By  on July 10, 2012

MILAN — Gianfranco Ferré SpA has a new ceo, Mohamad Iyad Jalab, who succeeds Ahmed Sankari. According to a statement issued on Tuesday, the executive is a veteran of the Dubai-based Paris Group, which is owned by Abdulkader Sankari and his son Ahmed and which controls the storied Italian label.

The statement said Sankari left his role in April to focus on Paris Group’s “acquisition of new fashion brands” and “the international opening of new Ferré stores.” A new Milan boutique will open by the end of the year, replacing the brand’s venue on Via Sant’Andrea, whose lease was not renewed by the building’s owners, according to the company.

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