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Another Change Hits Italy’s Men’s Brands as Corneliani CEO Exits

MILAN — Marking yet another change within Italy’s men’s wear industry, Corneliani SpA chief executive officer Paolo Roviera has exited the storied company and has been succeeded by Luigi Ferrando.
In a brief statement, the Mantua-based firm said it “confirms the development goals of the Corneliani brand, in line with the strategies outlined in 2016.” The date refers to the acquisition by Bahrain-based Investcorp of a majority stake in Corneliani in June that year and signaling the fund’s increasing focus on luxury. The deal was meant at the time to be preparatory to an initial public offering, which has not taken place, and also overcome succession plans.
Ferrando joins Corneliani, known for its sleek tailoring and high-end quality products, from a different sector, as he leverages experience in furniture. His curriculum lists managerial positions at Unopiù and Arquati as well as lighting firms Targetti and Louis Poulsen.
Roviera arrived at Corneliani in September 2016, tasked with the expansion of the brand globally. He was previously ceo of Pal Zileri, controlled by Qatar-based Mayhoola.
Carlalberto Corneliani, who founded the company in 1958 with his late brother Claudio, was succeeded by Investcorp’s Hazem Ben-Gacem as chairman of Corneliani.
Investcorp, a leading provider and manager of alternative investment products, controls the Danish

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Via:: https://wwd.com/menswear-news/mens-designer-luxury/another-change-hits-italys-mens-brands-as-corneliani-ceo-exits-1202912763/