• Linkdin
Coats Webinar
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

CEO of Roberto Cavalli to quit by 2020 end

21 Sep '20
1 min read
Pic: Roberto Cavalli Blog
Pic: Roberto Cavalli Blog

Roberto Cavalli chief executive officer (CEO) Gian Giacomo Ferraris will quit by this year end. While announcing his departure through a letter, Ferraris told his team that the satisfaction of working with a good team was diluted by the sadness of failing to achieve the desired results as the management could not manage to secure the financial resources needed.

In the letter, he mentioned “In spite of my strenuous and steady commitment, we.”

One of the company’s offices outside Florence was shut down, rendering over 100 of the 170 employees there jobless. The company had to face financial restructuring and overcame the crisis gradually before pandemic ruined its growth plans, according to European media reports.

Ferraris had joined Roberto Cavalli from Versace in 2016 after taking over from Roberto Semerari.

Fibre2Fashion News Desk (DS)

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search