Paul Fossati Joins Sycamore Partners

Paul Fossati has joined private equity firm Sycamore Partners as a managing director. In his new role, Fossati will be the director of capital markets. He will be responsible for all financings for new investments and for the firm’s portfolio companies. Fossati was previously a managing director at Morgan Stanley in its leveraged and acquisition finance group, where he headed up the consumer-retail and financial sponsor verticals. Fossati is a graduate of the Wharton School of Business and Harvard Law School. Stefan Kaluzny, managing director of Sycamore, said, “Paul is a well-respected finance professional with two decades of capital markets experience…. As Sycamore continues to grow, having in-house capital markets expertise will create significant value.”

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Desigual to Remember Employees Killed in Germanwings Tragedy

MADRID — Desigual confirmed to WWD on Monday that a moment of silence in memory of its employees Robert Oliver Calvo, 37, and Laura Altamira, 32, who were killed in last week’s crash of Germanwings flight 9525 in the French Alps, will take place this Wednesday. The Barcelona-based fashion company said the brand’s beachfront headquarters and its distribution center in Castelldefels, a coastal town south of the Catalan capital, will observe the moment at 12 noon local time. Eight hundred employees are expected to attend. “Everybody is in a state of shock,” said a company spokesperson about the tragedy. Calvo, one of three Americans onboard the Germanwings flight and a married father of two, and Altamira, who was married last year, headed Desigual’s retail expansion department in Germany. They were flying to Düsseldorf to look at new locations. The brand operates in 109 countries, with distribution in 526 company-owned stores, 8,000 multibrand locations and 2,800 department store “corners.”

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