MILAN — Italian fashion and textile consortium SMI Sistema ModaItalia has named Claudio Marenzi president.
Marenzi, who is chief executive officer of Herno Spa, the high-end outerwear company founded by his father Giuseppe Marenzi in 1948, succeeds Michele Tronconi, who held the role for five years. “I’m honored to head the association which better represents the value of the Made in Italy in the world,” Marenzi stated.
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EXCLUSIVE: Sarah Rutson has been tapped to Build New American Fashion Group. The parent of Joie, Equipment and Current/Elliott hired the merchant to rev up its brands and expand its portfolio into designer, beauty and lifestyle categories. Read more on WWD.com, link in bio. #wwdfashion
Michael Kors' $1.3B Jimmy Choo deal has the company squaring off with Coach Inc. as both seek to build American powerhouses. Coach bought Stuart Weitzman in 2015 and Kate Spade just two weeks ago, but Michael Kors' acquisition may be putting pressure on its rival in the new push for scale. #wwdnews (📷: George Chinsee)
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