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.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"