Leading International Supply Chain Platform Appoints Fashion Veteran, Signaling Plans for Expansion
NEW YORK, March 2, 2022 – IBrands Global, a leading international supply chain platform and brand collective, today announced that Carmine Pappagallo, a strategic financial executive with nearly three decades of experience in the fashion industry, will join IBrands as the Chief Financial Officer, effective immediately.
Carmine has a successful track record in financial leadership at some of the world’s leading fashion brands, from Valentino and FILA to Proenza Schouler, Derek Lam, and Elie Tahari Ltd. During his 15 years at Valentino, Carmine served as CFO and COO. Carmine was instrumental in designing and executing the brand’s strategic plan in the Americas, with a particular focus on retail and e-commerce expansion and international growth in Canada, Mexico, Central and South America, directly or through strategic partners. Valentino’s revenue increased from approximately $50 million to $300 million by the end of his tenure, with high single digit positive earnings before interest, taxes, depreciation, and amortization (EBITDA).
“We are proud to have Carmine join our team,” said Remy Garson, IBrands Global CEO. “Hiring the former COO and CFO of Valentino to be our CFO is a pinch yourself moment. We believe Carmine will be a major factor in not only the growth of our fashion vertical with brands like Pam & Gela, EBY, bebe and Alloy Apparel, but our entire platform including our health & wellness and food service verticals.”
As IBrands Global’s CFO, Carmine will be executing the financial strategy for IBrands Global supply chain platform. Carmine will also be implementing supportive processes to assist IBrands’ brands achieve smooth operations, drive value, and increase profitability. Carmine will join the executive team at IBrands alongside Marc Garson, Chairman, Remy Garson, CEO, Cole Garson, COO, Darryn Garson, Chief Growth Officer, and Isaac Rosner, President of Sales.
About IBrands Global
IBrands is a leading lifestyle brand collective with diversified holdings under ownership and management. IBrands portfolio of companies include those in industries spanning fashion & accessories, consumer goods, health & wellness, and travel. IBrands designs, produces, and builds brands of distinction with distribution in retail, wholesale and ecommerce in North America, Europe, the Middle East and Asia. IBrands Global’s companies include Bluzen, bebe, EBY, Alloy Apparel, Pam & Gela and Calibreeze. Since the pandemic, IBrands, through its Remcoda food service division, has become the leading importer of safety equipment to the country’s largest distributors, hospitality brands and big box retailers.