Ungaro’s President, Mounir Moufarrige, has resigned, according to WWD. This resignation has been linked to Moufarrige’s controversial decision to employ actress Lindsay Lohan (see the MO Down for September 16 for details.) Marie Fournier has been named the new General Manager to oversee all operations.
Versace has announced a new Financial Officer, Francesco Buccola, who was a former executive at the Gucci group. Click here to read more.
Bulgari shares rose more than 3 percent again after HSBC upgraded the stock to "neutral" from "underweight". HSBC said the jeweller was "no longer underperforming in Asia ex Japan and managing costs more effectively." Click here to read more.