Former Bulgari and LVMH Moët Hennessy Louis Vuitton executive Francesco Trapani will join Tages Holding with a 9 percent stake through a reserved capital increase and is to become its executive vice president. He will be a member of the board of Tages and of its three operating companies: Credito Fondiario, Tages Capital SGR and Tages Capital LLP.
Tages’ activities include a leading European hedge fund company, based in London; an Italian firm that manages Tages Helios, the third-largest photovoltaic operator in Italy, and Credito Fondiario, which manages non-performing loans.
“I share the entrepreneurial spirit and the will to embrace new challenges with the founders of Tages Group,” said Trapani. “I am happy to join a group of professionals that I have long thought highly of, engaged in high-profile initiatives for the ongoing evolution of Tages Group.”
Panfilo Tarantelli, founding shareholder and chief executive officer of Tages Holding and Credito Fondiario, noted that the arrival of such a high-profile professional will help further grow the business.
Trapani began his career in 1981 with Bulgari, becoming its chief executive officer in 1984, and publicly listing the Rome-based jewelry company in Milan and London in 1995. He became chairman of LVMH’s watches and jewelry division after the French luxury group acquired the Italian brand in 2011 and left in 2014 to join Italian private equity fund Clessidra SGR SpA. There, he spearheaded the acquisition of Roberto Cavalli and became president of the fashion company and of Clessidra. He departed Clessidra in September following Italmobiliare’s acquisition of the private equity fund in May.