Headlines
Valentino CEO steps down for personal reasons
Published by Global Banking & Finance Review®
Posted on August 14, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on August 14, 2025
2 min readLast updated: January 22, 2026
Valentino CEO Jacopo Venturini resigns for personal reasons, leaving the luxury brand seeking new leadership amid declining sales.
(Reuters) -Valentino CEO Jacopo Venturini has stepped down, the Italian luxury house said on Thursday, leaving the Mayhoola- and Kering-backed business searching for a new leader to reboot sales and profit.
Valentino reached a mutual agreement with Venturini to terminate his employment and board roles effective Wednesday as he "has decided to take a break for personal reasons", the brand said in an announcement seen by Reuters.
Venturini, previously executive vice president of merchandising at Gucci, became CEO at Valentino in June 2020. Valentino had said in June that he was on sick leave, after media reports of his imminent departure from the business which reported declining revenue and profit last year.
Valentino, founded in Rome in 1960 by Valentino Garavani and Giancarlo Giammetti, is part-owned by French luxury conglomerate Kering, which bought a 30% stake in the label from Qatari fund Mayhoola for 1.7 billion euros in 2023, with a commitment to buy the rest by 2028.
Mayhoola and Kering did not reply to Reuters requests for comment about Venturini's departure.
Last month, Mayhoola denied a newspaper report that the two shareholders were considering selling Valentino. Kering declined to comment at the time.
(Reporting by Helen Reid in London, Giulio Piovaccari in Milan and Gavin Jones in Rome; Editing by Kirsten Donovan)
Jacopo Venturini stepped down from his position for personal reasons, as stated by the brand.
Venturini became CEO of Valentino in June 2020, after serving as executive vice president of merchandising at Gucci.
Valentino is part-owned by French luxury conglomerate Kering, which holds a 30% stake, and is backed by the Qatari fund Mayhoola.
No, both Mayhoola and Kering did not respond to requests for comment regarding Venturini's departure.
Last month, Mayhoola denied a report that the two shareholders were considering selling Valentino.
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