Valentino CEO Jacopo Venturini steps down after five years in role
His resignation is effective from 13 August, with the brand stating that the decision was 'mutually agreed' and due to Venturini's wish to take a break for personal reasons. A successor has not yet been named.
Venturini, formerly Gucci's Vice President of Merchandising and Global Markets, assumed the CEO role at Valentino in June 2020. During his tenure, he worked closely with Creative Director Pierpaolo Piccioli until 2024 and later reunited with Alessandro Michele, his former Gucci colleague, following Michele's appointment as Valentino's creative director in 2024.
His departure comes during a transitional period for Valentino. In April 2024, the brand reported a 5% decline in sales for 2023, totaling €1.349 million (£1.16 million). The incoming CEO will be tasked with reversing the downturn while overseeing Valentino's ongoing transition towards full ownership by French luxury group Kering.
In 2023, Valentino's Qatari owner Mayhoola sold a 30% stake in the brand to Kering, with an agreement allowing Kering to acquire the remaining shares by 2028. This deal, initially made under former Kering CEO François-Henri Pinault, will now be managed by incoming Kering chief Luca de Meo, who officially takes over on 15 September.
Venturini's exit marks a significant change in leadership for Valentino at a time when the brand is navigating both creative shifts and financial challenges in the competitive luxury market.
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Valentino CEO Jacopo Venturini steps down after five years in role
Jacopo Venturini has stepped down as Chief Executive Officer of Valentino, the Italian luxury fashion house confirmed on 14 August 2025. His resignation is effective from 13 August, with the brand stating that the decision was 'mutually agreed' and due to Venturini's wish to take a break for personal reasons. A successor has not yet been named. Venturini, formerly Gucci's Vice President of Merchandising and Global Markets, assumed the CEO role at Valentino in June 2020. During his tenure, he worked closely with Creative Director Pierpaolo Piccioli until 2024 and later reunited with Alessandro Michele, his former Gucci colleague, following Michele's appointment as Valentino's creative director in 2024. His departure comes during a transitional period for Valentino. In April 2024, the brand reported a 5% decline in sales for 2023, totaling €1.349 million (£1.16 million). The incoming CEO will be tasked with reversing the downturn while overseeing Valentino's ongoing transition towards full ownership by French luxury group Kering. In 2023, Valentino's Qatari owner Mayhoola sold a 30% stake in the brand to Kering, with an agreement allowing Kering to acquire the remaining shares by 2028. This deal, initially made under former Kering CEO François-Henri Pinault, will now be managed by incoming Kering chief Luca de Meo, who officially takes over on 15 September. Venturini's exit marks a significant change in leadership for Valentino at a time when the brand is navigating both creative shifts and financial challenges in the competitive luxury market.
