MILAN — The Roberto Cavalli Group said Friday that chief executive officer Gianluca Brozzetti and chief operating officer Carlo Di Biagio are leaving the company and their responsibilities will be split between Cavalli himself, who is also president of the firm, and Daniele Corvasce, counselor and corporate legal affairs director.
Brozzetti and Di Biagio will remain minority shareholders of the group. The shift was revealed along with the company’s 2013 unaudited earnings before interest, taxes, depreciation and amortization, which are expected to represent 11.2 percent of total revenues. Sales in the fiscal year ended Dec. 31 grew 9.3 percent to 201 million euros, or $265.3 million at average exchange.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)