This article originally appeared on Vogue Business.

Valentinoand creative director Pierpaolo Piccioli are parting ways, the Italian house said on Friday.

A new creative organization is to be announced soon.

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Photo: Vittorio Zunino Celotto/Getty Images

Piccioli joined the house in 1999 as an accessory designer alongside Maria Grazia Chiuri.

In 2016, Piccioli took on the role of sole creative director, following Chiuris departure forDior.

Pierpaolos first solo collection for Valentino, after Maria Grazia Chiuris departure.

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Pierpaolo’s first solo collection for Valentino, after Maria Grazia Chiuri’s departure. Valentino SS17.

It was a privilege and an honour to share my journey, and my dreams, with you.

Piccioli at his most recent RTW collection (AW24), which was entirely in black.

In 2012, Valentino was acquired by Qatari investment fund Mayhoola for 700 million,per Reuters.

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Piccioli at his most recent RTW collection (AW24), which was entirely in black.

The deal includes the option for Kering to acquire the rest of the brand by 2028.

Valentinos revenues in 2022 amounted to 1.4 billion.

We extend our deepest gratitude to Pierpaolo for writing an important chapter in the history of Valentino.

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Valentino Haute Couture SS18 and SS19.

His contribution over the past 25 years will leave an indelible mark, added Valentino chairman Rachid Mohamed Rachid.

Luke Leitch contributed reporting.

Valentino Haute Couture SS18 and SS19.

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Pierpaolo Piccioli and Maria Grazia Chiuri’s first Haute Couture collection for Valentino, in January 2009.

Pierpaolo Piccioli and Maria Grazia Chiuris first Haute Couture collection for Valentino, in January 2009.

Valentino Haute Couture AW22 in Rome.

Valentino Haute Couture AW18.

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Valentino Haute Couture AW22 in Rome.

Anne Hathaway and Naomi Campbell in Valentino.

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Valentino Haute Couture AW18.

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Valentino AW22.

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Anne Hathaway and Naomi Campbell in Valentino.