In his view, the overall luxury goods market in the first half of this year remained good but not as strong as last year due to the Chinese economic slowdown, said Stefano Sassi, chief executive of Milan-based Valentino Fashion Group SpA.
"Asian consumers still buy luxury goods and have notable fashion tastes and preferences," he said.
"Moreover, Asia has a lot of retail development, and this is positive for the luxury goods business, while Asian distributors are really great."
Mr Sassi believes Asia will continue to grow in the rest of this year and next year.
Valentino's first-half global sales grew by 59% to €478 million (19.1 billion baht), driven by Europe, which accounted for 40% of sales, followed by Asia and the US.
Valentino's business in Thailand has grown significantly this year.
Mr Sassi said Bangkok was experiencing a significant retail revolution, with many world-class retail developments taking shape in many locations.
This is good for fashion retailers and distributors as well.
"The capital has completely changed in the past two years, with Bangkokians now more modern and fashion-oriented. Plus the number of foreign visitors continues to rise, and this also boosts luxury consumption," Mr Sassi said.
"Although the Thai economy has gone up and down in the past two years, it can recover very quickly, and the outlook remains bright. We're headed in the right direction."
Valentino has two shops in Bangkok, in Siam Paragon and EmQuartier shopping complexes.
A-List Corporate Ltd, a Thai fashion and lifestyle company, is the distributor for Valentino in Thailand.
Valentino is a fast-growing company, with sales quadrupling in recent years.
The fashion brand has manly opportunities worldwide, and its brand value is strong with a unique heritage and history.
The chief executive said in this region, Valentino focused on Thailand because it was a gateway to Cambodia, Laos, Myanmar and Vietnam.
The brand will consider a presence in these other countries after implementation of the Asean Economic Community at year-end.
Mr Sassi said the weak euro was a positive factor, as its depreciation had made the fashion house's prices more competitive.
"Luxury product consumers are global citizens. They can buy anywhere," he said.
"Some 70% of our customers in Europe are tourists. The weak currencies are good for tourists."
An HSBC report said despite the decline in China's equities market and the weakness of the yuan, there was evidence Chinese outbound travel remained supportive of luxury consumption and that this would continue.
"While sales continue to pick up abroad, there will be more reasons for Chinese consumers to buy at home shortly," the report said. "Due to the significant weakening of the euro, Europe is currently the main market share winner in terms of Chinese consumption.