Sources: Gabriele Maggio Expected to Helm Twinset

MILAN — A caller main enforcement serviceman is expected astatine Italian manner marque Twinset.

Market sources accidental Gabriele Maggio, astir precocious CEO of Elisabetta Franchi, is joining Twinset, succeeding Alessandro Varisco. This follows the acquisition successful June of 100 percent of the institution by Borletti Group and Quadrivio & Pambianco, done the backstage equity conveyance Made successful Italy Fund II, from The Carlyle Group.

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Varisco joined Twinset successful 2015 from Moschino, wherever helium had led the marque since 2009. Before Moschino, helium served arsenic managing manager astatine Roberta di Camerino for 2 years and, anterior to that, arsenic income and selling manager astatine Gianfranco Ferrè from 2003 to 2008.

Maggio joined Elisabetta Franchi successful February 2024 and near successful October. His vocation successful manner spans much than 25 years, arsenic helium was antecedently president and CEO of Stella McCartney, which he exited successful December 2023,  after 4 years astatine the helm of the brand. Prior to McCartney, Maggio was wide manager of Moschino. He antecedently held respective elder enforcement and board-level positions astatine both Gucci and Bottega Veneta. His program besides includes experiences astatine Giorgio Armani and Prada.

Maggio’s departure from Elisabetta Franchi comes connected the heels of Marco Bizzarri’s divestiture of his involvement successful the institution successful July and his ain exit, resigning arsenic president astatine the extremity of September, arsenic reported.

Twinset was founded arsenic a knitwear specialist, and has expanded into women’s full look collections, besides holding manner shows successful Milan. Over the past fewer years, it has reached retired to a younger generation, tapping the likes of Emily Ratajkowski, Georgia May Jagger and Suki Waterhouse for its communication.

Positioned successful the affordable luxury marketplace range, Twinset successful 2024 reported revenues of much than 200 cardinal euros, and net earlier interest, taxes, depreciation and amortization of much than 30 cardinal euros.

In May, Borletti Group bought a number involvement successful denim, sportswear and accessories marque True Religion. It has much than 2 decades of acquisition investing successful premium and manner brands ranging from Printemps and Rinascente to MooRER and Zimmermann.

Made successful Italy Fund II’s investments person ranged from sneaker brand Autry and Filippo De Laurentiis, specialized successful high-end knitwear, to French marque Sessùn.