Friday, 2 October 2009

Giorgio Armani Reshuffles His Management Team – 2/10/09

Fresh from his success at Milan Fashion Week, Giorgio Armani is shaking things up. According to a Reuters article, he just named a new deputy chairman and an executive in charge of financial management and investments.

The brand said in a statement that Gianni Gerbotto would leave his position as General Manager of Giorgio Armani SpA and would now be responsible for the company's financial management and investments.

Deputy General Manager John Hooks will become deputy chairman and will join the board with responsibility for global commercial strategy and markets and brands development.

Livio Proli, currently General Manager of controlled subsidiary Simint SpA, will become general manager of Giorgio Armani SpA, responsible for operational and commercial management.

This article also hinted at the ‘Armani Enigma’: the fact that Armani has “kept investors guessing on the future of his company, at times hinting at a bourse listing and at other times signalling he could sell the group.”

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Melinda O’Rourke is the founder and Director of MO Luxury, a dynamic, Sydney-based management firm specialising in luxury brands and services. Melinda and her associates at MO work with local and international brands across prestige retail, fashion, fine jewellery, timepieces and specialised services. Melinda is well-connected, well-read, and well-versed in the demands of the luxury market and its client base. Her advice is firmly based in objectivity and ultimately, accountability. Melinda offers constructive counsel and both strategic and creative thinking and is able to draw upon a strong network of specialised talent to compliment the MO Luxury team as needed. Melinda enjoys excellent industry relationships and is regularly quoted in the business and fashion media. Read more about MO Luxury,