Former Versace Head Gian Giacomo Ferraris Named Roberto Cavalli New CEO

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Roberto Cavalli Fall 2016 Ready-To-Wear.

Italian fashion group Roberto Cavalli has named former Versace head Gian Giacomo Ferraris as its new chief executive officer as it seeks to relaunch under a new owner. Italian private equity Clessidra took over Cavalli in April last year and is seeking to revamp the Florence -based label.

Ferraris turned around Versace in his seven years at the house, increasing revenue and cutting debt and bringing it back to profit only two years after being appointed. He also worked for Gucci and Prada.

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.

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

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Roberto Cavalli Fall 2016 Menswear.

Photos Credit: Kim Weston Arnold/Indigital.tv & Yannis Vlamos/Indigitalimages.com

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Donovan

Donovan is the CEO and Editor-In-Chief of www.dmfashionbook.com. For all general inquiries please email don@dmfashionbook.com Donovan has a BA in Journalism & Media Studies from the prestigious Rutgers University. He's currently studying entertainment and fashion law.