MILAN — There’s a new team at Malo SpA.
The IT Holding-owned fashion brand has tapped Tommaso Aquilano and Roberto Rimondi, the pair behind the 6267 label, to design the women’s ready-to-wear collections. They succeed Fabio Piras, who consulted on fall 2005 and designed the next two collections. Piras left in March.
Vittorio Notarpietro was named chief executive officer, succeeding Stefano Ferro, who will stay on as a board member. Notarpietro, who joined IT Holding in 1999, will continue to be chief financial officer for IT Holding.
In a bid to focus on the development and value enhancement of the Malo brand, Giacomo Santucci was named president in April.
The 6267 designers, an up-and-coming duo who blend the wearable with the innovative in their own line, will show their first Malo collection for spring-summer 2007 in New York during fashion week in September.
“Malo is in the midst of finalizing its future strategies that will take off in 2007 and are anchored on the new designers from 6267,” a company spokeswoman said. “The brand believes in them very much.”
Malo’s first-quarter revenues rose 10.3 percent to 11.8 million euros, or $14.2 million.
After building solid fashion foundations with high-end cashmere knitwear, Malo is now looking to grow into a global fashion line with a lifestyle allure.
In February, it was reported that Malo expected to post sales of 60 million euros, or $72 million, this year, with the goal to double that in the next three years.