By  on November 10, 2017

MILAN — Caruso is receiving an injection of funds from Fosun, its Chinese partner since 2013. At the same time, Umberto Angeloni, chairman and chief executive officer of the Italian men’s wear company Raffaele Caruso SpA, is leaving his role this month.

He is succeeded by his eldest son Marco Angeloni, chief operating officer of the label, who joined the company in 2010. Marco Angeloni has an MBA from French business school Insead, and previously worked at Bain & Co.

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