The Tod’s Group has named Roberto Lorenzini as chief executive officer of its North American business, overseeing the Tod’s, Roger Vivier and Fay brands. His first official day was Jan. 2. He is based in New York, reporting to Stefano Sincini, chief executive officer of Milan-based Tod’s SpA.
Lorenzini replaces Marco Giacometti, who has been appointed global manager of e-commerce for Tod’s Group. Giacometti will relocate from New York to Milan. Prior to his U.S. appointment four years ago, Giacometti was ceo of the company’s French business.
Lorenzini was most recently commercial director at Etoile Group, the Middle East luxury retail operator. Prior to that position, he was president and ceo of Sixty USA and president and chief operating officer of Versace USA. Earlier in his career, Lorenzini held positions at Fendi, PricewaterhouseCoopers and Deloitte & Touche.
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For the nine months ended in Sept. 2011, Tod’s Group sales in the U.S. increased 15.9 percent to 43.8 million euros, or $56 million at current exchange. Overall company sales, which also include the Hogan brand that is not currently distributed in the U.S., were up 14.8 percent, to 699 million euros, or $893.2 million, in the same period.
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In the U.S., Tod’s Group operates eight freestanding Tod’s stores and two Roger Vivier stores, with a third Costa Mesa, Calif., unit set to open in April.
In other news, Tod’s efforts to restore the Colosseum in Rome hit another bump on Wednesday — and it’s not a small one. The Court of Auditors and Rome’s public prosecutor are investigating the luxury house’s agreement to sponsor the restoration of the iconic amphitheater.
It is understood a national union of cultural assets and activities, the Segreteria Nazionale della Unione Italiana del Lavoro Beni e Attività Culturali, has requested to shed light on eventual penal and fiscal responsibilities in assigning the sponsorship, referring to a lack of documentation that would detail the works and the permits. Rome’s prosecutor is evaluating if there has been any abuse of authority at the superintendent or officer levels.
The mayor of Rome, Gianni Alemanno, said the agreement with Tod’s has always been one of “extreme transparency” and harshly defined as “madness” the latest events. Indeed, the union issued a statement later noting that it would not want “to lose the investment of 25 million euros, to the damage of the most prestigious monument of Italy’s cultural patrimony.”