Italian fashion brand Twinset has appointed Gabriele Maggio as its new Chief Executive Officer, effective January 1, 2026. The move marks a pivotal change in leadership for the consumer discretionary apparel company, which trades on both the London Stock Exchange (TWN.L) and the Milan Exchange (TWIN.MI).
- Gabriele Maggio appointed CEO of Twinset effective January 1, 2026
- Twinset reported €128 million in net revenue for FY2024
- EBITDA margin declined to 2.1% in Q3 2024 despite revenue growth
- Company holds €45 million in cash and equivalents as of September 2024
- Market cap: ~€310 million (TWN.L, TWIN.MI)
- CEO transition part of a broader governance and strategic refresh
Twinset has officially named Gabriele Maggio as its new Chief Executive Officer, succeeding the previous executive amid a broader strategic refresh of the company’s leadership team. Maggio, a seasoned executive with over 15 years of experience in luxury retail and brand management, most recently served as Managing Director at a pan-European fashion distributor. His appointment underscores Twinset’s commitment to strengthening its operational and commercial strategy in a competitive global market. The transition comes at a time when Twinset is streamlining its international footprint and focusing on digital-first customer engagement. The company reported net revenue of €128 million for the fiscal year ending September 30, 2024, with a 6.2% year-over-year growth in its core European markets. Despite a modest 2.1% drop in EBITDA margin, the company maintains a solid balance sheet with €45 million in cash and equivalents as of Q3 2024. Market reaction has been measured, with Twinset’s shares (TWN.L, TWIN.MI) showing minor volatility in early trading following the announcement. Analysts note that while leadership changes can signal renewed direction, the impact on stock performance is likely to be incremental unless accompanied by clear execution milestones. The company’s current market capitalization stands at approximately €310 million, placing it among the mid-tier players in the European apparel sector. Investors will be watching Maggio’s ability to drive innovation in product development, enhance digital capabilities, and expand into emerging markets such as Southeast Asia and Latin America. His appointment follows a year-long succession planning process initiated by the board, reflecting a long-term governance strategy focused on continuity and growth.