MILAN — Another executive change is brewing in the industry.
According to market sources, Luca Lo Curzio is exiting Jil Sander.
He was named the brand’s chief executive officer in June last year.
OTB parent was not reachable for comment.
Lo Curzio reported to OTB Group CEO Ubaldo Minelli, who had held the role of Jil Sander’s CEO since the brand was acquired in April 2021.
Lo Curzio joined Jil Sander from the Ermenegildo Zegna Group, where he arrived in 2016, initially as chief marketing and digital officer and rising through the ranks to become president and CEO of Ermenegildo Zegna North America.
Prior to Zegna, Lo Curzio held positions of increasing responsibility in the Luxottica Group, Bain & Company, Danone and L’Oréal.
In addition to Jil Sander, OTB, founded by Renzo Rosso, comprises Diesel, Maison Margiela, Marni, Viktor & Rolf and a stake in Amiri, as well as production arms Staff International and Brave Kid.
In the 12 months ended Dec. 31, OTB reported turnover of 1.9 billion euros, up 7.2 percent compared with 1.74 billion euros in 2022.
Net sales amounted to 1.8 billion euros, climbing 9.1 percent compared with 1.63 billion euros in 2022.
Jil Sander, Maison Margiela and Marni make up OTB’s luxury segment, which reported 17.6 percent growth at constant exchange rates and which helped drive group sales.
Sales of Jil Sander, designed by Lucie and Luke Meier, rose 17.3 percent from 2022. Last year, 18 stores opened in locations including Paris, Rome, Venice, Madrid, London, Dallas, Los Angeles, Tokyo, Kyoto, Nanjing and Seoul. The brand also renewed its license over a 10-year period with Coty Inc., for the development of cosmetics and fragrances.
Speculation about a potential change in creative direction has also been circulating in Milan but Rosso recently waved away the talk. The Meiers were named to the top design post in April 2017.
Important real estate investments include a new headquarters in Milan for Jil Sander and Marni, expected to cover 216,000 square feet and to be completed in 2025 in the new Porta Romana area.
