The famous Florentine luxury retailer has finalized the sale of a 40% stake to Italian investment fund Style Capital. Founder Andrea Panconesi, has retained his role as president, while Alessandra Rossi has become CEO.
Net-A-Porter, Mr Porter and The Outnet have become the latest luxury retailers to embrace resale, saying a link-up with resale technology provider Reflaunt will “offer unique breadth in the online luxury fashion market”.
Renzo Rosso’s fashion group has recently appointed Marita Spera as chief public affairs and corporate communication officer. The Italian executive, formerly with YNAP, has a wealth of international experience.