London, 21 September 2010 – Advent International, the global private equity firm, today announced that Marcello Bottoli has joined the firm’s Operating Partner Program. He will advise Advent on global investment opportunities in the retail and consumer sectors, with a focus on branded consumer products, fashion and luxury goods.
Mr. Bottoli was President and CEO of Samsonite Corporation, the leading international travel lifestyle brand, until January 2009. During his five year leadership of Samsonite, he was responsible for the company’s financial turnaround and oversaw the successful sale of the firm for $1.7bn.
Prior to this, Mr. Bottoli was Chairman and CEO at Louis Vuitton Malletier, overseeing the brand’s sustained growth, international expansion and entry into new categories.
Mr. Bottoli also has extensive experience in fast moving consumer goods, having spent 10 years working for Benckiser and then Reckitt Benckiser in London, Amsterdam, Paris and Barcelona. Among other responsibilities, as Executive Vice President, he led worldwide marketing, and research and development for Reckitt Benckiser and was responsible for their Pharmaceutical Operations. He also worked on the Benckiser IPO and subsequently the transnational merger and post merger integration between Reckitt & Colman Plc and Benckiser Nv.
Fred Wakeman, Managing Partner and Head of Advent’s London office said: “Marcello’s breadth of experience and outstanding track record in driving value creation in the retail and consumer sectors will be extremely valuable to us in further developing our investment strategy in these sectors. He brings with him a mix of strategic and operational knowhow and a broad range of contacts which will help us to identify and develop the right investment opportunities in retail and consumer.”
“Retail and consumer is a core investment sector for Advent, and Marcello’s significant experience will be instrumental in helping us find and add value to investments in the sector across our international network,” said Tim Franks, Managing Director and Head of Advent’s New York office.
Commenting on his appointment, Mr. Bottoli added: “Advent has an outstanding track record, and I am delighted to join a firm with such deep expertise in the retail and consumer sectors. This partnership will allow me to leverage my experience and take full advantage of Advent’s global presence as we actively pursue new retail and consumer investment opportunities together.”
Mr. Bottoli currently holds board positions at International Flavours and Fragrances, a leading fragrance and flavour provider in New York, at True Religion Brand Jeans, a high fashion denim business in Los Angeles, and at Pandora, a modern jewellery manufacturer in Copenhagen.