Valentino names Jacopo Venturini as new CEO

Valentino names Jacopo Venturini as new CEO

Italian fashion house Valentino has named Jacopo Venturini as its new CEO, effective 1 June.

Venturini was previously vice president of merchandising at Gucci, where he worked closely with creative director Alessandro Michele on realising the new vision for the label. Prior to that, he held the role of worldwide ready-to-wear director at Valentino.

“I’m very happy to return for the third time to Valentino, the Italian Maison which represents my first love affair in fashion. Valentino means heritage and future to me, it will be a pleasure working arm in arm with Pierpaolo,” Venturini said in a statement.

Jacopo Venturini returns to Vlanetino as CEO

Venturini will succeed Stefano Sassi, who has helmed the Roman couture brand since 2006 and who has been credited with guiding the company’s transition from a traditional to more contemporary label.

“It has been an incredible personal and professional experience working at Valentino for the past 15 years,” said Sassi. “The decisions that I’ve taken in full agreement with the board and the shareholders are aimed at the growing ambitions of the brand and I’m optimistic for the future of Valentino once the emergency situation will cease. I wish the very best to my colleagues.”

Valentino chairman Rachid Mohamed Rachid said: “I really would like to thank Stefano Sassi for the remarkable objectives achieved in the last decade. Stefano’s role has been pivotal in turning Valentino into the contemporary brand of today.

“I do believe that Jacopo, with his sharp vision and unique capability in sensing market changes, will inject in Valentino new vibrant energies. We are happy to have him lead the new brand course.” continued Rachid Mohamed Rachid.

Valentino Sales Dropped 27% in 2020 Despite “Rosy Upturn” in Fourth Quarter

Valentino has reported a 27 percent drop in overall sales across 2020.

The decline in performance came despite a 77 percent surge in e-commerce sales on its web store amid the global coronavirus pandemic. China’s recovering market also contributed to lessening the blow, increasing 44 percent in retail sales over the course of last year. Revenues for the Italian fashion label came in at €882 million EUR for 2020, or roughly $1.065 billion USD, although the company managed to see a “rosy upturn” during the fourth quarter under the leadership of new CEO Jacopo Venturini.

After unveiling its pre-fall 2021 collection back in December, Valentino’s wholesale orders matched 2019 levels, translating to a 25 percent increase over pre-spring items launched earlier in the year. As the brand’s first project designed for its turnaround plan, company chairman Rachid Mohamed Rachid says the collection “has positively impacted global business” already. The company is now seeking to further bounce back from the pandemic economy, which has led to widespread travel bans and lockdown regulations.

In other related news, Kering sees a growth slump in 2020 Q4 as Gucci sales drop 10 percent.

Ronnie Flex feliciteert Monica Geuze

Rachel Hazes heeft AD-columnist Angela de Jong uitgenodigd voor een gesprek in haar onlangs geopende theewinkel in Amstelveen. “Dan kun je zelf zien dat het niet ‘bijbeunen’ is wat we doen, maar zwaar aanpoten”, reageert Hazes via Instagram op uitspraken van De Jong in een column van vorige week.Hazes zegt het voor zichzelf en haar dierbaren op te willen nemen. “Of iemand nou dik is of dun, opgespoten lippen heeft, lhbti is, of als iemand lekker af en toe onder de zonnebank gaat: joh, op basis waarvan moet je daar dan een oordeel over vellen?” vraagt Hazes zich af. De moeder van André en Roxeanne merkt op dat haar familie wel tegen een stootje kan, maar dat andere mensen misschien wel een einde aan hun leven maken vanwege “pestgedrag”.Hazes zegt De Jong graag eens een spiegel voor te houden. “Laten we dan eens kijken of jij dat nou zo fijn zou vinden als ik publiekelijk over jou kwetsende dingen zou zeggen. Denk daar maar eens goed over na”, besluit Hazes, die ook zegt dat de thee klaarstaat voor De Jong.