Giorgio Armani's deputy managing director, Giuseppe Marsocci, is set to be appointed chief executive of the Italian fashion house, a source said on Thursday, confirming a local media report.
The appointment will be approved by a board meeting to be held later on Thursday, the source added.
Marsocci, who has been at the company for 23 years, most recently as Global Chief Commercial Officer for the last six years, steps into the role previously held by founder Giorgio Armani, who died in September.
Armani kept a tight grip on the fashion empire he set up 50 years ago, but a new structure is emerging for its next phase.
Marsocci will oversee the planned sale of a 15% stake, with priority to be given to luxury conglomerate LVMH, beauty heavyweight L'Oreal, eyewear leader EssilorLuxottica or another group of "equal standing", as outlined in Armani’s will.
"His international professional experience, deep knowledge of the sector and the company, discretion, loyalty, and team spirit, together with his closeness to Mr. Armani in recent years, make Giuseppe the most natural choice to ensure continuity with the path outlined by the founder", said Armani's partner and head of men's design Pantaleo Dell'Orco, who has taken on the role of company's chairman.
Dell'Orco has also recently been appointed to chair the Giorgio Armani Foundation which controls 30% of the voting rights of his business empire. Dell'Orco already controls 40% of the luxury group's voting rights.
The appointment of Marsocci, 61, was unanimously proposed by the Giorgio Armani Foundation, the luxury group said.
Giorgio Armani's niece Silvana, head of women's style, will be appointed as Vice President, according to the statement.
Russian forces launched what Ukrainian officials described as the most intense wave of missile attacks so far this year on Ukraine’s two largest cit...
Finland and Sweden have called for tougher economic measures against Russia, proposing higher import duties, export restrictions, and an European Unio...
Finance ministers from the G7 and other major economies met in Washington on Monday (12 January) to discuss ways to reduce dependence on rare earths f...
NATO member countries are discussing the next steps to collectively keep the Arctic safe, alliance chief Mark Rutte said on Monday (12 January), the l...
The U.S. has issued an urgent security notice calling all American citizens to leave Iran immediately, citing escalating protests, growing violence an...
Russian forces launched what Ukrainian officials described as the most intense wave of missile attacks so far this year on Ukraine’s two largest cities early on Tuesday, killing at least four people in the northeastern city of Kharkiv.
Finland and Sweden have called for tougher economic measures against Russia, proposing higher import duties, export restrictions, and an European Union ban on Russian energy shipments.
Finance ministers from the G7 and other major economies met in Washington on Monday (12 January) to discuss ways to reduce dependence on rare earths from China, including setting a price floor and new partnerships to build up alternative supplies, ministers said.
NATO member countries are discussing the next steps to collectively keep the Arctic safe, alliance chief Mark Rutte said on Monday (12 January), the latest sign of work among allies to satisfy U.S. President Donald Trump, who says he wants to take over Greenland.
Real Madrid have parted ways with coach Xabi Alonso, appointing former defender Álvaro Arbeloa as his replacement.
Timothée Chalamet won the Golden Globe for best male actor in a musical or comedy on Sunday for his role in Marty Supreme, beating strong competition in one of the night’s most closely watched categories.
Hawaii’s Kīlauea volcano is showing increased activity, with lava flowing from two summit craters and flames, smoke and ash rising from the caldera.
Bob Weir, the rhythm guitarist, songwriter and co-founder of the Grateful Dead, has died at the age of 78, his family has said.
Israel has sharply escalated its warnings to Lebanon amid rising regional tensions linked to Iran, according to a report by the Lebanese newspaper Nida Al Watan.
U.S. oil major Chevron and private equity firm Quantum Capital Group are reportedly preparing a joint bid to acquire Lukoil’s international assets, as the sanctioned Russian energy company seeks to divest its overseas operations.
The U.S. dollar's share of global reserves fell to nearly 40% at the end of 2025, according to the International Monetary Fund (IMF), which says it's 10% lower than at the start of 2024. However, gold has risen and overtaken the dollar to be above 50% in global reserves according to the IMF data.
The U.S. dollar has strengthened against major peers on Tuesday, while the euro fell following slower-than-expected inflation in Europe. Market movements were relatively subdued as investors focused on upcoming U.S. economic data.
Wall Street closed higher on Tuesday, boosted by optimism over artificial intelligence (AI) and a strong rally in Moderna shares, with the Dow Jones Industrial Average approaching a record high.
India’s largest oil refiner, Indian Oil Corporation (IOC), has taken a significant step towards diversifying its crude oil supply by purchasing Colombian crude, from state oil company Ecopetrol, for the first time.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment