After Valentino retired in 2008, Maria Grazia Chiuri and Pierpaolo Piccioli became the fashion house’s creative directors. Chiuri left for Dior in 2016, and Piccioli exited in 2024 (he joined Balenciaga as creative director in 2025), after which Alessandro Michele became the creative director. Valentino had sold the fashion house to the Italian conglomerate HdP for some $300 million in 1998 but remained the designer for another 10 years. In the 21st century the fashion house was acquired by the Marzotto Group (2002), a family-owned textile manufacturer; then by Permira (2007), a private equity firm; and followed by Mayhoola (2012), a private Qatari investment company managed by the royal family. In 2023 the French luxury conglomerate Kering purchased a 30 percent stake in Valentino with plans to acquire the house in full by the end of the decade.
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