Bonelli, who will join the company on 1st October, will help Phronesis strengthen its research and advisory services to brands, private equity firms, magazines and publications in the luxury and fashion sectors.

Bonelli is also a senior adviser to Emirati property firm DAMAC Holdings and deputy executive vice-president of fashion designer Roberto Cavalli.

Before Roberto Cavalli, Bonelli was the general manager at Pinko, an Italian luxury womenswear brand, and has also worked for various management consulting firms including EY Transaction Advisory Services and EY Parthenon.

Binayak Choudhury, partner at Phronesis Partners, said: “Mr Bonelli’s diverse experience and proven track record will be of great value to our clients. This appointment is very timely as the fashion and luxury sector faces multiple unprecedented challenges as a result of the pandemic.”