Valentino Confirms Maria Grazia Chiuri Exit; Appoints Pierpaolo Piccioli Creative Director

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Valentino Fall 2016 Couture.

Last week, donbleek.com reported that¬†French fashion house¬†Christian Dior is set to announce that Maria Grazia Chiuri¬†will join the brand as their new creative director. They are expected to make the announcement after Dior‚Äės couture show in early July (see it here).

Chiuri comes from Italy‚Äės Valentino. To add more fire to the flames, this morning Valentino has officially confirmed the departure of the co-creative director (Maria Grazia Chiuri).¬†Pierpaolo Piccioli has been appointed the brand’s sole creative director.

‚ÄúValentino and the people with whom I work with are a great part of my life. My decision of bringing forward the creative guide of this maison is driven by the strong passion that triggers my work and by the desire of continuing to express here my stylistic vision,‚ÄĚ said Piccioli via WWD.

Chiuri is leaving¬†after 17 years with the brand and eight in her role as co-creative director, thanking founder Valentino Garavani and his business partner Giancarlo Giammetti, chief executive officer Stefano Sassi and the team at the house for their support. Chiuri said she had ‚Äúshared with Pierpaolo a great part of [her] professional life and it has been an experience made of many successful creative achievements together.‚ÄĚ She added she was ‚Äúready to embark on a new professional challenge.‚ÄĚ

Chiuri and Piccioli first worked together at Fendi for 10 years. Garavani selected the designers to boost his brand’s accessories category, which they did, rejuvenating that division. They were promoted to creative directors of accessories at Valentino when Alessandra Facchinetti was assigned the same title for ready-to-wear after Garavani retired in 2007. In 2008, they succeeded Facchinetti as creative directors of the brand.

‚ÄúAfter 25 years of creative partnership and of professional satisfactions we gave ourselves the opportunity of continuing our artistic paths in an individual way with the reciprocal desire of further great achievements,‚Ä̬†Chiuri and Piccioli said in a joint statement.

Together, along with Sassi, they have propelled Valentino into one of the hottest and fastest- growing designer brands. Last year, the firm surpassed the $1 billion revenue threshold, posting a 48 percent jump in sales.

‚ÄúEverything achieved in these years would have been impossible without Maria Grazia Chiuri and Pierpaolo Piccioli‚Äôs talent, determination and vision that together have contributed into making Valentino one of the most successful fashion companies,‚ÄĚ said Sassi. ‚ÄúA new and exciting phase for the brand begins under the creative leadership of Pierpaolo Piccioli. The brand is strongly determined to continue its affirmation and development process accomplished in the past years.‚ÄĚ

Mayhoola, the Qatari investment company that owns Valentino, just acquired¬†French luxury house Balmain for a reported $569 million (see it here). Valentino SpA‘s is rumored to announce an initial public offering (IPO) in 2017.

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Valentino Fall 2016 Couture.

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Valentino Fall 2016 Couture.

Photos Credit: Yannis Vlamos/Indigital.tv via Vogue Fashion

Source: WWD

 

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Donovan

Donovan is the CEO and Editor-In-Chief of www.dmfashionbook.com. For all general inquiries please email don@dmfashionbook.com Donovan has a BA in Journalism & Media Studies from the prestigious Rutgers University. He's currently studying entertainment and fashion law.