First change in the Buccellati house. This is the arrival of Thierry Andretta, the new CEO who was chosen by the Clessidra fund to lead the maison. Frenchman from Toulouse, 56 years old, with a strong CV in fashion, Andretta left the leadership of Lanvin two months ago where he had landed in 2009 after two years as CEO of Moschino (Aeffe group) and a past at Céline (Lvmh), Ungaro and Gucci . The partnership with the Parisian fashion house ended in April, reportedly due to disagreements with Mrs Show-Lan Wang, a Singaporean billionaire who owns the brand. The manager of Italian origin will now deal with jewelery with co-optation and delegations on the board of Buccellati holding, the jewelery maison where Claudio Sposito’s fund has entered with 67% alongside the third generation of jewelers Andrea, Maria Cristina, Gino, Lucrezia and Luca Buccellati. Andretta, an experienced manager with a focus on retail and accessories, will have the task of developing the stores abroad while responsibility for style and product will be held by president Andrea Buccellati, son of the elderly patriarch Gianmaria, 83 years old, honorary president . Andretta will also have a block of shares: he has been reserved a portion of the recapitalization equal to 1.5% plus a stock option on a further 2%.
