Elisabetta Franchi CEO Gabriele Maggio Exits Company

Core Insights - Gabriele Maggio has exited his role as CEO of Elisabetta Franchi's parent company, Betty Blue SpA, to ensure management continuity and operational efficiency [1][2] - His departure follows Marco Bizzarri's divestiture of his stake in the company and resignation as chairman [3] - Maggio joined Elisabetta Franchi in February 2024, bringing over 25 years of experience in the fashion industry [3][4] Company Developments - The decision for Maggio's exit was made in the best interest of the company, with no successor mentioned [2] - Bizzarri, former president and CEO of Gucci, acquired a 23% stake in Elisabetta Franchi last year through his holding, Nessifashion [5] - The brand has been expanding internationally, with its first U.S. boutique opening in Bal Harbour Shops, Miami, and a new flagship in Milan [6]