Roberto Cavalli names new CEO

02/08/2016
Luxury brand Roberto Cavalli has named former Versace head Gian Giacomo Ferraris as its new CEO. He replaces Renato Semerari, who had already confirmed he was leaving the company.

The change forms part of a planned relaunch of the brand following the takeover by Italian private equity firm Clessidra in April 2015.

"The profound knowledge of the sector and the important professional experiences of Gian Giacomo Ferraris will allow Roberto Cavalli to consolidate the path of relaunch that is at the base of the company's development plans," Cavalli said.

Mr Ferraris has previously worked at Italian luxury groups Gucci and Prada, as well as a successful seven-year stint at Versace, where he was credited with a turnaround in the company’s financial performance. He was unexpectedly replaced at the helm of Versace in May by Jonathan Akeroyd, former CEO of Alexander McQueen.