New CEO Riccardo Bellini is reshaping Valentino’s leadership, promoting Laurent Bergamo to Deputy CEO and appointing Gucci veteran Davide Tosi as General Merchandising Manager. The moves follow the brand’s strategic shift from wholesale distribution, which reportedly contributed to double-digit revenue declines in 2025. These results impact the ownership timeline following revised agreements between majority owner Mayhoola and minority stakeholder Kering. Mayhoola’s option to sell its stake is now deferred to 2028-2029, while Kering’s call option to acquire full ownership extends to 2029, maintaining current ownership through the decade’s end.