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Ferraris, an engineer who also worked for Italian luxury groups
Gucci and Prada, radically turned around Versace in his seven
years at the company, increasing revenue and cutting debt and
bringing it back to profit only two years after being appointed.
"The profound knowledge of the sector and the important
professional experiences of Gian Giacomo Ferraris will allow
Roberto Cavalli to consolidate the path of relaunch that is at
the base of the company's development plans," Cavalli said in a
statement.
Italian private equity Clessidra took over Cavalli in April last
year and is seeking to revamp the Florentine label famous for
its animal prints.
Cavalli said that Chairman Francesco Trapani would leave the
company in the second half of August, following his departure
from Clessidra.
Versace had replaced Ferraris at the helm of the company with
Alexander McQueen's Jonathan Akeroyd in May, without giving a
reason.
(Reporting by Giulia Segreti, editing by Valentina Za)
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