Italian fashion house Moschino is about to change leadership. The contract with the previous General Manager Stefano Secchi will be terminated “by mutual agreement” on March 31st, the parent company Aeffe SpA announced on Tuesday. The decision was preceded by “an exchange of views on the future strategic vision” of the brand. Secchi had managed Moschino since autumn 2019.
The background to the personnel change is a long-planned structural reform within the Aeffe Group. The company announced on Tuesday that it had decided to fully integrate the previous subsidiaries Moschino SpA and Aeffe Retail into the group. The aim of the measures is therefore to make internal processes more efficient, to simplify coordination through flatter hierarchies and at the same time to use synergy effects and save costs. The group of companies closed the 2022 financial year with a loss of nine million euros.
Goffredo Palmerini, who is a member of the Group’s Board of Directors and, according to a press release, “already holds management positions in various Italian and international companies of the Aeffe Group”, will assume responsibility for Moschino’s operations. In his new role at Moschino, Palmerini will ensure “continuity in management and in the operative business of the brand,” the group said.