Valentino confirms CEO Jacopo Venturini is on sick leave

Italian luxury brand Valentino said on Monday its chief executive, Jacopo Venturini, is currently on sick leave after an Italian fashion news outlet reported the executive may be stepping down.

The company—controlled by Qatari investment fund Mayhoola—issued a brief statement in response to a Reuters inquiry, offering no further details or comment on Venturini’s potential departure.

Venturini, who previously held a senior role at Gucci, was appointed chief executive of Valentino in 2020 and has since overseen several key leadership and creative shifts at the brand.

Last year, the Italian fashion house named Alessandro Michele as creative director, following the exit of long-serving Pierpaolo Piccioli. The brand later reported a 2% decline in revenue and a 22% drop in core profit for the year.

French luxury group Kering bought a 30% stake in Valentino in 2023.

The deal included reciprocal put and call options for Kering—currently struggling to relaunch its flagship brand Gucci—to acquire full ownership of Valentino’s share capital between May 2026 and 2028.