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Italy's Geox to name top Gucci executive as new CEO

Business Finance

Reuters  |  MILAN 

MILAN (Reuters) - Italian shoemaker Geox said on Thursday it was set to appoint senior Gucci manager Matteo Mascazzini as its new chief executive from next month, replacing Gregorio Borgo.Mascazzini, 48, is currently the chief operating officer of Gucci America. He joined the Italian brand which is owned by French luxury goods group Kering back in 2007, arriving from rival Giorgio Armani.Geox, famous for patenting shoes with breathable soles, reported sales of 884.5 million euros ($1.1 billion) last year, down 1.8 percent compared with 2016, hit by a downsizing of its network of shops.The ...

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First Published: Fri, January 19 2018. 00:06 IST