MILAN — Carlo Di Biagio is returning to the Roberto Cavalli firm under new owner Clessidra SGR as chief operating officer. He is expected to start in the role shortly.
Di Biagio first joined the Florence-based firm in the same position in September 2009, at the same time as Gianluca Brozzetti, who became chief executive officer. Both Di Biagio and Brozzetti left Cavalli in January 2014 as talks to sell to private equity fund Permira had cooled. Last year, Brozzetti joined jewelry firm Buccellati, which is also controlled by Clessidra, as its new ceo.
Prior to his experience at Cavalli, Di Biagio was a Procter & Gamble Co. finance director. He has also held board-level roles at a number of Italian and international firms and has experience taking companies public, namely motorcycle makers Ducati and Vectrix.
At the end of April, Italian private equity fund Clessidra signed an agreement to acquire 90 percent of the Cavalli firm. The long-term goal is an initial public offering.
Francesco Trapani, the former chairman of LVMH Moët Hennessy Louis Vuitton’s watches and jewelry division, took on the position of chairman of Cavalli with plans to expand the brand’s men’s, bags, shoes and accessories categories and develop the Asian market. Former Coty Group president Renato Semerari was named ceo and Peter Dundas was appointed creative director of the brand in March.
As reported, the deal is to be completed by a newly established company called Varenne, controlled by Clessidra but including L-GAM and Chow Tai Fook Enterprises Ltd.