The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
MILAN, Italy — The Benetton fashion company says its CEO, Marco Airoldi, has resigned and that it has hired a new chief operating officer.
Airoldi took the post of CEO in 2014, launching a plan to refocus the brand on targeted markets and overseeing a redesign of the brand's stores. No successor was named.
The company on Wednesday also announced a new chief operating officer, Tommaso Bruso. Bruso started his career in Benetton, first in Italy and then in the US, and is currently CEO in North America for the Fedon, Furla and Diesel fashion brands.
The company famous for its colourful knitwear has struggled from competition from fast-fashion brands like
and H&M, delisting from the stock exchange in 2012 and bringing in a new team of executives from outside the family.
The British musician will collaborate with the Swiss brand on a collection of training apparel, and will serve as the face of their first collection to be released in August.
Designer brands including Gucci and Anya Hindmarch have been left millions of pounds out of pocket and some customers will not get refunds after the online fashion site collapsed owing more than £210m last month.
Antitrust enforcers said Tapestry’s acquisition of Capri would raise prices on handbags and accessories in the affordable luxury sector, harming consumers.
As a push to maximise sales of its popular Samba model starts to weigh on its desirability, the German sportswear giant is betting on other retro sneaker styles to tap surging demand for the 1980s ‘Terrace’ look. But fashion cycles come and go, cautions Andrea Felsted.