Diane Von Furstenberg Names Paolo Riva As Her Successor And Hints At Going Public
It's the end of an era (sort of). Diane Von Furstenberg has hired her successor, Paolo Riva. Riva comes from good stock (think: brands like Tory Burch and Valentino), so we fully support Von Furstenberg's decision and can't wait to see what he can do for the iconic fashion brand.
"He completely seduced me in the way he sees me, the way he sees the brand, the way he sees the potential, and the way he sees the world in disruption," Von Furstenberg said about Riva, according to WWD. That's some sexy corporate talk right there. Riva will start in his new position as the new chief executor of the brand on May 18. Apparently, this guy is now the "ultimate boss" whom everyone in the company answers to.
Von Furstenberg has been searching for a successor for the last two years, according to WWD. While it may have taken a while, it was definitely worth the wait. Italian-born Riva has extensive experience in the industry, and big ideas for the future of the brand.
"What is special about Diane is that she connects emotionally with women of all generations, all around the world," Riva said, according to WWD . "My vision is to unlock the brand potential by offering the relevant mix of products with a unique experience for the consumer. Only a well-orchestrated team can achieve that, and I look forward to leading that team."
This may not be the only change in the company. Von Furstenberg was also a little coy when discussing the company's future, like if it will ever go public. "I want the spirit of the brand to last," was all she would say on the matter. We'll take that as a resounding (and exciting) yes.
According to WWD, DVF has a global distribution network of more than 55 countries and 1,500 points of sale throughout North and South America, Europe, the Middle East and Asia Pacific. Clearly, Riva has some big and fashionable shoes to fill.