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CEO Named for LVMH-Marcolin Joint Venture

Published

6 years ago

October 20, 2017

He’ll also be executive vice chairman of Marcolin Group.

Giovanni Zoppas has been appointed as Marcolin Group’s executive vice chairman in charge of licenses, international affairs, human resources, legal and institutional communication.

Zoppas has also been nominated CEO of the joint venture between LVMH and Marcolin Group announced in January.

“The goal of these changes is to ensure the best possible results with the alignment of interest of the different stakeholders,” Marcolin said in a press release.

Marcolin Group’s CEO role will be covered by Massimo Renon, who has served as the organization’s worldwide commercial general manager since January 2017.

“Consistent with the spirit of these changes, Giovanni Zoppas will give Massimo Renon all the necessary support for his success in the new role,” according to the release.

Marcolin explained in a press release earlier this year that the joint venture “will, starting in 2018, design and manufacture eyewear for the Céline brand, with the aim of becoming, in the future, the preferred partner of LVMH in the eyewear business.”

France-based luxury goods conglomerate LVMH will hold 10 percent of the Italy-based Marcolin.

LVMH and Marcolin will control, respectively, 51 percent and 49 percent of the share capital of the proposed joint venture.
Marcolin is held by PAI partners, a private equity group.

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