New CEO of Ungaro reportedly out
These past several years, Emanuel Ungaro has harbored a revolving door of high-profile individuals, all of whom were tapped to revive the rapidly deteriorating fashion house. Now, the newly appointed CEO of Ungaro Jeffry Aronsso has also reportedly left the house.
Can anyone save the House of Ungaro?
In the last three years, Emanuel Ungaro has harbored a revolving door of high-profile individuals, all of whom were tapped to revive the rapidly deteriorating fashion house.
In 2010, following the Lohan fiasco, Ungaro tapped British designer Giles Deacon to join the team. However, that partnership was short-lived, with Deacon bowing out on said mutual terms, after a year and a half with the fashion brand.
Now, the newly appointed CEO of Ungaro Jeffry Aronsso has also reportedly left the house.
Aronsson, a turnaround expert who has helmed companies like Marc Jacobs and Donna Karan, joined the company in June.
As of Wednesday morning, Ungaro claims that Aronsson is still the acting CEO of the designer firm. However, according to WWD, it appears that the short-lived CEO has returned to his investment and consulting firm, Aronsson Group, and will remain there.
Meanwhile, the future continues to look grim for Emanuel Ungaro. With the company's profits dramatically dropping from $18.3 mil in 2007 to $6.2 mil in 2010, it will take much more than critically-acclaimed designs and a handful of high-powered executives to save this sinking ship.