The ex-chief financial officer of Salvatore Ferragamo in the Americas will be tasked with turning around the loss-making fashion brand as its new CFO. His appointment follows the departure of CEO Paolo Riva on Friday.
From the September 2019 edition, the Milan Fashion Week show calendar will be more balanced, to make each day a special occasion. In February 2020, Gucci will open the week and Armani will stage the closing show.
Digital transformation, changing consumer behaviour and fierce competition for the best retail locations are driving up costs in the luxury industry according to a study published by the American analytics firm.