NGG co-founders Davide De Giglio and Andrea Grilli, who served as CEO of NGG and CEO of Off-Whiteâ„¢ respectively, officially exited the fashion production and distribution label.
In De Giglioâ€™s place, Farfetch group president Stephanie Phair will step in as chair of NGG. And at Off-Whiteâ„¢, NGGâ€™s chief marketing officer Cristiano Fagnani will assume the role of CEO. In addition to leading the Virgil Abloh-founded luxury streetwear label, Fagnani will oversee Farfetchâ€™s newly-announced partnership with Reebok. Executive teams at NGGâ€™s other brands will remain the same.
In a statement, Farfetch founder and CEO JosÃ© Neves said that NGG has â€œperformed extremely wellâ€ since it was acquired by Farfetch in 2019. He added, â€œI would like to thank Davide and Andrea for their dedicated leadership over the past four years, and for building a very strong team of successors to continue driving the strategy and operations of NGG.â€
The companyâ€™s leadership changes follow Farfetchâ€™s recent partnership with Authentic Brands Group, which saw NGG take over Reebokâ€™s branded retail stores, e-commerce operations and wholesale distribution in Europe. Neves called the deal a â€œmulti-hundred-million-dollarâ€ opportunity for Farfetch.
â€œWith a very experienced management team â€¦ and the added benefit of Stephanieâ€™s oversight, I am confident in the continued success of NGG,â€ said Neves.
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