Italian fashion house Valentino has appointed industry veteran Riccardo Bellini as new chief executive, it said on Wednesday, adding he will take up the role at the start of September.
Bellini, who has been working as managing director of leading Valentino investor Mayhoola, replaces Jacopo Venturini whose departure was announced last week.
"I am honored to join Valentino, an iconic maison that blends extraordinary heritage and craftsmanship with a unique creative voice," Bellini said in a statement.
Bellini previously served as CEO of luxury brands Maison Margiela and Chloé, and held business and marketing leadership roles at Diesel and Procter & Gamble.
Valentino, founded in Rome in 1960 by Valentino Garavani and Giancarlo Giammetti, is part-owned by French luxury conglomerate Kering PRTP.PA, which bought a 30% stake in the label from Qatari fund Mayhoola for 1.7 billion euros ($1.98 billion) in 2023, with a commitment to buy the rest by 2028.
Last month, Mayhoola denied a newspaper report that the two shareholders were considering selling Valentino. Kering declined to comment at the time.
UAE Central Bank gold reserves rise 26% in five months
Putin, Modi to meet in Delhi by end of year, Russian embassy official says
India, China agree to resume direct flights, boost business links
Air Canada to resume service as flight attendants' union end strike
Norway wealth fund excludes six companies linked to West Bank, Gaza
