Robert Triefus Appointed Stone Island CEO
Longtime Gucci government Robert Triefus has been named eminent government of Sports wear Corporate S.p.A., which develops, produces and distributes cult favorite Italian label Stone Island. Stone Island’s mum or dad corporate Moncler Team introduced the walk in its first quarter profits document. Triefus will get started within the position on June 1 and report back to Sports wear Corporate S.p.A’s board of administrators, which is chaired by creative director Carlo Rivetti.
The walk comes at a day of transition for Stone Island. Since Moncler Team finished its €1.15 billion ($1.4 billion) acquisition of the logo in February 2021, it has cut back on Stone Island’s wholesale distribution, opened extra retail outlets and diverse its product collection with an funding in sneakers. In Might 2022, Moncler stated it was once focused on 100 Stone Island places via the tip of 2024, up from simply 30 on the day of the transaction.
“After a first phase during which the company has taken direct control of its most important markets while developing a strong direct-to-consumer culture, Robert will now be instrumental in driving the strategic development and resonance of the Stone Island brand worldwide, always capitalising on its unique roots,” stated Remo Ruffini, Moncler Team’s chairman and eminent government in a commentary.
Triefus helped outline Gucci’s logo and business plan in numerous roles since 2008, together with all over the logo’s revamp below ingenious director Alessandro Michele starting in 2015. Latter fall, he was once named the CEO of Gucci’s storagefacility and metaverse ventures and was once tasked with the logo’s web3 and gaming efforts, spearheading its utility of NFTs and inauguration of reviews on gaming platforms like Sandbox and Roblox. Triefus announced his departure from Gucci on April 14.
Within the first quarter of 2023, ended March 31, Moncler Team revenues rose 23 p.c to €726.4 million from €589.9 million, beating analyst estimates of €689 million. Stone Island noticed earnings up 5 p.c to €121.6 million with DTC enlargement of 40 p.c, pushed via the EMEA patch. Moncler logo earnings rose 28 p.c, emerging 32 p.c in Asia over 2022, presen within the Americas they larger via 9 p.c.