Italy's Diesel appoints Balmain's Massimo Piombini as CEO

This post was originally published on this site
© Reuters. Italy's Diesel appoints Balmain's Massimo Piombini as CEO© Reuters. Italy’s Diesel appoints Balmain’s Massimo Piombini as CEO

MILAN (Reuters) – Italian fashion group OTB said on Monday it appointed Balmain’s former CEO Massimo Piombini at the helm of its flagship brand Diesel, starting from February.

OTB – Only The Brave – owns a string of street and high-end European labels including Maison Margiela, Marni and Paula Cademartori. Diesel is its biggest brand and was set up over 40 years ago by OTB’s founder Renzo Rosso.

Piombini was CEO of France’s Balmain for almost three years. He was previously Commercial Director for Italian maison Valentino and worked for high-end Swiss leather goods brand Bally, jeweler Bulgari and fashion label Gucci.

He will replace Marco Agnolin.

“Diesel is a unique brand… and a company that I recently took back to its roots, (it) is already giving very positive results. I wish Massimo fuels its engine and takes it where it deserves to be”, Rosso said in a statement.

OTB sales fell to 1.4 billion euros last year, weighed down by Diesel’s weak performance in Europe and North America.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add Comment