Maison Margiela Appoints New CEO

Italian fashion group OTB said has appointed Gianfranco Gianangeli as new chief executive of its Maison Margiela brand. Gianangeli, a former Givenchy, Prada and Bottega Veneta manager, joins from his family's knitwear company and will start at Maison Margiela in September.

Gianangeli joins a fast-growing brand powered by the creative vision of John Galliano, who recently documented the making of his wet-look Margiela couture dresses and diced-and-spliced tailoring in a mesmerizing 50-minute film with Nick Knight.

Last year, the brand posted a 36 percent increase, reaching sales of 200 million euros, accelerating in both its retail and online channels. It is slated to open stores in Paris, New York, Shanghai and Osaka this year.  There are now 32 directly operated and seven franchised stores for the label.