suites, a top-notch restaurant and ultra-stylish bar, Midland is a great base for exploring Morecambe, or for splurging out on a fancy afternoon tea while soaking in the views. Prices start from £145 per night.
South Wales Argus
14 hours ago
- South Wales Argus
Els launches new Portuguese golf club alongside Montgomerie and Duval
The four-time major champion played a nine-hole exhibition to open the Els Club Vilamoura with Scottish legend Colin Montgomerie and 2001 Open Champion David Duval. Els Club Vilamoura, is a championship-standard 18-hole golf course, designed by Els, that features a luxury clubhouse and signature amenities such as the 261 Bar, and was built on the previous Victoria course, which hosted the Portugal Masters from 2007 to 2022. Els, who won the US Open in 1994 and 1997 and two Open crowns in 2002 and 2012, invited Montgomerie and Duval to play the course, as well as Portuguese Champions League winner Luis Figo and former England striker Peter Crouch. Els Club, Vilamoura has been built in partnership with English investment fund Arrow Global and management company DETAILS and is the first private-members club in the Algarve (Image: Portugal Invitational) Els said of his new club: 'I've been coming to Vilamoura for many years, I've spent many summers with my family here and we just love Portugal. 'Golf is in a pretty sweet spot at the moment and [creating this course] has been a really nice venture. 'We want the conditions to be absolutely perfect and for people to have a great experience and good food.' Els Club, Vilamoura has been built in partnership with English investment fund Arrow Global and management company DETAILS and is the first private-members club in the Algarve. Membership is extended only to those proposed by founder members or those invited by the club. During a press conference on the morning of the Els Club launch, it was also announced the course would host the new PGA Champions Tour event, the Portugal Invitational after signing a five-year deal. The first edition of the event is set to be held between 31 July to 2 August 2026 and has been brought about through the work of The PGA Tour Champions, Arrow Global Group and Turismo de Portugal and Turismo de Algarve. A field of 78 players will be welcomed to the new track with the likes of Bernhard Langer and Miguel Ángel Jimenez set to compete at the event that boasts a whopping prize purse of £2.23million ($3m). PGA Tour Champions President Miller Brady said: 'This Tour is a global showcase of the game's legendary players, and we know the great golf fans in Portugal and throughout Europe will welcome the opportunity to watch them compete in person at The Els Club Vilamoura.' Els added: 'It's wonderful to see those plans now coming to fruition and we're grateful to PGA TOUR Champions President Miller Brady, the team at Arrow Global Group and Turismo de Portugal and Turismo de Algarve, for sharing in our vision and bringing this exciting new tournament here.' Vilamoura is just a 25-minute drive from Faro airport, which boasts connections to 90 airports worldwide, and is also just a two-hour drive from Lisbon. The resort is rich in culture, gastronomy and outdoor activities and is home to its famous marina which is a multiple winner of the Yacht Harbour Association's Best International Marina award. Montgomerie said: 'The golf course is superb, and the clubhouse is fantastic. It's not just a course for the present; it's a course for the future as well,' while Duval added: 'It'll be much anticipated for everybody on the Champions Tour, and I struggle to see how it won't be a huge success a year from now.' PGA TOUR Champions announces the Portugal Invitational to be held at The Els Club Vilamoura on course designed by Ernie Els. PGA TOUR Champions, Arrow Global Group, Turismo de Portugal, and Turismo de Algarve will deliver a five-year partnership and will debut the week of July 27, 2026, and will feature a field of 78 players. For more information visit
North Wales Chronicle
15 hours ago
- North Wales Chronicle
Els launches new Portuguese golf club alongside Montgomerie and Duval
The four-time major champion played a nine-hole exhibition to open the Els Club Vilamoura with Scottish legend Colin Montgomerie and 2001 Open Champion David Duval. Els Club Vilamoura, is a championship-standard 18-hole golf course, designed by Els, that features a luxury clubhouse and signature amenities such as the 261 Bar, and was built on the previous Victoria course, which hosted the Portugal Masters from 2007 to 2022. Els, who won the US Open in 1994 and 1997 and two Open crowns in 2002 and 2012, invited Montgomerie and Duval to play the course, as well as Portuguese Champions League winner Luis Figo and former England striker Peter Crouch. Els Club, Vilamoura has been built in partnership with English investment fund Arrow Global and management company DETAILS and is the first private-members club in the Algarve (Image: Portugal Invitational) Els said of his new club: 'I've been coming to Vilamoura for many years, I've spent many summers with my family here and we just love Portugal. 'Golf is in a pretty sweet spot at the moment and [creating this course] has been a really nice venture. 'We want the conditions to be absolutely perfect and for people to have a great experience and good food.' Els Club, Vilamoura has been built in partnership with English investment fund Arrow Global and management company DETAILS and is the first private-members club in the Algarve. Membership is extended only to those proposed by founder members or those invited by the club. During a press conference on the morning of the Els Club launch, it was also announced the course would host the new PGA Champions Tour event, the Portugal Invitational after signing a five-year deal. The first edition of the event is set to be held between 31 July to 2 August 2026 and has been brought about through the work of The PGA Tour Champions, Arrow Global Group and Turismo de Portugal and Turismo de Algarve. A field of 78 players will be welcomed to the new track with the likes of Bernhard Langer and Miguel Ángel Jimenez set to compete at the event that boasts a whopping prize purse of £2.23million ($3m). PGA Tour Champions President Miller Brady said: 'This Tour is a global showcase of the game's legendary players, and we know the great golf fans in Portugal and throughout Europe will welcome the opportunity to watch them compete in person at The Els Club Vilamoura.' Els added: 'It's wonderful to see those plans now coming to fruition and we're grateful to PGA TOUR Champions President Miller Brady, the team at Arrow Global Group and Turismo de Portugal and Turismo de Algarve, for sharing in our vision and bringing this exciting new tournament here.' Vilamoura is just a 25-minute drive from Faro airport, which boasts connections to 90 airports worldwide, and is also just a two-hour drive from Lisbon. The resort is rich in culture, gastronomy and outdoor activities and is home to its famous marina which is a multiple winner of the Yacht Harbour Association's Best International Marina award. Montgomerie said: 'The golf course is superb, and the clubhouse is fantastic. It's not just a course for the present; it's a course for the future as well,' while Duval added: 'It'll be much anticipated for everybody on the Champions Tour, and I struggle to see how it won't be a huge success a year from now.' PGA TOUR Champions announces the Portugal Invitational to be held at The Els Club Vilamoura on course designed by Ernie Els. PGA TOUR Champions, Arrow Global Group, Turismo de Portugal, and Turismo de Algarve will deliver a five-year partnership and will debut the week of July 27, 2026, and will feature a field of 78 players. For more information visit
