“Not all stories have a beginning or an end, some live a kind of eternal present that shines so bright that it won’t produce any shadows,” said Piccioli in a statement. “I’ve been in this company for 25 years, and for 25 years I’ve existed and I’ve lived with the people who have woven the weaves of this beautiful story that is mine and ours… Thanks to Mr Valentino and [Valentino co-founder] Giancarlo Giammetti who have blessed me with their trust, thanks to every single person who made this possible in one way or another. It was a privilege and an honour to share my journey, and my dreams, with you.”
Piccioli grew up in the Italian resort city of Nettuno, studied literature at Rome University, interned at Brunello Cucinelli and after graduation, joined the team at Fendi with Chiuri. Speaking with Luke Leitch in a 2011 interview about the way he and Chiuri approached the task of directing design at Valentino, Piccioli said: “We keep the language, but change the attitude.” That translated initially into collections that toughened Valentino staples, including ruffles and bows (not to mention red), and injected new motifs like the Rockstud. His first collection in October 2016 after Chiuri left “revealed the unbridled romanticism and fantasy of Piccioli’s singular vision”, Hamish Bowles wrote.
In 2012, Valentino was acquired by Qatari investment fund Mayhoola for €700 million, per Reuters. In July 2023, Kering announced the acquisition of a 30 per cent share in Valentino for a cash consideration of €1.7 billion. The deal includes the option for Kering to acquire the rest of the brand by 2028. Kering chairman and CEO François-Henri Pinault describes Valentino as “a unique Italian house that is synonymous with beauty and elegance”. Valentino’s revenues in 2022 amounted to €1.4 billion.
“I am grateful to Pierpaolo for his role as creative director and for his vision, commitment and creativity that have brought the maison Valentino to what it stands for today,” said Valentino CEO Jacopo Venturini. “We extend our deepest gratitude to Pierpaolo for writing an important chapter in the history of Valentino. His contribution over the past 25 years will leave an indelible mark,” added Valentino chairman Rachid Mohamed Rachid.
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