Italian fashion group OTB has appointed Gianfranco Gianangeli new chief executive of Maison Margiela brand. Gianangeli, who has previously served as global retail director at Givenchy, associate international director at Prada and held several merchandising positions at Bottega Veneta, succeeds Riccardo Bellini who left to join the Richemont-owned Chloé. He will report to Ubaldo Minelli, chief executive of Maison Margiela owner OTB.

Paris-based label Maision Margiela has been part of the OTB portfolio since 2002, alongside brands like Diesel, Viktor&Rolf, Marni and Paula Cademartori. Former Dior designer John Galliano has been the brand's creative director since 2014.

OTB, an acronym which stands for Only The Brave, said Maison Margiela's sales last year grew 36 per cent year-on-year to €200.