Malo has a new owner.
Glickman Capital, led by technology and telecom entrepreneur David Glickman, has acquired the Italian luxury brand. As part of the transaction, Michelle Kessler- Sanders has been named chief executive officer, effective in June. Leonardo Minerva will become chief operating officer, effective immediately. The company will remain based in Florence and will open an office and showroom in Milan.
“We are honored to steward Malo into its next chapter,” said Glickman.
“As one of Italy’s most iconic luxury houses, Malo has long stood for heritage, quality, and timeless elegance. To lead this exciting new era, we are thrilled to soon welcome Michelle Kessler-Sanders as CEO and Leonardo Minerva as chief operating officer.
Together, Michelle and Leonardo form a highly experienced, world-class team. I have full confidence in their ability to honor Malo’s legacy while guiding it toward a bold, international future.”
Naga Brands, a team of entrepreneurs providing functional expertise and financing to creative founders, designers and brands, partnered with Glickman Capital on the transaction. Damien Dernoncourt, founder and CEO of Naga Brands, is supporting the transition as interim CEO of Malo until Kessler-Sanders assumes the role in June.