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November 19th

Palazzo Mezzanotte
Milan - Piazza degli Affari, 6

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Stefano SASSI

Ceo, Valentino Fashion Group

Stefano Sassi is President and Chief Executive Officer of Valentino S.p.A. and Chief Executive Officer of Valentino Fashion Group.

Born in Varese, Italy, in 1960, Stefano Sassi joined Valentino in December 2006 at a time that coincided with the departure of Valentino Garavani and Giancarlo Giammetti, which took place in September 2007, after the celebratory bash of the Maison’s 45th anniversary in Rome.

Stefano Sassi immediately became a pivotal figure in plotting the future of the storied house, ably steering the company through turbulence and overseeing the smooth transition of ownership and design. The impressive work carried out in the recent years and the new vision for the brand led to its acquisition by Mayhoola for Investments in July 2012. The agreement was signed between Mayhoola for Investments, the investment vehicle backed by a private investor group from Qatar, and Red & Black Lux Sarl, a company indirectly controlled by Permira Funds in partnership with the Marzotto family.

“Permira allowed us to execute a medium-term industrial plan that we carried out successfully notwithstanding the difficult economic conditions. Mayhoola for Investments guarantees continuity from both a design and management perspective as we are dealing with an investor with an ambitious long-term vision for the brand,” said Stefano Sassi.

Stefano Sassi’s stewardship has earmarked a new era for Valentino, one of growth and profitability, in part spurred by a younger customer base. He also strategized a coherent distribution network and a new design for its boutiques, including the REDValentino diffusion line. In October 2008, following the brief design tenure of Alessandra Facchinetti, Stefano Sassi trusted his instinct and promoted Maria Grazia Chiuri and Pierpaolo Piccioli, the in-house accessories designers, to Creative Directors. “I strongly suggested them to the board for different reasons, including their deep knowledge of the brand, their sensitivity, style vision and farsightedness in understanding the brand’s variables and potential,” said Stefano Sassi. Together they forged a coherent and successful design identity spanning ready-to-wear, accessories and fragrances that is applauded the world over. A global licensing agreement was signed with Puig for Valentino Parfums in 2010 and with Marchon for Valentino Eyewear in June 2011.

Stefano Sassi’s experience is multi-pronged and variegated as it covers fashion, textiles and finance. Between 1990 and 1996, he worked at Bain&Company, where he oversaw the strategic and industrial projects, both nationally and internationally, for a number of top level powerhouse companies such as FIAT, GFT and Ferrari.

He made his foray into the textile and fashion world in 1996 when he joined Cerruti 1881, serving as General Manager and board member until 2001, when he was appointed General Manager of the textile division of Marzotto S.p.A. and later became its CEO in 2006.