Fashion
Valentino: Jacopo Venturini steps down as CEO
Published
August 14, 2025
News broke on Thursday that Valentino CEO Jacopo Venturini has stepped down from the executive helm of the luxury fashion label.
In a short announcement, the company simply said: “Today, Valentino announces that it has reached a mutual agreement with Jacopo Venturini to terminate his employment and board roles effective August 13, 2025 as Mr Venturini has decided to take a break for personal reasons.”
A new chief executive officer will be announced in due course.
Valentino has said nothing else on the subject and hasn’t responded to any requests for comment.
Back in June as rumours swirled about his future, the company had announced that Venturini was on sick leave from the business that — like so many others in the luxury and ultra-luxury sector — has seen declining sales and profits of late.
There was no news about creative director Alessandro Michele, the former Gucci creative chief, but it’s believed he will stay in his post.
The past few years have seen lots of movement in both creative and executive roles at the world’s top luxury labels as the sector grapples with a slowdown that won’t seem to end with some brands seeing large high double-digit sales and profit falls.
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Fashion
US’ Old Navy launches little navy, a new newborn essentials collection
“We designed this collection with parents in mind. Shopping for a newborn, as a gift or for your own, should feel joyful and easy. Everything is intended to be mixed together and matched — it’s fun, it’s emotional, and the value is incredible.”. – Sarah Holme, Head of Design & Product Development for Old Navy.
Old Navy has introduced Little Navy, a new collection of newborn essentials designed to simplify early-stage shopping and gifting.
The range includes layettes, hats, booties and mix-and-match basics in soft, seasonless colours and cosy fabrics.
Sized for babies up to 24 months, the line focuses on comfort, versatility, emotional appeal and strong value for modern parents.
Little Navy goes beyond onesies, offering layettes, hats, booties, and more, all in one convenient collection and no extra searching required. It features a soft, seasonless color palette, cozy fabrics, and versatile styles made for newborns and babies up to 24 months, with sizing that allows Little Navy to grow with baby.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
Fashion
Bangladesh’s BGMEA seeks policy reforms, release of pending incentives
They said bank audit procedures have stalled numerous applications. Around Tk 57 billion in incentives for the textile and apparel sector remain unsettled in fiscal 2025-26, creating acute liquidity pressure and affecting exports.
Bangladesh trade body BGMEA representatives recently met Finance Minister Amir Khasru Mahmud Chowdhury and urged him to release pending cash incentives without waiting for quarterly release schedules and simplify the disbursement process.
They said bank audit procedures have stalled numerous applications.
They also raised concerns over loan rescheduling and working capital.
The authorities were requested to disburse incentives upon application submission instead of waiting for quarterly release schedules, according to a release from the trade body.
BGMEA vice president Mohammad Shihab Uddoja Chowdhury raised concerns over loan rescheduling and working capital. He said banks often reschedule loans to maintain non-performing loan ratios, but fail to provide the working capital factories need to resume operations.
He proposed that banks pair rescheduling with working capital support to create a win-win outcome, allowing factories to operate and repay loans. The finance minister agreed with the proposal.
BGMEA leaders also called for business facilitation and lower operational costs to help Bangladesh remain competitive in the global market. They sought policy support to remove obstacles in customs, ports and other administrative layers and to ensure an investment-friendly environment.
Fibre2Fashion News Desk (DS)
Fashion
Bangladesh’s CPD calls for reforms in biz & tax climate, trade deals
Bangladesh think tank Centre for Policy Dialogue has called for major reforms in business environment, tax collection, trade deals and FDI management, cautioning that the country’s post-election economic transition may be at risk without evidence-based decisions and strong accountability.
A CPD study identified ‘leaking revenue’ as the weakest area across all decision-making indicators.
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