Former Gucci CEO Marco Bizzarri invests in Elisabetta Franchi

A good six months after his departure as Gucci CEO, Marco Bizzarri's next steps are now certain. Bizzarri is investing in luxury fashion brand Elisabetta Franchi, as the businessman revealed in an interview with the industry magazine WWD. The former Gucci CEO is acquiring 23 percent of the Italian fashion house through a private holding company called Nessifashion. However, Bizzarri is not only an investor, but will also take over the chairmanship of the brand on 15 April.