Italian luxury house Valentino has announced the appointment of Riccardo Bellini as its new CEO, effective from September 1, 2025, replacing Jacopo Venturini, who departed earlier this August.
Bellini joins Valentino from Mayhoola, the Qatari investment fund that holds a majority stake in the brand. He previously served as managing director there since January.
With a robust luxury background, Bellini has led renowned fashion houses such as Maison Margiela and Chloé, and held leadership positions at Diesel and Procter & Gamble. His track record includes a strategic repositioning of Chloé that advanced its sustainability and brand identity
Bellini will collaborate closely with Creative Director Alessandro Michele, who came on board last year, forming a refreshed leadership team aiming to navigate through a challenging luxury environment marked by slumping demand in key markets like the U.S. and China .
Valentino, founded in Rome in 1960 by Valentino Garavani and Giancarlo Giammetti, is currently co-owned by Mayhoola (70%) and French luxury group Kering (30%), which paid €1.7 billion for its stake in 2023 and plans to complete the acquisition by 202. Speculation of a sale was recently dismissed by Mayhoola, while Kering declined to comment .
