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Balmain names Matteo Sgarbossa new CEO

French luxury fashion house Balmain has appointed Matteo Sgarbossa to the role of chief executive officer, effective May 6.

SEE ALSO: Balmain CEO Jean-Jacques Guevel to depart

In his new role, Sgarbossa will be tasked with leading the next phase of growth for the Paris-based brand alongside its creative director, Olivier Rousteing.

Sgarbossa joins from Givenchy, where he served as international director, and previously held roles at Gucci, Benetton, and Mango.

“Today marks another moment that reflects our grand ambitions for Balmain,” said Balmain chairman Rachid Mohamed Rachid, who is also CEO of Balmain parent Mayhoola.

“Matteo’s strong leadership skills and extensive experience in the fashion and luxury goods industry at senior levels make him the ideal person to lead Balmain. I trust that his energy and global market knowledge will be crucial in this new phase of Balmain and his partnership with Olivier Rousteing will lead to a very successful chapter in the history of the house. As one of the most exceptional heritage brands of France, Balmain has the potential to become a true global leader in luxury goods.”

Sgarbossa succeeds Jean-Jacques Guével, who is the second Balmain executive to depart in recent weeks.

Txampi Diz, chief marketing officer at Balmain, exited Balmain earlier this month,  moving to Casablanca Paris for the same role. His successor has yet to be named.

“Balmain has been synonymous with creativity and innovation since its founding in 1945,” Sgarbossa said. “I am beyond excited to continue building on this singular legacy. I express my sincere gratitude to Mr. Rachid and Mayhoola for entrusting me to guide the house into its next successful chapter.”

In 2021, the French fashion house Balmain named Lily Liu as its new president for Greater China, before inking a partnership with Estee Lauder Companies in 2022 to create a line of beauty products that launched globally in autumn 2024.