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Furla appoints Alberto Camerlengo as Group CEO

Alberto Camerlengo Furla CEO luxury - Retail in Asia

Italian luxury brand Furla has appointed Alberto Camerlengo as its new Group CEO.

Camerlengo fills the void left by Eraldo Poletto, who departed Furla last year to become CEO at fellow Italian luxury goods company Salvatore Ferragamo.

Furla’s new CEO joined the organisation as General Manager in 2011, and has been credited with contributing to the business’s growth and brand awareness “thanks to his strong strategic vision”.

“We trust Alberto will continue to pursue the group’s future projects with commitment and passion”

The 52-year-old Camerlengo graduated in Economics at the Bocconi University of Milan, and has significant retail experience. From 1999-2004 he was Chief Operating Officer at Fossil Italy and from 2004-2011 he was CEO of Brooks Brothers Europe.

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Furla Group President Giovanna Furlanetto commented: “The appointment of Alberto Camerlengo is a strong sign of continuity and represents the company’s will to continue its current path of growth and development.

“We trust Alberto will continue to pursue the group’s future projects with commitment and passion.”

Furla recently announced that it expected turnover for 2016 to be €422 million (US$448 million), representing a year-on-year increase of +22% at constant exchange rates. EBITDA was expected to rise by +48% compared to 2015.

The company which sells luxury handbags and accessories, also noted it has experienced promising growth of +40% in the travel retail sector. It predicted this trend to continue, with the positive performance expected to be driven by operations in the Asia Pacific region.

(Source: Moodie Davitt Report)

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