Francesco Trapani news and archive

Luxury world bids farewell to Francesco Trapani

Francesco Trapani passed away yesterday evening at his home in Rome. The 68-year-old entrepreneur and manager, a descendant of the Bulgari family, led the maison, founded in 1884, as chief executive officer for three decades. The maison became one of the major global players in the luxury sector, present in jewellery, watches, fragrances,...

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Tiffany & Co exec board member Francesco Trapani steps down

Tiffany & Co executive board member Francesco Trapani has exited the luxury jeweler just a week after it was acquired for 16.2 billion dollars by luxury conglomerate LVMH. According to a SEC filing, Trapanin’s decision to resign was “not the result of any disagreement with Registrant’s operations, policies or procedures or any matter related to...

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Business|UPDATE

Clessidra acquires Roberto Cavalli

Following months of discussions and negotiations, Italian private equity firm Clessidra and fashion brand Roberto Cavalli have finally come to an agreement. Clessidra has acquired 90 percent of the Florence-based brand, for an estimated 400 million euros, or 291 million pounds according to current exchange rates. “I am extremely satisfied to...