Balmain Taps Matteo Sgarbossa as New CEO

Sgarbossa to Lead Balmain into Next Phase, Aiming for Global Expansion and Enhanced Brand Reputation

Matteo Sgarbossa, currently serving as the international director at Givenchy, has been tapped as the new CEO of Balmain, effective May 6. This strategic appointment comes as part of the French luxury brand’s broader initiative to bolster its position in the global luxury market.

Matteo Sgarbossa

Balmain confirmed on Monday that Sgarbossa, who has significant experience within the fashion and luxury goods sector, including prior roles at Gucci, Mango, and Benetton, would be taking over the leadership from Jean-Jacques Guével. Guével is stepping down after four years to pursue other interests. Sgarbossa’s experience and his standing as an executive committee member at Givenchy highlight his readiness to steer Balmain through its next growth phase.

Balmain chairman Rachid Mohamed Rachid, also the CEO of Balmain’s parent company Mayhoola, expressed confidence in Sgarbossa’s capabilities. “Matteo’s strong leadership skills and extensive experience in the fashion and luxury goods industry at senior levels make him the ideal person to lead Balmain. I trust that his energy and global market knowledge will be crucial in this new phase of Balmain and his partnership with Olivier Rousteing will lead to a very successful chapter in the history of the house,” Rachid stated.

Sgarbossa is tasked with accelerating Balmain’s international expansion, building on the solid foundations laid in recent years. He is expected to work closely with Balmain’s long-standing creative director, Olivier Rousteing, to enhance the brand’s offerings and customer experience. “Balmain has been synonymous with creativity and innovation since its founding in 1945,” Sgarbossa said. “I am beyond excited to continue building on this singular legacy. I express my sincere gratitude to Mr. Rachid and Mayhoola for entrusting me to guide the house into its next successful chapter.”

Balmain Fall 24

Sources familiar with the matter describe Sgarbossa as a dynamic and inspirational leader, noted for his passion for product excellence and meticulous attention to detail. His strategic priorities include refining the product offerings, elevating the retail experience, and ensuring focused and impactful communications and marketing strategies.

Balmain has seen significant growth since its acquisition by Mayhoola in 2016, with revenues doubling to an estimated 300 million euros. Accessories have become a crucial part of the business, now accounting for nearly 25 percent of total sales. Under Sgarbossa’s leadership, the brand aims to expand its market presence without compromising its renowned quality and craftsmanship.

The announcement follows the recent departure of another senior Balmain executive, Txampi Diz, who served as chief marketing officer at Balmain, left the company earlier this month to assume a similar position at Casablanca Paris. Balmain has not yet announced his replacement.