Balmain has tapped Givenchy executive Matteo Sgarbossa as its next CEO.
WWD was the first to report on March 18 that Jean-Jacques Guével was stepping down from the CEO role after four years “to pursue other interests.”,” said Balmain chairman Rachid Mohamed Rachid, who is also CEO of Balmain parent Mayhoola. “Matteo’s strong leadership skills and extensive experience in the fashion and luxury goods industry at senior levels make him the ideal person to lead Balmain.
“Balmain has been synonymous with creativity and innovation since its founding in 1945,” Sgarbossa said in the statement. “I am beyond excited to continue building on this singular legacy. I express my sincere gratitude to Mr. Rachid and Mayhoola for entrusting me to guide the house into its next successful chapter.”
He is to partner with Rousteing, Balmain’s creative director since 2011, to take the company to the next level, further reinforcing its reputation for sophisticated ready-to-wear with couture-calibre craftsmanship, and exceptional customer experiences.It is understood Mayhoola is convinced the brand’s potential is much bigger that its current size would suggest, and can grow further without taking shortcuts that might harm its reputation for special products and experiences.
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