Valentino CEO Jacopo Venturini Resigns After 5 Years
The decision to leave the assignment was taken in agreement with the company after a period of leave for “family reasons”
Jacopo Venturini has resigned with immediate effect from the office of ceo of the maison Valentino. The decision, published by WWD, of leaving the assignment was taken in agreement with the company after a period of leave for “Family reasons”.
The fashion house, today under the creative guidance of Alessandro Michelehas not yet made official statements about this farewell so much that Venturini’s successor has not yet been appointed, but could be announced shortly. As @tpf_theplatform observes, however the manager’s exit would not have been soft: in the company’s press release there is no mention of thanks for these five years of work together.
With a career started in Rinascente In 1995, Venturini became CEO in 2020, instead of Stefano Sassiformer leader of the Roman brand since 2006.
For him he was a return to the Maison, where he had already worked as a brand manager for women and men’s lines between 2000 and 2004. After a short parenthesis from Pradahe returned in 2008 as director of the collections, a role he held until 2015, the year in which he joined Gucci With the role of executive vice president of merchandising.
In Valentinoinitially collaborated with the creative director Pierpaolo Piccioli Until 2024, before appointing and gathering with the former creative director of Gucci Alessandro Michele, who hired Valentino’s creative direction last year.
The new CEO will inherit new challenges, since Valentino is facing a slowdown in the luxury sector. In 2024, the brand sales decreased by 2% to 1.31 billion euros, while the Ebitda dropped by 22% on an annual basis for 246 million euros. Will also have the task of Supervision The sale in progress of Valentino in Kering. In 2023, the Qatrio Mayhola investment group sold a 30% share of Valentino to Kering, with an option for the French luxury giant to acquire full ownership by 2028.
Ora It will be the new CEO of Kering, Luca De Meo, who will enter office on September 15, to decide whether to confirm or review this agreement.
Some sources indicate that Michele will keep his role and that His next collection for Valentino will be presented on October 5 in Pariswith the spring 2026 line.