Latest news with #Wolford
Yahoo
17-07-2025
- Business
- Yahoo
Wolford Appoints Deputy CEO, Completes Capital Increase
MILAN — Wolford AG has appointed Marco Pozzo its deputy chief executive officer. At the same time, on Wednesday the luxury skinwear brand stated it has successfully completed a capital increase of 25 million euros, 'reinforcing the company's financial foundation to accelerate its strategic transformation.' More from WWD WWD Toasts Milan Men's Fashion Week With Cocktail Reception, Global Impact Council Dinner Pitti Uomo Protagonists Show Summer Chic for Spring 2026 Caruso: Playful Elegance, Suits, Authenticity Are Here to Stay The transaction, carried out via rights issue, resulted in the issuance of more than 5 million new shares at a subscription price of 4.80 euros per share, increasing the company's share capital to more than 71.4 million euros. This capital raise 'reflected the confidence of parent Lanvin Goup and other key investors in Wolford's vision and execution,' stated Wolford. Pozzo has previously worked in leading design and luxury brands ranging from Ermenegildo Zegna and Alessi, to FontanaArte and Driade, holding executive roles internationally — from Mexico to Greater China — spearheading major retail and organizational expansions, as well as the digital transformation and the omnichannel strategy of the brands. Regis Rimbert succeeded Silvia Azzali as the CEO of Wolford in the summer of 2024, but he left after only six months, as reported in January. This was a return to Wolford for Rimbert as he held senior management positions from 2009 to 2013 at the Austrian hosiery and innerwear company, driving its omnichannel transformation. Since Rimbert's exit there has been no CEO at the helm of Wolford. Azzali had set in motion a reorganization of the company, planning its expansion and inking a string of collaborations with brands ranging from No. 21, Jonathan Simkhai and Mugler to Adidas, Alberta Ferretti and Etro, among others, on collections that included jumpsuits or bodysuits in addition to hosiery. In February 2023, Nao Takekoshi was named artistic director. On her tours, Beyoncé has been seen wearing Wolford tights and bodysuits and her dancers, during the Cowboy Carter tour, wore matching denim chaps with Wolford x Etro paisley tattoo bodysuits. Wolford marks its 75th anniversary this year as it was established in 1950 near the shores of Lake Constance in the city of Bregenz. Since 2018, it has been part of the Lanvin Group — then called Fosun. Lanvin Group is publicly listed in New York, while Wolford is traded on the Vienna Stock Exchange. As reported in April, Lanvin Group revenues fell 23 percent to 329 million euros last year. Losses widened to 189.3 million euros from 146.3 million euros a year earlier. Adjusted losses before interest, taxes, depreciation and amortization widened to $92.3 million from $64.2 million. Some of that represented organizational and operational changes at the company, which also owns Lanvin, St. John, Sergio Rossi and Caruso. David Chan, executive president and chief financial officer of Lanvin Group, said on a conference call at the time that those adjusted losses included 14 million euros to 18 million euros to integrate Wolford's of WWD EXCLUSIVE: Maje Names Charlotte Tasset Ferrec CEO Nadja Swarovski Exits Family Company Amid Ongoing Corporate Shakeup Aeffe MD Exits Fashion Group
Fashion Network
08-07-2025
- Business
- Fashion Network
Wolford names Marco Pozzo deputy CEO
Pozzo's appointment is part of an overhaul of Wolford's top management team. The Austrian brand was bought by international luxury conglomerate Lanvin Group in 2018. Régis Rimbert, who replaced Silvia Azzali as CEO in June last year, resigned after only six months in the job. Global CFO Andrea Rossi is currently the acting CEO, on an interim basis. In fiscal 2024, Wolford recorded a 30% revenue shortfall, dropping down to €88.37 million and posting losses of over €51 million. The brand is distributed in 45 countries via 163 monobrand stores and 1,100 multibrand retailers. At the end of June, Wolford announced a new share capital increase, designed to boost the company's liquidity. The operation is set to be completed by Q1 2026. FN with Dpa
Fashion Network
07-07-2025
- Business
- Fashion Network
Wolford names Marco Pozzo deputy CEO
Pozzo's appointment is part of an overhaul of Wolford's top management team. The Austrian brand was bought by international luxury conglomerate Lanvin Group in 2018. Régis Rimbert, who replaced Silvia Azzali as CEO in June last year, resigned after only six months in the job. Global CFO Andrea Rossi is currently the acting CEO, on an interim basis. In fiscal 2024, Wolford recorded a 30% revenue shortfall, dropping down to €88.37 million and posting losses of over €51 million. The brand is distributed in 45 countries via 163 monobrand stores and 1,100 multibrand retailers. At the end of June, Wolford announced a new share capital increase, designed to boost the company's liquidity. The operation is set to be completed by Q1 2026. FN with Dpa
Fashion Network
07-07-2025
- Business
- Fashion Network
Wolford names Marco Pozzo deputy CEO
Wolford has strengthened its senior executive team by appointing Marco Pozzo as deputy CEO. The supervisory board of the Austrian luxury skinwear brand has also made Pozzo a member of Wolford's board of directors. Pozzo's appointment is part of an overhaul of Wolford's top management team. The Austrian brand was bought by international luxury conglomerate Lanvin Group in 2018. Régis Rimbert, who replaced Silvia Azzali as CEO in June last year, resigned after only six months in the job. Global CFO Andrea Rossi is currently the acting CEO, on an interim basis. In fiscal 2024, Wolford recorded a 30% revenue shortfall, dropping down to €88.37 million and posting losses of over €51 million. The brand is distributed in 45 countries via 163 monobrand stores and 1,100 multibrand retailers. At the end of June, Wolford announced a new share capital increase, designed to boost the company's liquidity. The operation is set to be completed by Q1 2026. FN with Dpa
Fashion United
04-07-2025
- Business
- Fashion United
Wolford appoints Marco Pozzo as deputy CEO
Wolford AG's supervisory board has appointed Marco Pozzo as deputy CEO. The Austrian apparel supplier announced on Friday that Pozzo will join the management board, effective July 7. The role has a three-year term. Wolford is still searching for a new chief executive officer after former brand chief Regis Rimbert left in January after only six months. Chief financial officer and interim general manager Andrea Rossi has been in charge of Wolford since then. In addition to Pozzo, the Wolford management board consists of chief operating officer Ralf Polito, whose mandate was extended until the end of the year in April, and Domenico Giordano, global director of HR. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
