The Sicilian designer has created looks for superstars like Madonna, Beyoncé and Jennifer Lopez. He succeeds Paul Surridge, who exited the company last March.

This week, renowned journalist Robin Givhan expands her role at The Washington Post, while Bastien Renard joined Rihanna's LVMH-owned Fenty brand as its new managing director.

Vision Investment, an entity controlled by the founder and chairman of Damac, will provide the funding to back the company’s stymied turnaround strategy.

With a deal to buy the beleaguered Italian house imminent, it's unclear whether Roberto Cavalli can deliver a return in a rapidly changing fashion market.

This week, one of Italy’s most famous fashion houses hit a dead end.

Security guards ushered employees out of stores on Friday, and the Italian fashion house's US CEO has resigned alongside other senior-level executives. The brand is seeking an agreement with creditors to stay afloat as it searches for an investor.

The label has been struggling for years to reboot sales and regain momentum and visibility in an industry increasingly dominated by big cash-rich conglomerates.

The designer, who late last week was rumoured to exit the company, says he plans to 'focus on other projects' following his departure.