Latest news with #GianfrancoD'Attis
Asharq Al-Awsat
5 hours ago
- Business
- Asharq Al-Awsat
Prada's Brand CEO Gianfranco D'Attis to Quit
Prada's brand CEO Gianfranco D'Attis will leave the Italian luxury firm at the end of the month by "mutual agreement", Prada said on Sunday. Prada Group's CEO Andrea Guerra will take on the role of brand CEO on an interim basis, the company told Reuters. The news was first reported by fashion trade publication WWD. Luxury fashion has seen several changes in senior leadership and creative directors. Luxury goods giant Kering, which owns Gucci, last week named Renault boss Luca de Meo as its new CEO, replacing Francois-Henri Pinault, who has led the heavily indebted family firm since 2005. Top luxury houses are also betting on a new design direction to help rekindle interest from shoppers, who have pulled back on fashion as prices rise. Earlier in June, LVMH-owned Dior appointed its menswear designer, Jonathan Anderson, to also head womenswear designs and haute couture, replacing Maria Grazia Chiuri. Kering in May appointed former Valentino designer Pierpaolo Piccioli as creative director of Balenciaga, replacing Demna, who was taking up the chief design job at Gucci. Designer changes have also taken place at Chanel, Versace, Valentino and LVMH-owned Celine among others.
Time of India
10 hours ago
- Business
- Time of India
Prada's brand CEO Gianfranco D'Attis to quit
Prada's brand CEO Gianfranco D'Attis will leave the Italian luxury firm at the end of the month by "mutual agreement", Prada said on Sunday. Prada Group's CEO Andrea Guerra will take on the role of brand CEO on an interim basis, the company told Reuters. The news was first reported by fashion trade publication WWD. Luxury fashion has seen several changes in senior leadership and creative directors. Luxury goods giant Kering , which owns Gucci, last week named Renault boss Luca de Meo as its new CEO, replacing Francois-Henri Pinault, who has led the heavily indebted family firm since 2005. Top luxury houses are also betting on a new design direction to help rekindle interest from shoppers, who have pulled back on fashion as prices rise. Earlier in June, LVMH-owned Dior appointed its menswear designer, Jonathan Anderson, to also head womenswear designs and haute couture, replacing Maria Grazia Chiuri. Kering in May appointed former Valentino designer Pierpaolo Piccioli as creative director of Balenciaga, replacing Demna, who was taking up the chief design job at Gucci. Designer changes have also taken place at Chanel, Versace, Valentino and LVMH-owned Celine among others.
Fashion United
14 hours ago
- Business
- Fashion United
Prada CEO Gianfranco D'Attis steps down
Rome – Gianfranco D'Attis, chief executive officer of Italian luxury label Prada, stepped down from his role on June 30, the group confirmed to AFP on Sunday, following a report by specialist media outlet WWD. The role of chief executive officer was assumed on an interim basis by Prada Group chief executive officer, Andrea Guerra. According to the US publication Women's Wear Daily (WWD), "disagreements over strategy" led to D'Attis' departure. This announcement came during Milan Men's Fashion Week, hours after a Prada show. Prada accounted for 68 percent of the group's turnover in the first quarter. However, unlike the younger brand Miu Miu (31 percent of the group's turnover), Prada saw a slight decline in sales in the first quarter (-0.2 percent). The Prada Group, whose sales increased by 12.5 percent year-over-year in the first quarter, announced in early April the acquisition of rival Versace by the US group Capri Holdings for 1.25 billion euros. The merger of the two legendary Italian fashion houses created a group capable of competing with industry giants, such as French groups LVMH and Kering.(AFP) This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
Express Tribune
a day ago
- Business
- Express Tribune
Prada CEO Gianfranco D'Attis to step down at end of June
Italian luxury fashion house Prada SpA has announced that CEO Gianfranco D'Attis will leave the company at the end of June. According to a company statement shared with Reuters, the decision was made by mutual agreement. In the interim, Prada Group CEO Andrea Guerra will assume the role of acting CEO until a permanent replacement is named. The news was initially reported by WWD, a well-known fashion industry publication. D'Attis' departure marks a significant leadership change for the Milan-based brand, which has been expanding its global footprint and reinforcing its presence in key markets such as the U.S. and Asia. Prada did not disclose further details about the reasons behind the transition. The change in leadership comes at a time when European luxury fashion labels are facing challenges tied to shifting global demand and evolving trade dynamics. Earlier this year, discussions around potential tariffs on EU goods, including fashion, intensified following comments from U.S. political figures. D'Attis, who had been with Prada since 2023, oversaw several initiatives tied to retail innovation and international growth. His exit adds to the list of recent executive shakeups within the high-end fashion industry. Prada (1913.F) closed trading slightly higher on Friday, but markets may react to the news in the coming week.
