The designer is focusing on his namesake brand as the company expects to close 2017 with an increase in sales between 20 and 25 percent.
The company, which has recently inaugurated a flagship in Los Angeles, is closing 2017 with revenues of 147 million euros, up 36 percent compared to 2016.
Quietly placing new product on racks and display units is no longer enough.
The company has operated a store in the mall for nearly 30 years.
The chairman and ceo will be succeeded by his son Marco Angeloni.
The shop, which opens today, offers a modern, streetwear-infused aesthetic.
“New York should be the most important city in the world for sneakers, but I don’t see that it is today,” said Erik Fagerlind, cofounder of the specialty sneaker shop.
The line is being sold through a Made in America-focused web site.