Fashion Group Marzotto has announced the resignation of chief executive officer Silvano Storer for "private reasons".

In a statement, the Milan-based company thanked him "for the contribution given to the company during five years of intense collaboration (during which) Marzotto Group grew in terms of sales, expanded its presence in world markets and began an articulate production restructuring plan".

Storer has been replaced by deputy chairman Antonio Favrin but will remain a member of the board of directors.

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