Companies

Etro nominates new CEO

Sep 20, 2021 Italy

The Italian-based fashion house has announced that Fabrizio Cardinali will take on the role of Chief Executive Officer, effective fourth quarter of 2021. Cardinali is the first CEO appointed under the new owners of Etro, L Catterton

Cardinali joins Etro from Dolce & Gabbana, where he held several roles in the past years. Most recently, he served as Chief Operating Officer and has been an Executive Member of the Board since June 2017. His time at Dolce & Gabbana was intercalated with five years at Richemont-owned brands, like Lancel and Dunhill, where he also occupied Chief Executive positions. He is expected to work closely with both L Catterton, the private equity firm that acquired a majority stake in the company, and the Etro Family, which still holds a minority position in the company.

“I am thrilled by the opportunity to join Etro during such an exciting time for this iconic fashion house. I have long admired the Company’s heritage and its distinctive Italian style and craftsmanship, and I look forward to working closely with L Catterton, the Etro family, and the entire leadership team to capitalize on a number of exciting opportunities to grow the customer base and expand our category offering and international footprint”, commented Fabrizio Cardinali.

Luigi Feola, Managing Partner and Head of Europe at L Catterton, stated his confidence in the newly appointed CEO: “having established himself as an unparalleled leader in luxury fashion with incredible vision and creative energy, his depth of expertise and operational acumen make him well-suited to drive this new chapter of growth as we look to build on Etro’s incredible legacy around the world”.

Etro’s Founder and Chairman, Gerolamo Etro, has also welcomed Cardinali into the fashion house, “convinced that his vision and knowledge of the business will strongly contribute to enhance Etro’s future growth and strengthen its positioning as a leading fashion brand in the global luxury scene”.

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