Discussion: The Impact of Coronavirus on Global Luxury Markets
About this Event
The luxury market is expected to take a €40bn hit due to the coronavirus outbreak. How will this disruption affect the global fashion and luxury goods industry going forward? Join us for an intimate discussion with expert Francesco Giannaccari to discuss the future of global supply chains and luxury's reliance on the Chinese consumer.
In 1997, Mr. Giannaccari started his career at Gucci as CFO Europe, and 3 years later was promoted to Executive Vice President of the newly acquired fashion and luxury brand Bottega Veneta; in an upward trajectory, under Francesco’s leadership, Bottega Veneta grew from Euro 30m to Euro 100m in 2004. In 2005, Francesco joined the US fashion company Abercrombie & Fitch as President of International Operations to manage its expansion from a US-only to a Global fashion brand (he personally supervised the launch of the London, Milan and Tokyo Ginza flagship stores).
In late 2007 he was called by Mr De Sole (CEO) and Mr Tom Ford (the previous Creative Director of Gucci) to manage the international launch of the Tom Ford luxury brand startup. Under Francesco’s supervision, Tom Ford International opened more than 100 points of sale (franchisees, directly operated stores and shop in shops) globally. As VP of Tom Ford International and CEO of Pelletteria Artigiana, he built the management team, started the Women RTW business, and set up the Swiss trading operations. In 2014 he left Tom Ford International to become General Manager of Etro, the well established Milanese family-owned fashion business, the first to join the Board as a nonfamily member.
In 2017, Francesco became a consultant of Itochu, the Japanese trading conglomerate, and the CEO of Anya Hindmarch, the British leather goods house, a private company owned by Mayhoola, the fashion arm of the Qatar Investment Authority. Beginning May 2018, he became Managing Director of ABG Advisory, a US broker dealer specialized in fashion and luxury M&A, capital funding and strategic and financial advisory, and has started his own consulting firm Effegi Ltd which specializes in strategic and business consulting and M&A advisory in the Consumer space.
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