Cycle News

Cycle News 2016 Issue 21 June 1

Cycle News is a weekly magazine that covers all aspects of motorcycling including Supercross, Motocross and MotoGP as well as new motorcycles

Issue link: https://magazine.cyclenews.com/i/686229

Contents of this Issue

Navigation

Page 85 of 115

BY ALAN CATHCART PHOTOGRAPHY BY KEL EDGE M V Agusta's President/ CEO Giovanni Casti- glioni, 35, is the only son of the late Claudio Casti- glioni, the man whose love affair with the Italian trophy brand was such that he acquired, sold and repurchased it no less than three times in the space of 20 years. In the months leading up to his father's sad passing in August 2011, Giovanni took over responsibility for running MV Agusta, assuming control of the privately owned company from his father. A graduate of the London Business School who joined MV Agusta in 2002 as director of communication after working in the U.S. for a year with the company's then- importer for North America, Fast by Ferracci, Giovanni Castiglioni had previously fulfilled this role part time, in between running his own fashion business. But with his father already struggling with the illness that would eventually lead to his death, that diversion from the family's core motorcycle business was sidelined after the opportunity to reacquire MV from Harley-Davidson first arose in October 2009. Harley had purchased MV Agusta in July 2008 for a re- ported $109 million, including $70 million in assumed debt. But after throwing millions of dol- lars at its new Italian acquisition to clean up the balance sheet, VOL. 53 ISSUE 21 JUNE 1, 2016 P85 Much has been said about the future of MV Agusta - not all of it nice. In our in-depth, two- part interview with MV Agusta President and CEO Giovanni Castiglioni, Alan Cathcart asks the man who solely holds responsibility of the brand himself to clarify the big rumors that surround the company. Much has been said of MV Agusta's fate of late, not much from the man in charge, until now. Strategic Thought

Articles in this issue

Links on this page

Archives of this issue

view archives of Cycle News - Cycle News 2016 Issue 21 June 1