Farfetch switches up exec board with NGG CEO and Chair appointments

Luxury fashion giant, Farfetch, has appointed Cristiano Fagnani to CEO of Off-White, meanwhile, he will remain CEO of the New Guards Group’s (NGG) Reebok business.

Founded in 2015, and acquired by Farfetch in 2019, NGG manages the design, production and distribution for a range of global brands, including Palm Angels, Off-White and Reebok.

Fagnani has over 20 years of industry experience under his belt. Prior to his new role at Off White, he was the Chief Marketing Officer for NGG. Before his three-year stint at NGG, he worked at Nike, leading Energy Marketing, Brand Experience and Product Collaborations.

Cristiano Fagnani

Amidst the reshuffle, Stephanie Phair has been appointed Chair of NGG. Phair is a seasoned luxury executive, for example, she founded TheOutnet.com while an executive at Net-a-Porter. She previously sat on the Board of Directors for Moncler S.p.A. and was the Chair of the British Fashion Council.

Stephanie Phair

NGG CEO, Davide De Giglio, and his Co-founder, Executive Director and Off-White CEO, Andrea Grilli, are stepping down from their roles.

Davide De Giglio, Co-founder of NGG, commented: "As the co-founder of NGG, I take this moment to reflect on the remarkable decade that has transpired since the inception of our platform. We are indebted to Farfetch, who recognized our potential and backed our ambitions. Their acquisition has not just fostered our growth but has also ensured our global presence and influence.

"Today, after a beautiful ten-year journey, I step down from my position at NGG."

José Neves, Founder, CEO and Chair at Farfetch, said: "New Guards has performed extremely well since 2019, and has continued to execute on its strategy with the recent launch of Reebok.

"I would like to thank Davide and Andrea for their dedicated leadership over the past four years, and for building a very strong team of successors to continue driving the strategy and operations of NGG. They leave with my fondest best wishes for their future endeavours. With a very experienced management team in Cristiano, Ib, Stefano and Francesco and the added benefit of Stephanie’s oversight, I am confident in the continued success of NGG."