News broke on Thursday that Valentino CEO Jacopo Venturini has stepped down from the executive helm of the luxury fashion label.

In a short announcement, the company simply said: “Today, Valentino announces that it has reached a mutual agreement with Jacopo Venturini to terminate his employment and board roles effective August 13, 2025 as Mr Venturini has decided to take a break for personal reasons."

A new chief executive officer will be announced in due course.

Valentino has said nothing else on the subject and hasn’t responded to any requests for comment.

Back in June as rumours swirled about his future, the company had announced that Venturini was on sick leave from the business that — like so many others in the luxury and ultra-luxury sector — has seen declining sales and profit

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