A week after confirming the departure of its CEO Jacopo Venturini after ten years in the role, the Italian fashion house has turned to Ricardo Bellini, a key figure at its parent company. He has been Managing Director of the Mayhoola for Investment fund for the past eight months.
The Roman fashion house has chosen Riccardo Bellini to succeed Jacopo Venturini at the helm. The appointment of the former managing director of the Qatari sovereign wealth fund Mayhoola for Investment will take effect on September 1. He will form Valentino’s new leadership duo alongside artistic director Alessandro Michele.
Owner of Valentino since 2012 and Balmain since 2016, Mayhoola for Investment signed a binding agreement in July 2023 for the acquisition by the Kering group of 30% of the shares in the Italian fashion house founded in 1960, with an option to buy the entire company by 2028.
