Valentino’s CEO Riccardo Bellini has appointed Laurent Bergamo as deputy CEO, Davide Tosi as chief merchandising officer, and is leading the brand through a turnaround. Revenues fell 3 percent in 2024, with a strategic shift in wholesale channels expected to impact 2025 performance, making Mayhoola’s put option in 2026 unlikely.

Kering bought a 30 percent stake in Valentino in 2023, with an option to acquire 100 percent by 2028. Mayhoola’s put options on Kering are now postponed to 2028 and 2029. The ownership structure of Valentino will remain unchanged until at least 2028 under a revised shareholders’ agreement with Kering.

Read more at Yahoo Finance: Valentino Appoints Deputy CEO