<\/p>\n
\n\tMILAN \u2013 Valentino has completed the structure of its organization with the appointment of Antonio Achille as chief operating and transformation officer, effective April 8. Achille will report to chief executive officer Riccardo Bellini, who has been building his team since his arrival last September.<\/p>\n
\n\tThis is a new role at Valentino that merges different purviews, as Achille will oversee \u00a0all industrial divisions and the digital and technology functions.<\/p>\n
\n\tAchille was most recently senior vice president of business development, strategy, innovation and new business at Chalhoub Group. His CV spans over 30 years across luxury, retail and consumer sectors, including global head of luxury at The Boston Consulting Group, previously senior partner at McKinsey & Company, and CEO of furniture firm Natuzzi.<\/p>\n
\n\tValentino relies on a web of production sites in Italy, ranging across towns such as Bucine, Limite and Capraia specialized in footwear production and housing the Valentino Shoes Lab, while the Valentino Sporting Shoes Lab is located in Macerata, specifically Morrovalle, in the Marche region.<\/p>\n
\n\tReady-to-wear is made in Turin, and other plants are in Scandicci (Tuscany) and Rosate (Lombardy), while the couture ateliers are at the company headquarters in Rome\u2019s Palazzo Mignanelli.<\/p>\n
\n\tBellini in December appointed Laurent Bergamo deputy CEO to flank him in the new chapter of the Rome-based couture house. Bergamo first joined\u00a0Valentino\u00a0in 2018, after spending 14 years at Tod\u2019s.<\/p>\n
\n\tOther key appointments include Davide Tosi as chief merchandising officer of the brand. He was previously global chief merchandising officer of ready-to-wear at Gucci.<\/p>\n
\n\tBellini has also strengthened the regional leadership teams with the appointment of Shi Ning as Valentino CEO Greater China, effective this month, and Esther H\u00f6rmann\u00a0as Valentino\u00a0CEO Europe in January.<\/p>\n
\n\tEffective March 2, Liran Peterzil, hailing from Compagnie Financi\u00e8re Richemont and Giorgio Armani, joined Valentino as its new chief\u00a0marketing\u00a0officer, reporting to Bellini, and succeeding Yigit Turhan.<\/p>\n
\n\tPeterzil is tasked with the development of\u00a0Valentino\u2019s global brand strategy, while overseeing\u00a0marketing, communications, events, media relations and overall brand experience worldwide.<\/p>\n
\n\tCreative director Alessandro Michele unveiled his fall collection for the brand in Rome earlier this month, marking two years since his arrival at the couture house from Gucci.<\/p>\n
\n\tThese appointments signal an evolution and greater alignment across all functions as part of the new chapter of the brand. As reported, Kering and Mayhoola in September jointly announced that the current ownership structure of the\u00a0Valentino\u00a0house will not change before 2028 at the earliest.<\/p>\n
\n\tThis represents an amendment to their shareholders\u2019 agreement, inked at the time of\u00a0Kering\u2019s acquisition\u00a0of a 30 percent stake in\u00a0Valentino\u00a0in 2023 for 1.7 billion euros in cash as part of a broader strategic partnership with the Qatari investment fund.<\/p>\n
\n\tAs per that original deal, the French group had an option to buy 100 percent of Valentino\u2019s capital by 2028, while\u00a0Mayhoola\u00a0could become a shareholder in Kering,\u00a0with the final purchase price linked to the Italian fashion brand\u2019s performance.<\/p>\n
\n\tFollowing the new agreement, Mayhoola\u2019s put options on Kering exercisable in 2026 and 2027 for its remaining 70 percent stake in Valentino are now postponed to 2028 and 2029, respectively. Kering\u2019s call option to acquire Mayhoola\u2019s stake in 2028 is also deferred to 2029.<\/p>\n
#Valentino #Names #Antonio #Achille #Chief #Operating #Transformation #Officer<\/p>\n","protected":false},"excerpt":{"rendered":"
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