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Gucci Group appoints new President and Managing Director for Boucheron

June 2001




Amsterdam, The Netherlands: Gucci Group N.V. (NYSE: GUC; Euronext Amsterdam: GCCI.AS) announced the appointment of Massimo Macchi as President and Managing Director of Boucheron International S.A. Mr. Macchi will retain responsibility for the Group's watch and jewelry business, as Gucci Group Vice President.

Massimo Macchi joined in January 2001 as Vice President of Gucci Group and General Manager of the Watch and Jewelry business for Boucheron. Prior to Gucci, Macchi was at Bulgari Group, firstly as Executive Vice President of Jewelry, Watches and Accessories Sales Division and, more recently, as Executive Vice President and Chief Executive of the Perfume Division.
Previous positions include three years at American Express Italia Co., where he was Vice President for Marketing and Sales.

Gucci Group N.V. is one of the world's leading multi-brand luxury goods companies. Through the Gucci, Yves Saint Laurent, Sergio Rossi, Boucheron, Roger & Gallet, Bottega Veneta, Alexander McQueen, Stella McCartney and BÉDAT & Cº brands, it designs, produces and distributes high-quality personal luxury goods, including ready-to-wear, handbags, luggage, small leather goods, shoes, timepieces, jewelry, ties and scarves, eyewear, perfume, cosmetics and skincare products. The Group directly operates stores in major markets throughout the world and wholesales products through franchise stores, duty free boutiques and leading department and specialty stores. The shares of Gucci Group N.V. are listed on the New York Stock Exchange and on the Euronext Amsterdam Stock Exchange.

From the Gucci Group Press Release