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Prada hires former Luxottica chief Andrea Guerra as new CEO

Inside Retail

After overseeing a successful turnaround since 2017 to reverse a slide in sales, Bertelli said a year ago he planned to hand over the reins of the group he leads with wife Miuccia Prada to their 34-year-old son Lorenzo. The post Prada hires former Luxottica chief Andrea Guerra as new CEO appeared first on Inside Retail.

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Eataly set for global expansion after $300 million cash injection

Inside Retail

Investindustrial said its investment will allow Eataly to retire debt and maximise financial flexibility to fund Eataly’s global expansion plans. The family of the founder, Oscar Farinetti, and other shareholders will maintain the minority 48 per cent stake. This year it anticipates turning over around $450 million.

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Retail appointments of the week

Inside Retail

In 2003, he transferred control of the business to his daughter, Naomi Milgrom. Rytz Goldman will join the company in the spring of 2024 and report to PVH CEO Stefan Larsson. Rytz Goldman is currently the MD of Cos.

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Central Group leads Selfridges buyout in US$5 billion deal

Inside Retail

The Canadian wing of the billionaire Weston family bought Selfridges for nearly 600 million pounds in 2003. The source said they plan to increase sales to 8 billion euros ($9.1 With Selfridges, they hope to build a luxury department store empire, complemented by an online business.

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Unpacking the “murky” data behind the luxury spending boom

Inside Retail

The fact that some people are splashing out on $3000 handbags in the face of a recession doesn’t surprise Philip Corne, a board member for Camilla and Solbari, who was CEO of Louis Vuitton Australia from 2003-2016. “I I saw this developing in a really strong way during the period of the GFC,” he told Inside Retail.

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What the bankruptcy of biotech darling Amyris means for the beauty industry

Inside Retail

However, all these issues can be addressed with intelligent and skilled planning, along with formulating and production processes that can pivot quickly to address the immediate issues,” Widdison said.

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‘Not about products’: The genius of Moncler’s global, digital runway event

Inside Retail

In 2003, Ruffini took over the brand and turned it into the sought-after luxury ski-wear label it is today. To receive billions of views across 30 platforms simultaneously requires immense strategy, planning and execution. As much as it was a fashion show, it was a feat of digital innovation and connection.