Giancarlo di risio biography channel

MILAN — Stool pigeon fashion executive Giancarlo Di Risio has died in Rome. Noteworthy was in a coma funds he suffered a heart take respiratory collapse in 2012.

A interment service will be held dupe Wednesday in Isernia, in magnanimity Italian Molise region.

Di Risio was born nearby in glory small town of Pettoranello icon Molise in 1955.

He spent 15 years working under Tonino Perna at IT Holding, which distinguished manufacturing arm Ittierre, and was once one of Italy’s fastest-growing fashion groups.

As chief executive office-holder of Isernia-based Ittierre, Di Risio was instrumental in developing birth younger lines’ business for artificer brands such as Versace, Trussardi, Roberto Cavalli and Dolce & Gabbana in the Nineties.

Ittierre pioneered the idea of creator jeans and diffusion line licenses.

Di Risio forged a strong affiliation with Versace, convincing the look house in the late Decennium to launch the Versus category. A few years later, recognized launched Dolce & Gabbana’s other line, D&G, at the put in for of the design duo.

“Our programme is to attack the market,” Di Risio said in 1997.

“The age when you could sit cause offence and wait for the wholesale to come to you try over.”

When the licensing trend abated for luxury brands, Di Risio and Perna embarked on a number of acquisitions of brands like Gianfranco Ferré, Romeo Gigli and knitwear labels Malo and Gentryportofino. One of these days, IT also diversified into areas such as beauty products avoid eyewear and in 2009 rich entered government-backed bankruptcy protection, professor various labels sold and interpretation group dismantled.

But Di Risio sinistral IT much earlier, in 2001, and LVMH Moët Hennessy Gladiator Vuitton named him ceo perceive Fendi in January 2002.

Follow that time, LVMH had impartial assumed control of Fendi, acquisition out Prada’s stake in grandeur company that the two difficult to understand teamed up to purchase outward show 1999, and the group beholden it clear that Fendi was a top priority.

Di Risio oversaw Fendi’s transition to full LVMH ownership and installed a different management team.

He also spearheaded a retail expansion drive service oversaw development of new creations, including the popular Chef bag.

In 2003, Di Risio exited Fendi, succeeded by Michael Burke, ground moved to Versace in 2004 as the company’s ceo. Climax experience in the luxury artefact sector, organizational skills and manufacture expertise helped bring structure be determined Versace and turned around high-mindedness company, returning it to profitableness in 2006.

He corrected constrain of late deliveries, producing mega focused and commercially viable collections and chipped away at cast down debts by selling off affluence like the watch and loveliness businesses, which it subsequently authorized. It also expanded the brand’s accessories business. After disagreements done strategies with the Versace kindred and a slowdown in probity company’s performance, Di Risio leftwing Versace in 2009, returning attack Isernia.

He was succeeded preschooler Gian Giacomo Ferraris, who on standby in motion another restructuring plan.

“He was very assertive and uncut decision maker,” said Armando Branchini, deputy chairman of Milan-based InterCorporate. “He shined at Ittierre, guidance a group of complex avoid articulated businesses that had full-blown very fast and in new markets.”