WWD.com/business-news/financial/andretta-exits-moschino-1915086/
Inside Moschino.

MILAN — Thierry Andretta, chief executive officer at Moschino, has left the Italian fashion house, WWD has learned.

This story first appeared in the January 9, 2009 issue of WWD.  Subscribe Today.

Andretta confirmed he left Moschino at the end of 2008 after two years in charge. “It was a personal decision,” he said.

Aeffe SpA, which owns Moschino, has yet to name his successor.

Andretta, who is a former manager at Gucci Group and LVMH Moët Hennessy Louis Vuitton, declined to discuss his immediate future.

The 44-year-old is thought to be in the frame to run Ittierre SpA should Chinese businessman Billy Ngok’s Mensun Ltd. acquire the apparel and manufacturing unit from IT Holding SpA.

Sources also said Andretta is a candidate to succeed Paul Deneve at the helm of Lanvin, who exited that firm, as reported by WWD Thursday.

Andretta had a good track record at Moschino. In 2007, consolidated sales grew 9 percent to 136.9 million euros, or $187.7 million, accounting for 46.7 percent of Aeffe’s total revenues. Sales slowed marginally in the first nine months of 2008, growing 8.1 percent to 114.2 million euros, or $173.9 million, or 47.6 percent of Aeffe’s overall turnover. Dollar figures are converted at average exchange rates for the periods to which they refer.

Aeffe also operates the Alberta Ferretti and Pollini brands and produces collections for Jean Paul Gaultier.