Fondazione Altagamma has confirmed Andrea Illy as president of the association for another three-year term running 2016-2018.
At the Italian association of luxury goods companies, Illy will continue to be flanked by deputy vice president Paolo Zegna, in addition to vice presidents Armando Branchini, Kartell’s Claudio Luti and Laudomia Pucci, among others.
The board council, which counts 24 members, was also renewed and includes leading industry figures such as Bottega Veneta’s ceo Carlo Alberto Beretta; Maria Cristina Buccellati, and Brunello Cucinelli, among others, in addition to founding president Santo Versace and long-standing honorary president Leonardo Ferragamo.
Altagamma’s focus in the 2016-2018 period will continue to pivot on three strategic areas: Business development, or institutional relations, studies, researches and networking; strategic consulting and training, and promotion.
Strengthening the public-private partnership to relaunch the industry remains key, such as sharing in 2015 a proposal with the government to preserve or increase the Italian brands’ business in the global market.
Illy said that, in addition to consolidating the institutional profile of Altagamma, “the goal is to strengthen the role of absolute excellence Italy plays in the international context, especially thanks to the creative and cultural haute industry that represents in the world the best of Italian tradition and innovation, which leads the entire industrial system.”
The Italian luxury goods industry is a business of around 100 billion euros, or $108.5 billion at current exchange, with a 10 percent share of the global market, up 5 percent in 2015.
The association has presented a project to deputy minister Carlo Calenda to log in a 50 percent increase in 10 years through the creation of a “strategic table of the Altagamma industry” that can flank entrepreneurs and State investment funds.
Another project in the three years is the creation of a polytechnic and school of Italian know-how in the area used for the international 2015 Expo in Milan, within a technological and scientific park.