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January 9, 2002

ITALY: Fendi Appoints Giancarlo Di Risio As CEO

Giancarlo Di Risio has been appointed chief executive of Fendi, the fashion house controlled by LVMH Moet Hennessy Louis Vuitton SA. Di Risio joins Fendi following LVMH's purchase of Prada Holdings' 25.5 per cent stake in the Roman fashion house in November. Giancarlo Di Risio stepped down from a 15-year stretch as CEO of fashion group IT Holding SpA in August. IT Holding controls brands including Malo and Gianfranco Ferre, and in his time at the company Di Risio saw its transformation from a licensed producer of jeans for the Versace, Dolce & Gabana, and Roberto Cavalli labels to a multi-brand group.

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