Valentino reorganises structure, creates two new management roles

This post was originally published on this site

The company, controlled by Qatari investment vehicle Mayhoola, said it had created two new roles – a chief operations and logistics officer and global chief financial officer – to be held by Giuseppe De Mori and Alberto Fasanotti, respectively.

Both areas will report directly to Chief Executive Jacopo Venturini.

De Mori will oversee the industrial strategy of the Maison, coordinating production with logistics at a global level. He will also oversee the digitalisation of internal processes and sustainability, a priority for the group, a statement said.

“We are set on building together the next chapter of the brand, streamlining the business as well as repositioning Valentino (as) the most established Italian Maison de Couture,” Venturini said in the statement.

He added the luxury group was “charting a new course for the future”.

The fashion house, founded in 1960 by Valentino Garavani, expects 2021 revenues to approach pre-pandemic levels as sales in the first half of the year were up 64% after being hard-hit by the COVID-19 emergency.