Trussardi names new CEO after switch of hands to QuattroR Fund
The Italian group has named Maela Mandelli as new CEO, former managing director of PVH in Netherlands, Greece, Middle East and Africa.
Trussardi restructures helm. The Italian group has modified its team with the sign of a new CEO. Maela Mandelli joins the company five months after its switch of hands to QuattroR Fund, specialized in restructuring and relaunching Italians SMEs experiencing temporary financial difficulties.
Mandelli counts with a long trajectory linked to the fashion sector. The executive was the sales director of Nike in Middle East and Africa for ten years. After she joined Diesel, where she was global sales director.
After, Mandelli started working for the American giant PVH, owner of brands like Calvin Klein and Tommy Hilfiger, where she was managing director for Netherlands, Greece, Middle East and Africa, up until now.
Trussardi received 50 million euros (55 million dollars) after the acquisition
In its new position, Mandelli will work with the also new COO, Giuseppe Pinto, named at the beginning of March, with the goal of speeding the international strategy of the group.
After four months of negotiation, Trussardi’s 60% is now controlled by QuattroR Fund, the resting 40% continues in the hands of the founding family. After the operation, the company received 50 million euros (55 million dollars) with the goal of strengthening the assets and financial position.
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