LVMH, Guerra returns to "first love". Join the Thelios eyewear board
After enlisting him for the development of the Lvmh brick empire and giving him responsibility for Fendi and Loro Piana, Arnault also sends him to Thelios
Back to the past. Andrea Guerra , the Milanese manager, born in 1965, who transformed Luxottica (now EssilorLuxottica) from 2004 to 2014, bringing it from a turnover of 2.8 billion to over 7 billion, takes back a pair of glasses. The current C eo of LVMH Hospitality Excellence , as well as a member of the executive committee of the French luxury giant and since the beginning of the year in charge of the Fendi and Loro Piana brands , in fact returns to take care of eyewear .
Milano Finanza writes it according to which, in these days the manager has in fact joined, on behalf of the patron Bernard Arnault, the board of directors of Thélios , a joint venture created in 2017 by LVMH (51%) together with the producer Italian Marcolin (49%), whose capital also includes the same French group (10%), for the development of the eyewear business.
The jointly owned company based in Longarone , in the Belluno area, 40 kilometers from Agordo, the Italian operational base of the Italian-French giant Essilux which refers to Leonardo Del Vecchio , produces and distributes eyewear for Celine, Loewe, Stella McCartney brands. , Kenzo, Fenty, Fred, Berluti and Rimowa and Dior .
The joint venture chaired by Alberto Fabbri and led by CEO Giovanni Zoppas is now expected to make a dimensional and operational leap with the involvement and support of Guerra. The goal is to increase production partnerships and expand on an international scale by opening commercial branches in Europe. For this reason, Arnault has decided to include the former Luxottica top manager on the board of Thélios.
And precisely on the Italy-France route, the challenge can only be with the group owned 32.4% by Del Vecchio's Delfin and led by C eo Francesco Milleri , dolphin of the Milanese industrialist. It should also be remembered that as the general manager of LVMH, Antonio Belloni has recalled several times , Italy is the second reference market for the big transalpine since the subsidiaries have almost 10 thousand employees and over 600 million have been invested.