Robert Triefus Appointed Stone Island CEO
Longtime Gucci government Robert Triefus has been named government of Sports wear Corporate S.p.A., which develops, produces and distributes cult favorite Italian label Stone Island. Stone Island’s guardian corporate Moncler Team introduced the progress in its first quarter profits record. Triefus will get started within the function 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 progress comes at a hour of transition for Stone Island. Since Moncler Team finished its €1.15 billion ($1.4 billion) acquisition of the emblem in February 2021, it has cut back on Stone Island’s wholesale distribution, opened extra shops and varied its product collection with an funding in sneakers. In Would possibly 2022, Moncler mentioned it was once concentrated on 100 Stone Island places by means of the tip of 2024, up from simply 30 on the hour 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,” mentioned Remo Ruffini, Moncler Team’s chairman and government in a observation.
Triefus helped outline Gucci’s logo and business plan in numerous roles since 2008, together with all over the emblem’s revamp beneath inventive director Alessandro Michele starting in 2015. Terminating fall, he was once named the CEO of Gucci’s store and metaverse ventures and was once tasked with the emblem’s web3 and gaming efforts, spearheading its importance of NFTs and settingup 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 % to €726.4 million from €589.9 million, beating analyst estimates of €689 million. Stone Island noticed income up 5 % to €121.6 million with DTC enlargement of 40 %, pushed by means of the EMEA pocket. Moncler logo income rose 28 %, emerging 32 % in Asia over 2022, presen within the Americas they greater by means of 9 %.