Etro has appointed Dolce & Gabbana executive Fabrizio Cardinali as its new chief executive.
Cardinali is expected to start in the role before the end of this year. He most recently served as D&G’s chief operating officer and an executive member of the company’s board. He has also held chief executive roles at Lancel and Dunhill, which are both Richemont-owned brands.
The appointment makes Cardinali the first chief executive to be appointed under Etro’s new owners, LVMH-backed L Catterton. In July this year, L Catterton Europe acquired a majority stake in the company, leaving the Etro family with a minority share.
“I am thrilled by the opportunity to join Etro during such an exciting time for this iconic fashion house,” Cardinali said. “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 offerings and international footprint.”
Founded in Milan in 1968 as a textile company, Etro is widely known for its iconic paisley motif and bold patterns inspired by travel and has a rich heritage of interpreting iconic aesthetic beauty on precious fabrics with a distinctive Italian footprint in terms of both style and craftsmanship. Today, Etro has a presence in approximately 140 retail stores in high-end shopping locations and is a notable fixture among many of the most prestigious luxury department stores and eTailers across the globe.