FERRERO NAMED: Valextra introduced not only its spring collection on Sunday in Milan, but also its new chief executive officer, Sara Ferrero, who succeeds Alessandra Bettari. This is the latest step in the development of the company following the acquisition of a majority stake by London-based investment firm NEO Capital two years ago. Bettari had joined the Italian luxury accessories brand in September, succeeding Marco Franchini, tapped in March 2013, and who left in May last year. Ferrero, who is a partner in NEO Capital, was previously ceo at Joseph and prior to that, held the same role at Furla. “Valextra leverages values that are modern and beyond time, based on an aesthetic purity, functionality and quality,” said Ferrero, touting the brand’s assets and its potential.