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STELLA'S NEW MAN
GUCCI GROUP announced today that it had appointed Marco Bizzarri as the new chief executive of Stella McCartney. The 42-year-old father-of-three worked for the Mandarina Duck group between 1993 and 2004, most recently as general manager. He will now work with Stella, who is expecting her first baby in the spring, to grow her label into a strong global brand. "I immediately warmed to Marco's personality and his sensitivity to the demands of building value for a fast-growing brand," Stella said today. "Marco is going to be a great business partner for me and a visionary and entrepreneurial leader to take the brand to the next level." The announcement should put pay to rumours that McCartney's label, which already generates over £20 million in worldwide revenues, is struggling financially. "Marco Bizzarri brings a wealth of entrepreneurial, strategic and operational talent together with a tremendous amount of energy," said Gucci Group ceo Robert Polet, who took over from Domenico de Sole in April. "I am delighted that Marco is joining our Griup and the Stella McCartney business. This brand has a totally credible business model and a promising future. I am totally confident that it will continue to go from strength to strength." (November 23 2004, PM)
GUCCI GROUP announced today that it had appointed Marco Bizzarri as the new chief executive of Stella McCartney. The 42-year-old father-of-three worked for the Mandarina Duck group between 1993 and 2004, most recently as general manager. He will now work with Stella, who is expecting her first baby in the spring, to grow her label into a strong global brand. "I immediately warmed to Marco's personality and his sensitivity to the demands of building value for a fast-growing brand," Stella said today. "Marco is going to be a great business partner for me and a visionary and entrepreneurial leader to take the brand to the next level." The announcement should put pay to rumours that McCartney's label, which already generates over £20 million in worldwide revenues, is struggling financially. "Marco Bizzarri brings a wealth of entrepreneurial, strategic and operational talent together with a tremendous amount of energy," said Gucci Group ceo Robert Polet, who took over from Domenico de Sole in April. "I am delighted that Marco is joining our Griup and the Stella McCartney business. This brand has a totally credible business model and a promising future. I am totally confident that it will continue to go from strength to strength." (November 23 2004, PM)