Federico Marchetti, the founder of Yoox and president and CEO of Ynap, who joined the board of directors of Giorgio Armani. From today, in fact, Marchetti independent non-executive director. This was announced by a note from the Milanese maison, of two simple lines in which the reason for the entrance is not explained. Which, however, is relevant since the first time a person outside the Armani group joins the board: so far only members of the family or senior managers of the group have been part of the board. Another sign of how the Covid crisis is changing the Italian fashion and luxury sector.
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The composition of the Armani board
Currently the Board of Directors of Giorgio Armani spa composed of the same founder, who is president and CEO, the historic collaborator Leo Dell’Orco, the sister of the stylist Rosanna and the grandchildren Silvana and Roberta Armani and Andrea Camerana.
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Marchetti: excited to join the Armani Council
In an Instagram post Marchetti said he was enthusiastic. Over the years Giorgio Armani has promoted quality and craftsmanship in the fashion industry, preferring style over trends. an excellence of Made in Italy, not only for its garments but also for the management of its activity, in fact one of the very few designers whose company remains private and independent. And again: Giorgio Armani has always been a visionary. I experienced it 20 years ago, when he was among the first to recognize the potential of online luxury, he trusted me and had the courage to present his wonderful garments on @Yoox and subsequently on Armani.com and @MrPorterLive. This year, during the Covid crisis, he demonstrated his generous and sudden response and his vision to Italy and the world: long before anyone else, he launched a powerful manifesto on the future of the fashion industry through a letter open to wwd (American newspaper specialized in the sector, ed), which ended: United we will do it. Today I am honored to join Giorgio Armani and his board of directors and I am looking forward to achieving great results together in the future. Marchetti had announced that he would leave the position of CEO of Ynap (now owned by the Richemont group) to remain president, but the search for a new CEO was then frozen.
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Giorgia Armani spa, the corporate structures
99.9% of Giorgio Armani belongs to the stylist-founder and 0.10% to the Giorgio Armani Foundation, or the instrument chosen by Armani to ensure his success in the company, as well as for the continuation of philanthropy activities . Two days ago the designer had been awarded the 2020 Wall Award for excellence in economics.
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