At a Glance:
- Valentino introduced two new management roles to separate business and control divisions.
- The two new roles created are a Chief Operations and Logistics Officer and Global Chief Financial Officer.
- Valentino anticipates this step to be charting a new course towards the future.
Recently, the fashion luxury brand, Valentino announced that it has restructured the finance and operations into two distinct units to divide the business and control divisions.
The company has appointed Giuseppe De Mori as the Chief Operations and Logistics Officer and Alberto Fasanotti as the Global Chief Financial Officer. These two new roles were confirmed by Mayhoola, the Qatari investment vehicle that controls Valentino.
Both these job positions will report directly to Jacopo Venturini, the Chief Executive of Valentino.
Valentino Group redefines responsibilities
Giuseppe De Mori will be responsible for overseeing the industrial strategy of the Maison and directing the production with logistics at a global level. He will also be leading the digitalization of internal processes and sustainability, which is a priority for the group.
Jacopo Venturini further stated, “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.”
New Course awaits
With this new addition, the fashion luxury brand is preparing to chart on a new course for the future.
Valentino was established in 1960 by the fashion legend V. Garavani. Since then, the brand has ruled the industry with being the top picks for celebrities and millionaires. In 2021, V. Garavani is looking forward to seeing the revenues bounce back to the pre-pandemic levels as sales as in the first half of the year it accounted for 64% growth in sales, despite being a victim to the COVID-19 emergency.
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