Appointment follows strategic investment in K-Way by Permira, announced in October 2024
Torino – 26th November 2024 – Following the announcement of the Permira Funds’ strategic investment in K-Way (the “Company”) on 25th October 2024 (the “Transaction”), today, BasicNet SpA and Permira are pleased to announce that Mr. Luca Lo Curzio has been appointed as the incoming Chief Executive Officer of K-Way, effective from the date of closing of the Transaction following receipt of customary regulatory approvals, expected in Q1 2025.
Luca Lo Curzio brings more than two decades of experience in the retail and luxury industries to K-Way, having held key leadership positions at several leading luxury and consumer companies. Since 2001, Luca has worked for L’Oréal, Danone, Bain & Company, Luxottica, Zegna and Jil Sander, where he is currently serving as Chief Executive Officer. BasicNet SpA and Permira are convinced Luca is the ideal candidate to steer K-Way through its next phase of growth.
Under Luca’s leadership, K-Way will further enhance its leadership position in the outerwear market, pursuing growth across channels with a particular focus on direct-to-consumer. With Luca’s appointment, K-Way aims to reinforce its leading market position in Italy and France, and to expand the Company’s international presence and strengthen its digital and eCommerce capabilities.
Luca Lo Curzio commented: “I am thrilled to have the opportunity to lead this iconic brand into the future. K-Way's rich heritage and strong emotional connection with its customers are truly remarkable. I am looking forward to collaborating with the Boglione family at BasicNet and the Permira team to further enhance the brand's global presence and deliver innovative products and experiences to our loyal customers."
Alessandro and Lorenzo Boglione, Executive Vice Presidents of BasicNet and current co-CEOs of K-Way, commented: "We are very pleased to have found a proven and successful CEO of the calibre of Luca and we are excited to see him driving K-Way going forward. Luca is a true fan of the brand, and he is really focused on turning K-Way into a global brand. We are entirely aligned in terms of the journey going forward and are looking forward to seeing Luca take the business to the next level."
Francesco Pascalizi, Partner and Head of Italy at Permira, and Sebastien Floch Principal and Head of France at Permira, commented: "From our first interaction with Luca, we have shared the same ambition for K-Way, being convinced of its untapped potential to grow in both its domestic markets and in new international territories, as well as the opportunity to continue its growth journey thanks to its strong emotional connection with a broad and diverse customer base. We are really excited about the future prospect of the brand under Luca’s leadership and look forward to working with him."
