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The departure of Davide De Giglio and Andrea Grilli, the two co-founders of NGG, its Italian fashion production and distribution subsidiary acquired in 2019, has been announced by Farfetch. The group has appointed its President, Stéphanie Phair, to head NGG and its Marketing Director, CEO of the Off-White brand.
Change of era at New Guards Group (NGG). Its owner since 2019, the Farfetch Group, is putting its stamp on management.
On Thursday, Farfetch announced several major changes at its Italian fashion production and distribution subsidiary.
Firstly, the departure of the two co-founders of NGG, Davide De Giglio and Andrea Grilli, respectively CEO of NGG for the former and CEO of Off-White for the latter.
Stephanie Phair and Cristiano Fagnani: new responsibilities
They are replaced in their functions by two executives already in place at Farfetch and NGG.
Farfetch Group President Stephanie Phair has taken on the additional role of President of NGG, while Cristiano Fagnani, previously NGG’s Marketing Director, becomes CEO of Off-White, the label founded by the late Virgil Abloh.
The management teams of the other brands in the NGG portfolio (Heron Preston, Unravel Project, Alanui, Kirin, etc.) remain in place.
In a statement, Farfetch founder and CEO José Neves “thanked Davide and Andrea for their dedicated leadership over the past four years” and “for putting together a very strong team of successors to continue driving NGG’s strategy and operations”. José Neves also emphasized that NGG had “performed extremely well” since its acquisition by Farfetch.
Partnership with Authentic Brands Group
This reshuffle at the head of NGG comes on the heels of the announcement of Farfetch’s strategic partnership with Authentic Brands Group. José Neves was delighted to announce the partnership, which is expected to generate “several hundred million dollars” for his group. It’s true that the partnership encompasses quite a scope for NGG: the takeover of ABG’s Reebok retail stores, e-commerce operations and wholesale distribution in Europe.
The responsibility for overseeing this heavyweight partnership also falls to Cristiano Fagnani, in addition to his management of Off White! Proof of Farfetch’s confidence in its former marketing director…
For her part, Stéphanie Phair brings valuable luxury expertise to the table, with a brilliant cosmopolitan profile. This Argentinian-Canadian, born in Mexico, with a degree in political philosophy and economics from Oxford (England), launched The Outnet, Net-A-Porter’s ecommerce site dedicated to sale prices, in 2009 and ran it until 2015.
In 2016, Stéphanie Phair joined Farfetch as chief strategy officer.
“With a highly experienced management team … and the added benefit of Stephanie’s supervision, I am confident in NGG’s continued success“, said José Neves.
Read also >Farfetch unveils the second class of its Web 3 startup gas pedal program
Featured photo : © Farfetch[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]
The departure of Davide De Giglio and Andrea Grilli, the two co-founders of NGG, its Italian fashion production and distribution subsidiary acquired in 2019, has been announced by Farfetch. The group has appointed its President, Stéphanie Phair, to head NGG and its Marketing Director, CEO of the Off-White brand.
Change of era at New Guards Group (NGG). Its owner since 2019, the Farfetch Group, is putting its stamp on management.
On Thursday, Farfetch announced several major changes at its Italian fashion production and distribution subsidiary.
Firstly, the departure of the two co-founders of NGG, Davide De Giglio and Andrea Grilli, respectively CEO of NGG for the former and CEO of Off-White for the latter.
Stephanie Phair and Cristiano Fagnani: new responsibilities
They are replaced in their functions by two executives already in place at Farfetch and NGG.
Farfetch Group President Stephanie Phair has taken on the additional role of President of NGG, while Cristiano Fagnani, previously NGG’s Marketing Director, becomes CEO of Off-White, the label founded by the late Virgil Abloh.
The management teams of the other brands in the NGG portfolio (Heron Preston, Unravel Project, Alanui, Kirin, etc.) remain in place.
In a statement, Farfetch founder and CEO José Neves “thanked Davide and Andrea for their dedicated leadership over the past four years” and “for putting together a very strong team of successors to continue driving NGG’s strategy and operations”. José Neves also emphasized that NGG had “performed extremely well” since its acquisition by Farfetch.
Partnership with Authentic Brands Group
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[/vc_cta][vc_column_text]Featured photo : © Farfetch[/vc_column_text][/vc_column][/vc_row][vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”subscriber,customer”][vc_column][vc_column_text]
The departure of Davide De Giglio and Andrea Grilli, the two co-founders of NGG, its Italian fashion production and distribution subsidiary acquired in 2019, has been announced by Farfetch. The group has appointed its President, Stéphanie Phair, to head NGG and its Marketing Director, CEO of the Off-White brand.
Change of era at New Guards Group (NGG). Its owner since 2019, the Farfetch Group, is putting its stamp on management.
On Thursday, Farfetch announced several major changes at its Italian fashion production and distribution subsidiary.
Firstly, the departure of the two co-founders of NGG, Davide De Giglio and Andrea Grilli, respectively CEO of NGG for the former and CEO of Off-White for the latter.
Stephanie Phair and Cristiano Fagnani: new responsibilities
They are replaced in their functions by two executives already in place at Farfetch and NGG.
Farfetch Group President Stephanie Phair has taken on the additional role of President of NGG, while Cristiano Fagnani, previously NGG’s Marketing Director, becomes CEO of Off-White, the label founded by the late Virgil Abloh.
The management teams of the other brands in the NGG portfolio (Heron Preston, Unravel Project, Alanui, Kirin, etc.) remain in place.
In a statement, Farfetch founder and CEO José Neves “thanked Davide and Andrea for their dedicated leadership over the past four years” and “for putting together a very strong team of successors to continue driving NGG’s strategy and operations”. José Neves also emphasized that NGG had “performed extremely well” since its acquisition by Farfetch.
Partnership with Authentic Brands Group
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[/vc_cta][vc_column_text]Featured photo : © Farfetch[/vc_column_text][/vc_column][/vc_row]
