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Roberto Cavalli CEO to quit by 2020-end

  

Gian Giacomo Ferraris, CEO, Roberto Cavalli will step down from his role by the end of this year. Ferraris joined Roberto Cavalli in 2016, when he succeeded Renato Semerari. He was formerly the CEO of luxury brand Versace, where he is credited with getting the brand's finances back on track and repositioning it in the luxury segment after years of lacklustre sales.

Roberto Cavalli Spa is an Italian luxury fashion company founded by designer Roberto Cavalli in Osmannoro, Florence, during the 1970's. Known worldwide for its glamour and animalier prints on leather and textiles, the label is in charge of manufacturing and marketing haute couture, ready-to-wear, and accessories, including handbags, eyewear, watches, shoes, perfumes and jewellery. The company also develops interior design projects for high-end buildings and hotels.

In 2019, the Roberto Cavalli was acquired by the DICO group, owned by Emirati businessman Hussain Sajwani, who purchased the brand from Clessidra through private investment fund Vision Investments. The label's UAE-based parent company intends to take the historic Italian house in a new direction in order to successfully relaunch it.

 
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