Core Viewpoint - Valentino is facing serious allegations from employees regarding workplace bullying and performance falsification by CEO Janice Lam, which has led to a toxic corporate culture and damaged brand reputation [1][3]. Group 1: Allegations Against Management - Employees have accused Janice Lam of engaging in various irregular sales practices to enhance sales figures, including discount promotions funded by the company and misusing employee discount privileges [3]. - The management style of Janice Lam has been described as oppressive, using derogatory language in meetings and creating a culture of fear that stifles dissent [3]. - Reports indicate that employees have faced unreasonable workloads and were pressured to work unpaid overtime, leading to mental health issues and increased turnover [3][5]. Group 2: Employee Experiences - A former employee recounted experiences of bullying and pressure to resign, including being assigned unrealistic sales targets and being monitored excessively [5][6]. - The same individual reported that complaints sent to the Italian headquarters regarding workplace bullying went unanswered, and employees were discouraged from escalating issues [5]. Group 3: Financial Performance and Debt Issues - Valentino's financial outlook is bleak, with a projected 2.8% decline in global revenue to €1.31 billion and a 22% drop in operating profit to €246 million for 2024 [7]. - The company has triggered debt covenant violations due to high debt levels, with net debt reaching €1.08 billion, which is 4.35 times its EBITDA, exceeding the agreed thresholds [7]. - Kering Group has postponed its timeline for a full acquisition of Valentino, which was initially set for 2028, due to the ongoing financial difficulties [8].
华伦天奴中国区被曝乱象:卖货靠“员工折扣”,管理靠“侮辱威胁”?
Guo Ji Jin Rong Bao·2025-12-04 12:24