职场霸凌？华伦天奴大中华区CEO，遭多员工联名举报

Core Viewpoint - Valentino, the Italian luxury brand, is facing significant challenges due to allegations of misconduct by its Greater China CEO, Janice Lam, and deteriorating financial performance, leading to increased debt and potential default issues [3][4][6]. Financial Performance - Valentino's revenue declined by 5% in 2023 to €1.35 billion, with operating profit dropping 18% to €99 million [4][12]. - In 2024, revenue further decreased by 3% to €1.31 billion, and operating profit fell by 22% to €246 million [4][12]. - By the end of 2024, net debt reached €1.08 billion, triggering debt covenant breaches [4][6]. Management Issues - Employees have reported serious allegations against Janice Lam, including performance falsification and workplace bullying, highlighting issues within the management structure [3][5]. - The internal management problems are exacerbated by high employee turnover and pressure to meet performance targets, leading to a chaotic work environment [9][17]. Market Challenges - Valentino's performance is particularly weak in traditional markets like Europe and Asia, with a notable decline in the Chinese luxury goods market [5][12]. - The brand's reliance on outdated marketing strategies, such as celebrity endorsements and a singular focus on iconic products, has failed to resonate with the evolving preferences of younger consumers [8][16]. Strategic Developments - In July 2024, Valentino's financial struggles led to a breach of terms in a €530 million financing agreement, which requires maintaining specific debt-to-EBITDA ratios [6][14]. - The company announced a CEO change in August 2024, which some industry insiders believe is linked to the brand's declining performance and pressures from its parent company, Kering [6][15]. Industry Context - The global luxury market is experiencing its first significant slowdown since 2009, with both the U.S. and Chinese markets stagnating [8][16]. - Analysts suggest that Valentino's issues reflect broader trends in the luxury sector, where brands must adapt to changing consumer behaviors and preferences [8][16].