Ferragamo
On February 3, Salvatore Ferragamo S.p.A. announced that it had reached an agreement with its CEO, Marco Gobbetti, to terminate his employment and board appointment. Gobbetti will step down on March 6, 2025.
Ferragamo appointed Marco Gobbetti, the former CEO of Burberry, in April 2021 to lead the company’s transformation and repositioning.
Leonardo Ferragamo, Chairman of the Board, stated: “I would like to thank Marco Gobbetti for initiating and executing important brand renewal and development initiatives in recent years, driving product innovation and brand positioning, and undertaking key transformation efforts for the company and the group—elements that form the foundation of our renewal strategy.”
The company has launched a selection process for a new CEO as part of its existing succession plan. The chosen candidate will be responsible for advancing the brand’s renewal, strengthening its heritage, and enhancing brand development.
Until a new CEO is appointed, executive powers will be held by Leonardo Ferragamo, who will propose an interim management structure with support from a transitional advisory committee comprising James Ferragamo, Ernesto Greco, and Michele Norsa.
Ferragamo also noted that, under the agreement with Marco Gobbetti, in addition to receiving his fixed salary and compensation until the termination date and retaining certain additional benefits until December 31, 2025, he will receive a severance payment of €4.45 million and an additional €50,000 as a waiver fee within 30 days after the termination of his employment. The waiver includes forfeiting his 2024 bonus, restricted stock, and special incentives granted for the 2022–2026 period.
Phoebe Philo
British fashion designer Phoebe Philo‘s eponymous brand has appointed French designer Bruno Sialelli as Head of Ready-to-Wear Design.
Bruno Sialelli graduated from Paris fashion school Studio Berçot in 2010. He previously served as Head of Menswear Design at Loewe and, before that, worked at Paco Rabanne, Acne Studios, and Balenciaga, focusing primarily on womenswear. His most recent role was as Creative Director of French luxury brand Lanvin from 2019 to April 2023.
In October 2023, Phoebe Philo made her highly anticipated return to the fashion and luxury industry after nearly six years, launching her namesake brand with investment from her former employer, French luxury conglomerate LVMH. The brand initially operated exclusively through its official website and began expanding into physical wholesale channels in spring 2024.
Frette
Italian luxury home textiles brand Frette has appointed Yves Coppin as Chief Commercial Officer (CCO), marking the first time in the brand’s 165-year history that this position has been created.
Yves Coppin graduated from Audencia Business School in Nantes, France, in 1996. After graduation, he worked at Mars Inc. and FWP China.
In 2002, he joined LVMH, initially working in the Asia-Pacific region for Moët Hennessy, where he held roles including Trade Development Manager, Head of Asia, and later Head of the Asia-Pacific region.
In 2012, Coppin transitioned to Berluti, LVMH’s luxury menswear brand, where he spent eight years as General Manager of China, Managing Director of China/APAC, and ultimately President of China/APAC/Japan.
In 2020, he joined CELINE as Managing Director of Greater China/APAC, and in 2022, he moved to American designer brand Tory Burch as President of Europe and the Middle East.
In his new role, Yves Coppin will oversee all commercial strategies for Frette, including direct-to-consumer distribution and e-commerce channels, while accelerating sales growth and fostering innovative partnerships.
In September 2023, a Chinese consortium, Raza Heritage Holdings—led by Ding Shizhong, Chairman of Anta Sports (though unaffiliated with Anta Group)—acquired 100% of Frette’s equity.
In 2023, Frette reported sales of approximately €129 million, with a significant portion of revenue coming from its high-end hospitality business. Last November, CEO Filippo Arnaboldi set a new development goal for the brand: to reach €279 million in sales by 2029.
Ginori 1735
French luxury group Kering has confirmed that Alain Prost, CEO of its Italian porcelain manufacturer Ginori 1735, has stepped down. In the interim, the brand is being managed under the supervision of the board.
Alain Prost was appointed CEO of Ginori 1735 in 2019, with a primary mission to reposition the brand within the luxury home sector and drive its global expansion.
Under his leadership, the brand rebranded from “Richard Ginori” to its current name, modernized its image, expanded its artistic collaborations, and diversified its product portfolio into broader furniture and interior decoration categories.
In November 2023, Ginori 1735 further cemented its presence in the lifestyle sector by opening its first café, Café Ginori, at the St. Regis Florence.
| Sources: Official press release, French website meetandmatch, English website FashionNetwork
| Image Credit: Official brand websites, Alain Prost and Bruno Sialelli’s personal Instagram accounts, Burberry’s official website
| Editor: LeZhi
