Geox posts stable net sales growth in FY17, names ex-Gucci executive its new CEO

Geox S.p.A., in a statement announcing unaudited preliminary results for the year said that consolidated net sales amounted to 884.5 million euros (1,084.5 million dollars), down 1.8 percent at current and down 1.7 percent at constant forex, with the growth of the wholesale channel partially compensating for the planned optimization of the mono-brand store network. The company also announced resignation of the current CEO Gregorio Borgo and appointment of Matteo Mascazzini as the company’s new CEO.