MILAN — After three years, Gabriele Maggio is expected to exit his role as Moschino’s general manager by the end of the month or early October, according to market sources.
Maggio joined Moschino, succeeding Corrado Masini, in July 2016 after working for six years at Gucci and more than six years at Bottega Veneta.
A source said the parting is consensual and that Maggio is expected to be succeeded by an internal candidate. Moschino is controlled by Aeffe SpA, which had no comment on the speculation.
Under Jeremy Scott‘s creative direction, Moschino has been on an upward trajectory.
In July, Moschino opened a 1,000-square-foot, long-term pop-up shop in Manhattan at 635 Madison Avenue on the northeast corner of 59th Street. The new outpost complements the brand’s existing location at 73 Wooster Street in SoHo.
Last year, Moschino opened a new flagship on Alibaba’s Tmall Luxury Pavilion, tapping into a young generation. Also last year, the brand launched its collaboration with Swedish high street retailer H&M. The company has also boosted its categories, including its first eyewear collection produced under license with Safilo and a growing children’s wear division.
In addition to Moschino, Aeffe, which is publicly listed on Italy’s Star segment of the Italian Bourse, controls the Alberta Ferretti, Philosophy di Lorenzo Serafini and Pollini brands, and produces and distributes collections for Cédric Charlier and Jeremy Scott.
Last year, Aeffe sales rose 10.9 percent to 346.6 million euros, compared with 312.6 million euros in 2017.