The MVC Group, an Itetian company for technical bike and outdoor clothing, has appointed Emilio Foà as Chief Executive Officer (CEO).
Foà has a degree in economics from the University of Bocconi in Milan and had positions with growing responsibility in Italian and international companies, including brands such as Burberry, Gucci and Benetton Group as well as the cycling specialist Rapha. Most recently, he worked as a CEO at the London gastronomy expert Ottolenghi Group. Foà returns to Italy after over 20 years in London, where he held management positions in international corporations.
“With the handover of the group to a manager with a proven experience, such as Foà, the Cremonese family is strengthening the decision to manage and internationalize the MVC Group, which was already made in 2019 with the entry of the private equity fund Equinox as an important development partner,” says a press release.
After the appointment of Foà and as part of the reorganization of the corporate management of the group, Alessio Cremonese will take over the position of the Executive Chairman.
The MVC Group is owned by the Cremonese family and the Equinox fund, which holds 40 percent of the shares. The brands Sportful, Castelli, Castelli, Karpos and Zoot includes the group in 2024 with consolidated sales of around 110 million euros and an Ebitda margin of around 14 percent.
This article was used with digital tools translated.
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