Carlo Silvestri will take the position of Chief Financial Officer immediately, directly reporting to CEO Antonio Achille.

Silvestri previously worked for Salvatore Ferragamo Asia as Chief Financial Officer and Retail Excellence Director, before which he held roles at Dolce & Gabbana.

Achille said: “I am pleased to welcome Carlo as the new Chief Financial Officer of the Group. Carlo brings extensive international experience in finance and also in retail and wholesale operations.

“He has ideally the necessary leadership skills and technical credentials to support me and the Board in the execution of our strategy to restructure the Group and unlock the value that we see in our Company. I am confident he will bring fresh ideas to reinforce and profitably grow our business.”