Alessandro Varisco, CEO of Italian luxury brand Moschino, is leaving the company effective June 30. According to WWD, he's leaving to take over Italy-based womenswear brand Twin-Set Simona Barbieri.
If Moschino's progress under Varisco — who joined the company in 2009 — is any indication, it's safe to presume he's leaving of his own volition. Though, it's also pretty safe to presume Moschino will be okay without him.
Based on the information parent company Aeffe has made public, Moschino helped drive Aeffe into profitability in 2014, and continues to be the company's fastest-growing brand. Of course, much of Moschino's success is due to Jeremy Scott, who was brought on as creative director at the end of 2013. Scott has breathed new life into Moschino, producing polarizing, flamboyant, pop culture-influenced collections and — it's harder to say who's responsible for this next move — making portions of them available for purchase on the same day they were revealed on the runway. Sales have increased tenfold since he joined the company, Michelle Stein, U.S. president of Aeffe, told the New York Times earlier this month.
Varisco leaves about a week after Katy Perry was revealed as the new face of the house. Massimo Ferretti, executive president of Aeffe and Marcello Tassinari, Aeffe's managing director and chief financial officer, will handle his duties until a permanent replacement is found.
Spokespeople at Aeffe, Moschino and Twin-Set did not immediately respond to a request for comment.