Giovanni Morelli has joined the design team of the Italian luxury group, owned by Mayhoola for Investments. Valentino ended fiscal 2017 with a turnover of 1.16 billion euros, a 5% increase over the previous year.
Founded in 2010, Lamoda belongs to Global Fashion Group, the business division where Rocket Internet puts together its ecommerce platforms for emerging markets. The company operates in the Commonwealth of Independent States (CIS).
The executive board of the German group, owner of the Nivea and Eucerin brands, will be leaded by Stefan De Loecker, who will also assume the CEO role becoming effective in January 2019.
The Dutch fashion company has announced the exit of Bart Brenninkmeijer, Frank Beeck, Andreas Seitz and Manfred Mandel. Only Brenninkmeijer, a member of the founding family, will remain attached to the group, keeping a seat in the board of directors.
All economic news of the key fashion companies worldwide.