Overview
- Rigogliosi will report to Ubaldo Minelli, CEO of parent OTB Group.
- The executive previously led retail and commercial at Miu Miu and held senior posts at Fendi, Christian Dior Couture and L’Oréal Luxe.
- Diesel’s revenues rose 3.2% in 2024 at constant exchange rates, while OTB’s turnover fell to €1.8 billion with the decline reported between 4.4% and 5.2% due to wholesale weakness and a China slowdown.
- Direct channels accounted for 57% of OTB’s 2024 sales as Diesel opened 16 stores, including flagships in Seoul, Hong Kong, Singapore and Tokyo, and a new site in Bangalore.
- OTB chairman Renzo Rosso credited Glenn Martens’ creative direction and a 2020 repositioning for strengthening Diesel’s identity and its pull with younger consumers.