By  on July 8, 2013

PARIS — Buccellati Group on Monday named former Lanvin managing director Thierry Andretta chief executive officer, confirming a report on WWD.com.

The appointment follows a transaction in March that saw Milan-based private equity firm Clessidra SGR acquire a 70 percent stake in Buccellati Group for 80 million euros, or $102.6 million at the exchange rate at that time. The deal was signed between Clessidra and the Buccellati family, who retain a minority stake, along with Italian merchant bank Simest SpA.

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