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Armani long-time exec Marsocci to become CEO of fashion house: Report
- On Thursday, Giorgio Armani S.p. named Giuseppe Marsocci chief executive with immediate effect, following a unanimous proposal by the Giorgio Armani Foundation.
- Marsocci draws on years as deputy managing director and commercial chief, working alongside Giorgio Armani in global management, Pantaleo Dell'Orco, chairman and Armani's longtime partner, said.
- Marsocci will oversee the sale of a 15% stake, with priority buyers LVMH, EssilorLuxottica or L'Oreal as outlined in the will; the Armani Foundation controls 30%, while Dell'Orco holds 40%.
- Marsocci will report to a board chaired by Pantaleo Dell'Orco, while Silvana Armani will be appointed vice president, confirming the Armani family's united will to continue Giorgio Armani's project.
- A new structure is emerging for Armani's next phase as Marsocci acknowledged market challenges and pledged continuity with Giorgio Armani's business model and style.
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Marsocci has worked for the company for 23 years and was previously the commercial director of Armani.
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Coverage Details
Total News Sources64
Leaning Left11Leaning Right8Center11Last UpdatedBias Distribution37% Left, 36% Center
Bias Distribution
- 37% of the sources lean Left, 36% of the sources are Center
37% Left
L 37%
C 36%
R 27%
Factuality
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