Gabriele Maggio has been officially appointed CEO of Twinset, under new owners Borletti Group and Quadrivio (the latter through its Made in Italy Fund II). As first reported by FashionNetwork.com in early December, Maggio has been confirmed as the new helm of the Carpi-based Italian womenswear label, sold in June 2025 by the Carlyle investment fund to the current owners, which share a 100% stake in Twinset.
Gabriele Maggio
Maggio has taken over from Alessandro Varisco, who left Twinset after 10 years in charge, a lengthy tenure during which Varisco was directly involved in the label’s sale, a process that Carlyle had embarked on prior to the pandemic.
Maggio’s appointment is part of the relaunch strategy deployed by Borletti Group and Quadrivio, aimed at consolidating Twinset’s position in the affordable luxury segment. A goal that will also be pursued through marketing and communication initiatives with a focus on digital. The new owners are keen to extend Twinset’s retail footprint, both by boosting its presence in the e-tail channel and by expanding in markets that are key for the label, like Spain, France and Eastern Europe.
“I’m excited to join Twinset at this crucial time in its journey,” said Maggio. “The brand has enormous potential, a unique creative heritage and a highly talented staff. Together with the new partners and the entire team, we will work to promote a new phase of solid, inspired growth, further strengthening the brand’s presence in the Italian and European landscape,” he added.
Maggio has joined Twinset after a stint of over a year and a half at Betty Blue, as the CEO of Elisabetta Franchi. He was formerly the president and CEO of Stella McCartney, spearheading the label’s international expansion and positioning it as a benchmark in sustainable luxury. Before that, he was managing director at Moschino, and held senior roles at Gucci, Bottega Veneta, Giorgio Armani and Prada.
“Gabriele’s arrival marks a crucial stage in Twinset’s new era,” said Maurizio Negro, president of Twinset, adding that “his in-depth industry knowledge, combined with his experience as a leader of international brands, makes him the ideal profile to marshal the company through this growth and transformation phase.”
“[Maggio’s] international experience and ability to lead creative and complex organisational teams make him the ideal leader to steer the company through this new phase, in which we want to fully exploit [Twinset’s] potential,” said Maurizio Borletti, partner and co-founder of Borletti Group. “We are sure that Maggio’s professionalism and vision will enable the brand to further consolidate its positioning and strengthen its presence internationally, in line with the fund’s investment strategy,” stated Alessandro Binello, CEO of Quadrivio.
Louis Vuitton has named Grammy Award–winning artist Future as its newest ambassador, deepening the maison’s ongoing commitment to celebrating talent across cultural landscapes.
Louis Vuitton names Future as its newest ambassador. – Louis Vuitton
The Atlanta-born rapper, producer and composer continues to dominate the global music landscape. Most recently, he released back-to-back chart-topping albums, “We Don’t Trust You” and “We Still Don’t Trust You”, which became an international phenomenon and further cemented Future’s status as a cultural trailblazer. Over the course of his career, Future has earned 11 number-one albums and multiple chart-leading singles.
“Future embodies the core values of Louis Vuitton, including creativity, artistry, and a pioneering spirit that resonates with international audiences,” the maison said in a statement. “His unique style and creative vision make him an invaluable addition to the Louis Vuitton family.”
It’s not the first time Future collaborates with Louis Vuitton. He attended Louis Vuitton’s Men’s Spring–Summer 2026 show in Paris at the invitation of Pharrell Williams, a longtime friend and creative collaborator. Earlier this year, Future also appeared at the 2025 Met Gala, themed “Superfine: Tailoring Black Style,” wearing a custom Louis Vuitton grey quarter-zip ensemble layered with a tie, designed by Williams.
Rent the Runway announced on Monday sales for the third quarter rose 15.4% to $87.6 million, with the U.S. rental platform clocking growth across its subscriber base.
Rent the Runway
The New York-based firm said ending active subscribers grew 12.4% to 148,916 during the three months, and average active subscribers totalled 147,645, up 12.9% on the prior-year period.
Meanwhile, total subscriber numbers lifted 6.1% to 185,166 during the quarter ending October 31.
In line with strong sales growth, the company reported a net income of $76.5 million, as compared to a loss of $18.9 million in the third quarter last year.
“This year we’ve repositioned ourselves for sustained growth in the category,” said Jennifer Hyman, co-founder and CEO of Rent the Runway.
“Not only did we execute operationally on our stated goals to return to our customer-obsessed origins, reinvigorate our brand, and drive double-digit growth in subscribers; but we also restructured our balance sheet, closing the recapitalization transactions in October that offer improved financial flexibility to better position us for continued growth.”
Earlier this year, Rent the Runway said it will hand over a controlling stake in the company as part of a plan to cut debt and grow.
The deal, with lender Aranda Principal Strategies and other partners, will wipe more than $240 million of debt from Rent the Runway’s balance sheet, according to an emailed statement released in August.
Looking ahead, Rent the Runway said it forecasts revenue of between $323.1 million and $325.1 million for the full-year.
Elisabetta Caldera, 55, has been named global chief people and organization officer for Chanel Ltd., succeeding Claire Isnard, 64, starting next month, the company told Bloomberg News in a statement.
Isnard is retiring after more than 17 years at the group, which had a workforce of around 38,400 employees last year. Caldera will join Chanel’s leadership team, reporting to Chief Executive Officer Leena Nair, and be based in London.
Caldera spent more than four years as global chief human resources officer at Aegon Ltd. where she was also part of the insurer’s executive committee. The Italian executive previously spent 17 years at Vodafone Group Plc in various HR roles until 2021 when she joined Aegon.
Under CEO Nair, the former head of HR at Unilever Plc, Chanel has been rebuilding the roster of top managers at the company as an older guard retires.
Chanel, known for its No. 5 fragrance, is privately owned by the billionaire brothers Alain and Gerard Wertheimer whose fortunes are estimated at about $43 billion each, according to the Bloomberg Billionaires Index.
The company, founded in Paris but headquartered in London, reports its financial performance once a year, generally around late May. Revenue fell 4.3% to $18.7 billion in 2024 on a comparative basis with operating profit sliding by almost a third partly due to heavy advertising spending and a rise in hiring.