Gianfranco Gianangeli, chief executive officer of Maison Margiela since mid-2020, has resigned from the position and can leave in the approaching weeks, market sources told WWD.

His next move couldn’t immediately be learned. The identical sources said Italy’s OTB, parent of the Paris-based fashion house, has already identified his successor and the person is anticipated to reach in the approaching months.

The identity of the brand new manager couldn’t immediately be learned.

Contacted by WWD late on Thursday, OTB confirmed the top of its collaboration with Gianangeli by mutual agreement and added that “the corporate will announce its recent leadership in the approaching weeks.”

Gianangeli has kept a low-profile during his tenure — apt considering that the founding Belgian designer, Martin Margiela, was steadily known as fashion’s invisible man given his personal no-interviews, no-photo policy.

However the business has roared ahead lately, especially in China. Acclaimed British couturier John Galliano has been creative director since 2014, creating fashion fireworks galore and adding heat to the brand’s burgeoning accessories business and its retail expansion.

Gianangeli had joined Maison Margiela from his family-owned, namesake knitwear manufacturer in Perugia, Italy, which he had revitalized, securing production contracts for several marquee European luxury brands.

Before that, he was global retail director at Givenchy and associate international director at Prada. He also worked for several years at Bottega Veneta in various merchandising positions and as that brand’s regional vp in Japan.

When he joined Margiela, sources had described Gianangeli as a well-rounded executive with an entrepreneurial streak, and powerful merchandising flair. He got here in to guide considered one of the important thing growth engines at OTB, alongside its core Diesel brand, and spearheaded several key retail openings and the style house’s move to swanky, expansive recent headquarters on the Place des États-Unis in Paris.

Renzo Rosso’s OTB swept in and acquired a majority stake in Margiela in 2002, considered one of a series of acquisitions aimed toward constructing a multibrand Italian group.

Today OTB also comprises Jil Sander, Marni, Viktor & Rolf and a stake in Amiri, in addition to production arms Staff International and Brave Kid.