Kiton has tapped Marco Pirone as its executive vice president, a new role for the company. The appointment is effective Sept. 1.

According to Kiton chief executive officer Antonio De Matteis, Pirone will oversee three specific business areas — retail, marketing and licensing.

“This is a very peculiar historic moment and, due to the current political situation in the world, I think companies need to be extremely flexible since everything is happening and changing so quickly,” De Matteis said. “This is the reason why we decided to put a major focus on retail, marketing and licensing by tapping a highly qualified manager like Pirone.”

Over the last four years, Pirone, who will report to De Matteis, covered the role of managing director of Louis Vuitton in Italy and previously served Estée Lauder as general manager and later vice president of the Europe, Middle East and Africa region.

Kiton, which operates 52 monobrand stores in the world, recently opened flagships in Tokyo and Montecarlo.

“We expect to open a second store in Paris in September, and then one in Miami by the end of the year,” said De Matteis, who added that the inauguration of a flagship located inside the brand’s Milanese palazzo is scheduled for the first months of 2018.

Asked about a forecast for the second semester of 2016, De Matteis stressed the fact that markets are now extremely uncertain. “You really need a glass ball to make forecasts, but we hope to close the year in line with 2015,” he said