default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Roberto Cavalli Names Former Versace Head as New CEO

Roberto Cavalli has named former Versace head Gian Giacomo Ferraris as its new chief executive as it seeks to relaunch under a new owner.
Gian Giacomo Ferraris | Source: Courtesy
By
  • Reuters

MILAN, Italy — Italian fashion group Roberto Cavalli said on Thursday it had named former Versace head Gian Giacomo Ferraris as its new chief executive as it seeks to relaunch under a new owner.

Ferraris, an engineer who also worked for Italian luxury groups Gucci and Prada, radically turned around Versace in his seven years at the company, increasing revenue and cutting debt and bringing it back to profit only two years after being appointed.

"The profound knowledge of the sector and the important professional experiences of Gian Giacomo Ferraris will allow Roberto Cavalli to consolidate the path of relaunch that is at the base of the company's development plans," Cavalli said in a statement.

Italian private equity Clessidra took over Cavalli in April last year and is seeking to revamp the Florentine label famous for its animal prints.

Cavalli said that Chairman Francesco Trapani would leave the company in the second half of August, following his departure from Clessidra.

Versace had replaced Ferraris at the helm of the company with Alexander McQueen's Jonathan Akeroyd in May, without giving a reason.

By Giulia Segreti; editor: Valentina Za.

© 2022 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from News & Analysis
Fashion News, Analysis and Business Intelligence from the leading digital authority on the global fashion industry.

The 10 themes in The State of Fashion 2023, the authoritative annual report from The Business of Fashion and McKinsey & Company, highlight how businesses can deploy realistic yet bold strategies to drive growth, even amid challenging times.




Tim Blanks sits down with Ziad Ahmed, chief executive of JUV Consulting and Stephanie Simon, the former head of community at Clubhouse to reflect on VOICES.


view more

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
How to Build a Profitable DTC Brand
© 2023 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions and Privacy policy.
How to Build a Profitable DTC Brand