Analysts weighed in on the news, which drove shares up 13.2 percent to 12.66 euros by midday on Thursday as Norsa took on the role of executive deputy chairman.
Norsa helmed the Florence-based company for 10 years, publicly listing it in 2011 and exiting in 2016.
Recruiters are tasked with helping companies be ready to go after the coronavirus pandemic has subsided.
Observers react to the measures to be taken as the country tackles the coronavirus crisis.
The watch group also continues to focus on its fashion brands’ licenses with the addition of Missoni and Furla, said Paolo Marai, president and ceo of the Luxury Division.
Designers and fashion houses are bracing themselves for a Milan Fashion Week, running Feb. 19 to 24, mainly sans Chinese buyers and press.
Running Jan. 10 to 14, Milan Men’s Fashion Week sees the return of brands such as Gucci, Salvatore Ferragamo, Z Zegna and No. 21.
The brick-and-mortar retailers have proved to be surprisingly nimble and innovative.