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Change of era at New Guards Group (NGG)<\/strong>. Its owner since 2019, the Farfetch<\/strong> Group, is putting its stamp on management.<\/p>\n <\/p>\n On Thursday, Farfetch announced several major changes at its Italian fashion production and distribution subsidiary.<\/p>\n <\/p>\n Firstly, the departure of the two co-founders of NGG, Davide De Giglio and Andrea Grill<\/strong>i, respectively CEO of NGG for the former and CEO of Off-White for the latter.<\/p>\n <\/p>\n <\/p>\n They are replaced in their functions by two executives already in place at Farfetch and NGG.<\/p>\n <\/p>\n Farfetch Group President Stephanie Phair<\/strong> has taken on the additional role of President of NGG<\/strong>, while Cristiano Fagnani<\/strong>, previously NGG’s Marketing Director, becomes CEO of Off-White<\/strong>, the label founded by the late Virgil Abloh.<\/p>\n <\/p>\n The management teams of the other brands in the NGG portfolio<\/strong> (Heron Preston, Unravel Project, Alanui, Kirin, etc.) remain in place.<\/strong><\/p>\n <\/p>\n In a statement, Farfetch founder and CEO Jos\u00e9 Neves “thanked Davide and Andrea for their dedicated leadership over the past four years”<\/em><\/strong> and “for putting together a very strong team of successors<\/strong> to continue driving NGG’s strategy and operations”<\/em>. Jos\u00e9 Neves also emphasized that NGG had “performed extremely well”<\/em> <\/strong>since its acquisition by Farfetch.<\/p>\n <\/p>\n <\/p>\n This reshuffle at the head of NGG comes on the heels of the announcement of Farfetch’s strategic partnership with Authentic Brands Group<\/strong>. Jos\u00e9 Neves was delighted to announce the partnership, which is expected to generate “several hundred million dollars” for his group. It’s true that the partnership encompasses quite a scope for NGG: the takeover of ABG’s Reebok retail stores, e-commerce operations and wholesale distribution in Europe.<\/strong><\/p>\n <\/p>\n The responsibility for overseeing this heavyweight partnership also falls to Cristiano Fagnani, in addition to his management of Off White!<\/strong> Proof of Farfetch’s confidence in its former marketing director…<\/p>\n <\/p>\n For her part, St\u00e9phanie Phair brings valuable luxury expertise to the table, with a brilliant cosmopolitan profile. This Argentinian-Canadian, born in Mexico, with a degree in political philosophy and economics from Oxford (England), launched The Outnet, Net-A-Porter’s ecommerce site dedicated to sale prices, in 2009 and ran it until 2015.<\/p>\n <\/p>\n In 2016, St\u00e9phanie Phair joined Farfetch as chief strategy officer.<\/p>\n <\/p>\n “With a highly experienced management team … and the added benefit of Stephanie’s supervision, I am confident in NGG’s continued success<\/strong>“<\/em>, said Jos\u00e9 Neves.<\/p>\n <\/p>\n <\/p>\n Read also >Farfetch unveils the second class of its Web 3 startup gas pedal program<\/a><\/p>\n <\/p>\n Featured photo : \u00a9 Farfetch[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=”not-logged-in”][vc_column][vc_column_text]<\/p>\n <\/p>\n <\/p>\n Change of era at New Guards Group (NGG)<\/strong>. Its owner since 2019, the Farfetch<\/strong> Group, is putting its stamp on management.<\/p>\n <\/p>\n On Thursday, Farfetch announced several major changes at its Italian fashion production and distribution subsidiary.<\/p>\n <\/p>\n Firstly, the departure of the two co-founders of NGG, Davide De Giglio and Andrea Grill<\/strong>i, respectively CEO of NGG for the former and CEO of Off-White for the latter.<\/p>\n <\/p>\n <\/p>\n They are replaced in their functions by two executives already in place at Farfetch and NGG.<\/p>\n <\/p>\n Farfetch Group President Stephanie Phair<\/strong> has taken on the additional role of President of NGG<\/strong>, while Cristiano Fagnani<\/strong>, previously NGG’s Marketing Director, becomes CEO of Off-White<\/strong>, the label founded by the late Virgil Abloh.<\/p>\n <\/p>\n The management teams of the other brands in the NGG portfolio<\/strong> (Heron Preston, Unravel Project, Alanui, Kirin, etc.) remain in place.<\/strong><\/p>\n <\/p>\n In a statement, Farfetch founder and CEO Jos\u00e9 Neves “thanked Davide and Andrea for their dedicated leadership over the past four years”<\/em><\/strong> and “for putting together a very strong team of successors<\/strong> to continue driving NGG’s strategy and operations”<\/em>. Jos\u00e9 Neves also emphasized that NGG had “performed extremely well”<\/em> <\/strong>since its acquisition by Farfetch.<\/p>\n <\/p>\n <\/p>\n […][\/vc_column_text][vc_cta h2=”This article is reserved for subscribers.” h2_font_container=”tag:h2|font_size:16|text_align:left” h2_use_theme_fonts=”yes” h4=”Subscribe now !” h4_font_container=”tag:h2|font_size:32|text_align:left|line_height:bas” h4_use_theme_fonts=”yes” txt_align=”center” color=”black” add_button=”right” btn_title=”I SUBSCRIBE !” btn_color=”danger” btn_size=”lg” btn_align=”center” use_custom_fonts_h2=”true” use_custom_fonts_h4=”true” btn_button_block=”true” btn_custom_onclick=”true” btn_link=”url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F”]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…<\/p>\nStephanie Phair and Cristiano Fagnani: new responsibilities<\/h2>\n
Partnership with Authentic Brands Group<\/h2>\n
<\/h4>\n
The departure of Davide De Giglio and Andrea Grilli, the two co-founders of NGG, its Italian fashion production and distribution subsidiary acquired in 2019, has been announced by Farfetch. The group has appointed its President, St\u00e9phanie Phair, to head NGG and its Marketing Director, CEO of the Off-White brand.<\/h4>\n
Stephanie Phair and Cristiano Fagnani: new responsibilities<\/h2>\n
Partnership with Authentic Brands Group<\/h2>\n