Fashion
Giorgio Armani: Giuseppe Marsocci appointed Chief Executive Officer
Published
October 16, 2025
Giorgio Armani has always valued executives who truly ’embrace’ a company’s vision and do not depart after just two or three years to chase the next highest bidder- each time with a lavish severance. The appointment, announced a short while ago, of Giuseppe Marsocci as CEO of the Armani Group with immediate effect (together with his simultaneous entry to its Board of Directors) reflects this philosophy. As confirmed in a statement by the Board of Directors of Giorgio Armani SpA, Marsocci brings more than 35 years of international experience in the fashion and luxury sector, 23 of them within the Armani Group, in roles of increasing responsibility in Milan and abroad; most notably in New York, where he served as CEO of the Americas.
Over the past six years, from 2019 to the present, the Piedmontese executive has reported directly to Giorgio Armani, serving as the group’s deputy general manager and global chief commercial officer. He has sat on numerous corporate boards and served as chairman of Giorgio Armani Retail Srl, as well as CEO and/or president of various overseas subsidiaries of the group.
Proposed unanimously by the Armani Foundation, Marsocci will report to the board chaired by Leo Dell’Orco, on which Silvana Armani will serve as vice-chair. In the coming weeks, the company notes, the Board of Directors of Giorgio Armani SpA “will take its final shape upon completion of probate procedures and execution of the will, but it was decided to move ahead now by appointing the CEO in advance, to inaugurate the new course without any interruption in the management of the company,” the fashion group’s statement reads.
Leo Dell’Orco, chairman of the company’s board, highlighted Marsocci’s key qualities in the statement: “His international professional experience, deep knowledge of the sector and of the company, discretion, loyalty, and team spirit, together with his closeness in recent years to Mr Armani, make Giuseppe the most natural choice to ensure continuity along the path mapped out, built and perpetuated for 50 years by the founder,” in keeping with the company’s founding principles and the enduring direction set by the Piacenza-born designer, who passed away earlier this month.
Giuseppe Marsocci expressed his gratitude “for the trust placed in me. This is a project of extraordinary importance, focused on continuity and on enhancing one of the world’s most prestigious Made in Italy brands which, for clients and the market, has transcended the status of a simple label to rightfully become a lifestyle brand.”
‘The objective is demanding,” continued the new CEO, “all the more so in a luxury market engaged in deep self-reflection, but it is achievable thanks to the fundamental contribution of an outstanding network of clients, suppliers, partners, and passionate colleagues around the world, particularly in Milan, many of whom have been close to Mr Armani for many years. Together we will do everything to perpetuate his model of enterprise and his idea of beauty, and we will carry it forward with consistency and sensitivity, taking into account the values and expectations of a changing world.”
Giuseppe Marsocci, a 61-year-old from Turin with a degree in Economics and Business from the University of Turin, has prior experience in sales, marketing and brand management at the Turin-based GFT Group, a licensee of Valentino, Dior, Ungaro, Stone Island and Armani. Other notable roles include five years at Fila Sport (HDP Group) as head of international business development.
Marsocci joined the Armani Group in 2003, taking on roles of increasing responsibility both at the Milan headquarters and in the group’s overseas subsidiaries. These included: commercial director of Armani Collezioni; CEO of the Swiss subsidiary (formerly the logistics and customer service hub for all overseas markets); global director for diffusion/wholesale lines; and, for more than ten years in the New York office, first as president of Trimil US, the Zegna/Armani joint venture, before serving as CEO of the Americas from 2014 to 2019.
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Fashion
Netherlands manufacturing prices fall 1.9% in January
The downward movement remained closely tied to crude oil dynamics, which continue to shape industrial cost structures across energy-intensive sectors. Average North Sea Brent crude prices stood at nearly €55 per barrel in January 2026, representing a drop of more than 27 per cent from a year earlier. In comparison, December prices averaged €52.5 per barrel, marking an annual decline of almost 25 per cent, CBS said in a press release.
Dutch manufacturing output prices fell 1.9 per cent YoY in January 2026, extending December’s decline as lower crude oil costs weighed on industrial pricing.
Brent prices dropped over 27 per cent annually, pulling petroleum derivative prices down 15.8 per cent.
However, producer prices rose 0.9 per cent MoM, supported by export and domestic market gains.
Petroleum-derived products registered a sharper contraction in line with weaker crude benchmarks. Prices for petroleum derivatives fell 15.8 per cent YoY in January, following a 12 per cent decrease in December, underscoring persistent softness in refined energy product pricing.
Despite the annual decline, producer prices showed sequential improvement at the start of the year. Overall manufacturing output prices increased 0.9 per cent in January from the previous month, indicating short-term pricing stabilisation across industrial segments.
The monthly uptick was led by export markets, where prices rose 1.2 per cent, while domestic market prices increased 0.6 per cent. The divergence between YoY declines and MoM gains highlights the continued influence of last year’s elevated energy base alongside emerging signs of near-term price recovery.
Fibre2Fashion News Desk (SG)
Fashion
US cotton acreage seen falling to decade low in 2026: CoBank
Regional adjustments are anticipated to drive the contraction. Cotton acreage across the southern United States is expected to transition towards soybeans amid improved profitability prospects, while irrigated cotton areas in the Plains are likely to shift towards corn production as producers rebalance crop rotations and manage input cost pressures, CoBank said in an article by Tanner Ehmke and Emmie Noyes.
Slower US cotton export momentum to China, intensifying competition from Brazil and Australia in global markets, and continued substitution by manmade fibres have collectively restrained price recovery, limiting growers’ willingness to expand cotton area.
US cotton planted area is forecast to decline for a second straight year to about 9 million acres in 2026, down 3 per cent year on year, reflecting weak price competitiveness.
Acreage shifts towards soybeans and corn, slower exports to China, rising competition and fibre substitution are weighing on plantings.
Meanwhile, farm support payments are expected to stabilise the overall acreage decline.
Despite the projected decline, policy mechanisms are expected to provide a degree of support. Base acreage payments under farm support programmes are likely to cushion the adjustment, helping stabilise cotton plantings and preventing a sharper contraction in the 2026 season.
Fibre2Fashion News Desk (SG)
Fashion
Create Garment Trading Adjudicator: Researchers tell UK govt
The recommendation follows a survey analysed by researchers from the University of Nottingham and the University of Leicester in collaboration with trade justice charity Transform Trade, which found systemic late payments, last-minute order changes without compensation and post-contract price reductions. Manufacturers reported that such practices shift financial risk from brands and retailers onto suppliers and ultimately workers.
Among respondents, 31 per cent reported order cancellations, while 78 per cent said brands failed to cover costs of last-minute changes to confirmed orders. A further 75 per cent stated prices were not adjusted to reflect minimum wage increases. Additionally, 67 per cent experienced order volumes being reduced without corresponding revisions to unit costs, and 44 per cent faced repeated payment extension requests. Ten per cent reported payments delayed by more than three months beyond agreed terms.
Researchers are urging the UK government to establish a Garment Trading Adjudicator after a survey by the University of Nottingham, University of Leicester and Transform Trade found widespread unfair purchasing practices in UK garment manufacturing.
The study highlights systemic late payments, cancellations and cost pressures affecting manufacturers and workers.
Manufacturers said these pressures had direct workforce consequences, including increased overtime to meet sudden order spikes for 73 per cent of workers, reduced hours following cancellations for 58 per cent, and job terminations for 29 per cent.
The survey also revealed limited confidence in formal dispute mechanisms. Only 22 per cent viewed the legal system as a viable route for redress, and none considered government or multistakeholder initiatives effective. Respondents cited financial and legal barriers, stating that pursuing action against brands was often unaffordable.
Dr Sabina Lawreniuk of the University of Nottingham’s School of Geography said, “Our research shows that current brand purchasing practices directly impact workers, resulting in precarious and insecure work across UK factories. Voluntary codes have proven insufficient. If we are serious about protecting workers and supporting a sustainable UK fashion industry, we need a Garment Trading Adjudicator to enforce fair practices across the sector.”
She added that the findings emphasise the need to rebalance relationships between brands and fashion manufacturers in the UK to support domestic manufacturing, sustainable business models, investment strategies, and to strengthen work and employment in the sector.
Professor Nikolaus Hammer of the University of Leicester also highlighted the importance of rebalancing these relationships to ensure sustainable UK production.
The researchers and Transform Trade said a sector regulator, like the Groceries Code Adjudicator, could help curb unfair purchasing practices and create greater accountability across fashion supply chains.
Fibre2Fashion News Desk (CG)
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