FEDERICO MARCHETTI JOINS THE ARMANI GROUP

Federico Marchetti, Chairman and CEO of Yoox and Net-a-porter, is the Giorgio Armani S.p.A Board as an independent, non-executive director of the board. Marchetti shared the news with an Instagram post and added: “Over the years Mr Armani has defined and driven quality and craftsmanship in the industry, with an approach that has promoted style over fashion. […] He has built an unrivalled legacy, but he remains a visionary. I experienced this first-hand 20 years ago, when he was among the very first to see the potential for online luxury and trusted me with his beautiful products on @YOOX and then on ‪Armani.com‬ and @MrPorterLive“.

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Today, in my continued capacity as Chairman and CEO of YOOX NET-A-PORTER, I’m thrilled to join the board of @giorgioarmani as Independent Non-Executive Director. Over the years Mr Armani has defined and driven quality and craftsmanship in the industry, with an approach that has promoted style over fashion. An exemplar of the excellence of Made in Italy, not only in his products, but also in his business – one of the very few designers that has remained independent and private. He has built an unrivalled legacy, but he remains a visionary. I experienced this first-hand 20 years ago, when he was among the very first to see the potential for online luxury and trusted me with his beautiful products on @YOOX and then on ‪Armani.com‬ and @MrPorterLive. This year, he has demonstrated this to the world in his profound and generous response to the COVID crisis: moving long before others and delivering a powerful manifesto for the future of the industry in an open letter to @wwd, with a close that read: “United, we will make it.” I am honoured to unite today with Giorgio Armani S.p.A. and its board and I look forward to what we will achieve together in the future.

A post shared by Federico Marchetti (@federicomarchetti) on Jul 1, 2020 at 3:10am PDT

But who is Federico Marchetti? 

Son of a Fiat employee and a Sip operator has been an entrepreneur for more than 20 years. In 2000, Marchetti founded the e-commerce Yoox. Starting from the ground, he created a start-up, that is now one of the biggest colossal of e-commerce. A Made in Italy company that in 2018, after being valued 6 billion dollars, entered the French luxury group Richemont. Today Yoox count 4.3 million clients in 180 countries. What bonds Federico Marchetti and Giorgio Armani is a past made of sacrifices, two self-made men of the Italian fashion industry.