Diesel, part of the OTB Group, announces the appointment of Andrea Rigogliosi as the brand’s new CEO. The executive will report directly to Ubaldo Minelli, CEO of the OTB Group.

“Diesel is a magical brand, which I founded, and that has always represented a unique force in the fashion landscape. Glenn Martens’ creative direction has transformed it, rediscovering its most authentic DNA and making the brand fresher, more contemporary, and increasingly loved by younger generations. Today, Diesel can be considered the only alternative to the luxury world, embodying values such as inclusivity and accessibility—particularly significant in a complex moment for the entire fashion industry. Recently, I have closely followed the brand’s development with a team of managers, while we navigated a challenging market phase. I am delighted to welcome Andrea to Diesel, and, together with the team, I am sure that he will further enhance Diesel’s potential at a crucial stage in the brand’s evolution,” stated Renzo Rosso, founder of Diesel and Chairman of the OTB Group.

Diesel, part of the OTB Group, has named Andrea Rigogliosi as its new CEO, reporting to Group CEO Ubaldo Minelli.
Rigogliosi brings extensive international leadership experience from roles at Miu Miu (Prada Group), Fendi and Christian Dior Couture.
He is expected to strengthen Diesel’s global growth and commercial strategy under Glenn Martens’ creative direction.

Andrea Rigogliosi brings solid international leadership experience in the luxury, fashion, and retail sectors, having held high-level strategic and commercial roles across Europe. Before joining Diesel, he served as Global Head of Retail and Commercial at Miu Miu – Prada Group, leading global business growth and the expansion of the distribution network. Rigogliosi held key positions within the LVMH Group, including President Europe at Fendi, General Manager France & Monaco and General Manager Italy at Christian Dior Couture. Early in his career, he took on managerial roles at Poltrona Frau Group and L’Oréal Luxury Products.

He holds a degree in International Business Administration from Bocconi University in Milan.

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Fibre2Fashion News Desk (RM)

The Philippine Department of Trade and Industry (DTI) recently announced it would work with government financial institutions to provide ‘flexible financing’ to domestic garment manufacturers for automation, machinery and production equipment to make them more competitive in the global market.

Trade and industry secretary Cristina A Roque said foreign buyers told her automation is no longer optional, but has turned a baseline requirement globally.

The Philippines will provide ‘flexible financing’ to domestic garment manufacturers for automation, machinery and production equipment to make them more competitive in the global market.
Incentives under the DTI’s Board of Investments will support mechanised and digital garment production, while the Philippine Economic Zone Authority will offer a comprehensive package for export-oriented garment firms.

“They expressed a clear preference for exporters with modern, automated production equipment, as short lead time is now the deciding factor, especially for fast-fashion brands,” Roque was cited as telling a recent meeting with garments manufacturers by a domestic media outlet.

Therefore, the department will work with institutions like the Land Bank of the Philippines and the Development Bank of the Philippines to provide flexible financing, she said.

Incentives under the DTI’s Board of Investments will support mechanised and digital garment production, while the Philippine Economic Zone Authority’s (PEZA) incentives will offer a comprehensive package of fiscal and non-fiscal support for export-oriented garment firms located within PEZA special economic zones, she said.

The department will also study proposals by the domestic garment industry aimed at enhancing overall cost competitiveness, including potential reductions in value-added tax rates to levels comparable to those of ASEAN peers and expanded fiscal support for existing firms and subsidiaries.

Fibre2Fashion (DS)

Egypt will set up an integrated spinning and textile industrial complex in New October City with an estimated initial investment of $350 million.

The project will be developed under the private free zones system within Industria October Industrial City.

Egypt will set up an integrated spinning and textile industrial complex in New October City with an estimated initial investment of $350 million.
An agreement was signed recently for the complex between Elsewedy Industrial Development and Crystal International Group, a leading textile manufacturer.
The complex is expected to create around 20,000 direct jobs.

An agreement was signed recently for the complex between Elsewedy Industrial Development and Crystal International Group, a leading textile manufacturer.

Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir witnessed the signing ceremony, the country’s state information service posted on Instagram.

Al-Wazir said the project aligns with the state’s strategy to revive the spinning and textile industry, boost domestic manufacturing and exports, raise value-added production and reduce import dependence.

The project will receive full government support if it expands to cover all stages of the value chain, he said.

The industrial complex will feature an integrated production system encompassing the spinning of natural and synthetic fibres, yarn production, advanced weaving, textile processing, finishing and dyeing.

The approach is expected to enhance product quality, reduce waste and strengthen the competitiveness of Egyptian textile products globally.

The complex is expected to create around 20,000 direct jobs.

Fibre2Fashion (DS)