The Nuo-Backed Group Strengthens Leadership As It Advances Its Turnaround Strategy
Slowear has reported a return to profitability for 2025, alongside a leadership reshuffle aimed at supporting its ongoing repositioning and growth strategy.
The Italian luxury casualwear group posted revenues of €46.4 million for the year, up 2 percent on a like-for-like basis, while EBITDA improved to €0.4 million, compared with a loss of €1.7 million in 2024. On a pro forma basis, EBITDA reached €1 million, signaling early results from the company’s turnaround efforts initiated in 2023.
At the same time, shareholders approved the appointment of a new board of directors, naming Paolo Ferrin as chairman and Alessandro Varisco as chief executive officer. Varisco succeeds Piero Braga, who led the company over the past three years and oversaw the restructuring of its brand platform and a return to positive operating performance despite a challenging macroeconomic environment.
The leadership changes follow a capital increase completed in March, supported by existing shareholders including NUO and new participation from Invitalia, reinforcing the company’s financial base as it moves into its next phase of development.
“Slowear is a company with a unique identity, built over time on quality, product culture and an international vision,” said Varisco.
Our goal, even in a complex market environment, is to continue this relaunch phase by strengthening our presence in key markets and making the Slowear offering even more distinctive for the contemporary customer.”
Varisco brings extensive experience across the Italian fashion sector, having held senior roles at Valentino, Versace and Gianfranco Ferré, before serving as CEO of Moschino and later Twinset. At Twinset, he led a strategy focused on international expansion, retail and franchising development, and digital growth, positioning the brand for broader global reach.
Under its new leadership structure, Slowear aims to build on its recovery by further refining its distribution model, strengthening brand identity, and aligning its collections more closely with market demand. The company also emphasized a continued focus on industrial quality and long-term economic sustainability as core pillars of its strategy.
Founded in 1951 and headquartered near Venice, Slowear operates in the luxury smart-casual segment through brands including Incotex, Zanone, Montedoro and Glanshirt. The group distributes globally through a mix of selective wholesale partners and a retail network of more than 30 stores in key international cities.
The latest results and governance changes position the company to continue its restructuring efforts, as it seeks to stabilize performance and return to sustainable growth in a competitive and evolving market.