Valentino CEO Jacopo Venturini exits after five years
Jacopo Venturini has stepped down as Chief Executive Officer of Valentino, the Italian luxury house confirmed today, effective from 13 August.
In a short statement, the Mayhoola-owned brand said it had "mutually agreed" with Venturini to end his employment and board positions, citing his decision to "take a break for personal reasons". A successor is yet to be named.
Venturini, the former Gucci Vice President of Merchandising and Global Markets, took the helm at Valentino in June 2020. He worked closely with Creative Director Pierpaolo Piccioli until 2024, before reuniting with Alessandro Michele, his former Gucci colleague, when Michele was appointed creative director at Valentino last year.
His departure comes at a challenging moment for the brand. In April 2024, Valentino announced its sales fell 5% in 2023 to €1.349 million (£1.16 million). The incoming CEO will face the dual task of reigniting growth and steering the business through its ongoing transition towards ownership by Kering.
In 2023, Mayhoola sold a 30% stake in Valentino to Kering, with an option for the French group to acquire the remaining shares by 2028. The deal, agreed under former Kering CEO François-Henri Pinault, will now come under the oversight of incoming chief Luca de Meo, who takes up the role on 15 September.
