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Armani long-time exec Marsocci to become CEO of fashion house: Report
- On Thursday, Giorgio Armani S.p. named Giuseppe Marsocci chief executive with immediate effect, following a unanimous proposal by the Giorgio Armani Foundation.
- Marsocci draws on years as deputy managing director and commercial chief, working alongside Giorgio Armani in global management, Pantaleo Dell'Orco, chairman and Armani's longtime partner, said.
- Marsocci will oversee the sale of a 15% stake, with priority buyers LVMH, EssilorLuxottica or L'Oreal as outlined in the will; the Armani Foundation controls 30%, while Dell'Orco holds 40%.
- Marsocci will report to a board chaired by Pantaleo Dell'Orco, while Silvana Armani will be appointed vice president, confirming the Armani family's united will to continue Giorgio Armani's project.
- A new structure is emerging for Armani's next phase as Marsocci acknowledged market challenges and pledged continuity with Giorgio Armani's business model and style.
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54 Articles
Giuseppe Marsocci was appointed CEO of the Armani Group, with immediate effect. The Board announces it, where Marsocci - for 23 years within the group
Giuseppe Marsocci, director of the more than 20-year-old group, was appointed CEO of the fashion house Giorgio Armani after the founder's death. He will oversee the next stage of the development strategy established by its will.
·Romania
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Total News Sources54
Leaning Left11Leaning Right5Center11Last UpdatedBias Distribution41% Left, 41% Center
Bias Distribution
- 41% of the sources lean Left, 41% of the sources are Center
41% Center
L 41%
C 41%
R 18%
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