MILAN — If Altagamma’s presidencies are any indicator of what’s driving Italy ‘s luxury market, the wine and nautical sector would reign supreme.

On Thursday, the association of leading high-end Italian companies named Giovanna Vitelli, chair of yacht maker Azimut|Benetti Group, its new leader, effective June 1 until 2028.

Vitelli succeeds two-term president Matteo Lunelli, who is also the chief executive officer of the Lunelli Group, which owns sparkling wine maker Ferrari Trento. Vitelli is the first female to spearhead the foundation in at least 25 years, Altagamma told WWD.

Vitelli has been chairman of Azimut|Benetti Group since March 2023, following the passing of her father Paolo, who founded Azimut in the late 1960s.

Today, the Avigliana, Italy -based firm is the leadi

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