By  on November 21, 2017

MILAN — Is Valentino setting the foundations for the much-anticipated initial public offering?

Sebastian Suhl is joining Valentino SpA as the new managing director of global markets, starting in January and reporting to chief executive officer Stefano Sassi. Suhl has the remit to support the Rome-based company’s ongoing expansion globally — but could his arrival signal Sassi’s increased focus on an IPO? In March, the ceo said an IPO was “not on the table” in 2017, and “we’ll see what happens in 2018. We’ve shelved it because of market conditions. If things change, we’ll review [the project]. We are not talking about it internally at the moment.”

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