Former Gucci CEO Bizzarri Sets Up Investment Company

Former Gucci govt Marco Bizzarri has arrange a brand new funding firm after just lately leaving the Kering-owned model, paperwork seen by Reuters on Tuesday confirmed.

After taking the helm at Gucci in 2015, he went on to nominate Alessandro Michele because the label’s chief designer and helped the Florentine home’s gross sales greater than double to succeed in 9.6 billion euros ($10 billion) in 2019, earlier than the COVID-19 pandemic hit.

Bizzarri left Gucci final September a couple of months after Michele’s departure as Kering battles slowing income at its former revenue engine.

Bizzarri’s new firm Nessifashion, arrange in Rome in February, goals to put money into different firms and provide strategic recommendation to these firms, amongst different potential targets, the paperwork filed with the Italian Chamber of Commerce confirmed.

Contacted by Reuters, Bizzarri declined to remark.

He’s the only real administrator of Nessifashion and holds it by means of his Nessi SRL, a holding firm which already owns stakes in actual property firms and eating places.

By Elisa Anzolin; Enhancing by Valentina Za and Susan Fenton

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