MILAN — 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.
This is a new role at Valentino that merges different purviews, as Achille will oversee all industrial divisions and the digital and technology functions.
Achille was most recently senior vice president of business development, strategy, innovation and new business at Chalhoub Group. His CV spans more than 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.
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Valentino 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.
Ready-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’s Palazzo Mignanelli.
Bellini in December appointed Laurent Bergamo deputy CEO to flank him in the new chapter of the Rome-based couture house. Bergamo first joined Valentino in 2018, after spending 14 years at Tod’s.
Other 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.
Bellini has also strengthened the regional leadership teams with the appointment of Shi Ning as Valentino CEO Greater China, effective this month, and Esther Hörmann as Valentino CEO Europe in January.
Liran Peterzil, hailing from Compagnie Financière Richemont and Giorgio Armani, joined Valentino on March 2 as its new chief marketing officer, reporting to Bellini, and succeeding Yigit Turhan.
Peterzil is tasked with the development of Valentino’s global brand strategy, while overseeing marketing, communications, events, media relations and overall brand experience worldwide.
Creative 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.
These 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 Valentino house will not change before 2028 at the earliest.
This represents an amendment to their shareholders’ agreement, inked at the time of Kering’s acquisition of a 30 percent stake in Valentino in 2023 for 1.7 billion euros in cash as part of a broader strategic partnership with the Qatari investment fund.
As per that original deal, the French group had an option to buy 100 percent of Valentino’s capital by 2028, while Mayhoola could become a shareholder in Kering, with the final purchase price linked to the Italian fashion brand’s performance.
Following the new agreement, Mayhoola’s 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’s call option to acquire Mayhoola’s stake in 2028 is also deferred to 2029.