Fendi
French luxury conglomerate LVMH Group’s Italian luxury brand Fendi has appointed Pierre-Emmanuel Angeloglou as the new CEO, effective June 1.
Simultaneously, he will continue to serve as CEO of LVMH Fashion Group.
According to Pierre-Emmanuel Angeloglou’s LinkedIn profile, he joined LVMH Group’s flagship brand Louis Vuitton in 2019 as Fashion and Leather Goods Director, overseeing brand strategy. During his tenure, he managed Louis Vuitton’s men’s and women’s products, digital innovation, media, and brand activities. A 1996 graduate of HEC Paris, Angeloglou also worked at L’Oréal Group for over twenty years, eventually becoming Global Brand President of L’Oréal Paris.
Current Fendi CEO Serge Brunschwig will assume a new role within LVMH Fashion Group, to be announced shortly.
Ralph Lauren
On May 23, Ralph Lauren appointed insider Justin Picicci as the new Chief Financial Officer, replacing Jane Nielsen.
Jane Nielsen, who joined the company as CFO in 2016 and took on the additional role of Chief Operating Officer in 2019, will continue as COO.
Justin Picicci’s career began at KPMG Peat Marwick, where he served as a Senior Associate from August 2000 to September 2004. He then joined Interpublic Group (IPG) as Manager of External Reporting and Strategy in September 2004. After over two years, he started his career at Ralph Lauren as Director of External Reporting, later advancing to Assistant Financial Controller and VP of External Reporting. In February 2013, he moved to Hong Kong to oversee Ralph Lauren’s Asian operations, serving as VP and Regional Financial Controller and later as CFO of Asia. In 2017, he returned to the US, taking roles such as Global Financial Controller and Procurement Leader, North American CFO and Global Procurement Leader, and CFO.
Justin Picicci
In its fourth-quarter financial report, Ralph Lauren attributed its $1.57 billion revenue to strong demand in Europe and Asia, and reduced inventory leading to fewer discounts. Sales in China increased by more than 25%, with direct-to-consumer (DTC) sales accounting for two-thirds of total revenue.
Maserati
On May 20, Luca Parasacco officially became the new head of Maserati‘s European division. This appointment aims to fully understand and cover brand goals, strengthening the team led by Global Chief Commercial Officer Luca Delfino, appointed in January 2024.
Luca Parasacco has been with Iveco Group since 1997, managing spare parts projects and distribution networks. In November 2007, he moved to Nanjing as Sales and Marketing Director for Iveco China. After 12 years at Iveco, he joined FCA (Fiat Chrysler Automobiles) for over 11 years, becoming Head of FCA-Owned Dealers in Europe, the Middle East, and Africa, managing around 1,500 employees and selling 100,000 cars with a total revenue of €2 billion. From March 2021 to May 2024, Parasacco served as Senior VP of Global Distribution at Stellantis, a multinational automotive manufacturer formed from the merger of FCA and France’s PSA, contributing to the integration of brands and new network designs.
Luca Parasacco
Maserati CEO Davide Grasso commented that Luca Parasacco’s dedication to coordinating overall after-sales activities, with a focus on commercial profit, new business areas, and customer loyalty processes, is expected to enhance the company’s commercial performance.
Vestiaire Collective
French luxury giant Kering Group’s European online retailer for second-hand fashion and luxury goods, Vestiaire Collective, has appointed industry veteran Rickie De Sole, former CEO of Gucci (Domenico De Sole’s daughter), as a board member. With De Sole’s appointment, Vestiaire Collective has achieved its goal of having 50% female board members.
Rickie De Sole has been VP and Fashion Director at Nordstrom since January 2022. Previously, she was Executive Fashion Director at Vogue.com, Fashion Director at W Magazine, Accessories Director at Vogue, and held PR positions at Prada. De Sole also served on the boards of Rent the Runway and Thom Browne under the Zegna Group. This appointment comes as Vestiaire Collective plans to expand its US operations and pursue B Corp certification.
Rickie De Sole
The company stated that Rickie De Sole’s extensive industry experience and her deep understanding of the US market will strengthen Vestiaire Collective’s efforts to solidify its foothold in the American market.
Recently, Vestiaire Collective moved its global CEO Maximilian Bittner to New York, establishing a new US market team led by North American CEO Samina Virk, and launched a 0% commission structure for US sellers. The company also introduced VIP concierge services in New York and organized exclusive celebrity wardrobe sales, including that of Oscar-winning actress and producer Jessica Chastain.
Kempinski Hotels
On May 21, Kempinski Hotels, one of Europe’s oldest luxury hotel groups, appointed Barbara Muckermann as CEO.
Barbara Muckermann is an experienced executive with a rich background in the luxury travel industry, and she is the first female leader in Kempinski Hotels’ 127-year history. Before joining Kempinski, Barbara Muckermann most recently led Silversea Cruises, a subsidiary of Royal Caribbean Group, and was a member of the advisory board for the globally renowned travel magazine Condé Nast Traveler.
Barbara Muckermann
Barbara Muckermann, a German national, has lived in Italy, France, and the United States. She is fluent in five languages and holds a PhD in political science and economics, as well as an MBA jointly awarded by Columbia University and London Business School.
Over her more than 25 years of experience in the hospitality industry, she successfully increased sales, profitability, and significantly enhanced customer experiences for companies such as Loro Piana, MSC Cruises, and NCL. This makes her an ideal candidate for the CEO position at Kempinski. Currently, Kempinski operates 82 hotels in 36 countries and is preparing for significant growth in new global regions, planning to introduce 34 new hotel properties in Europe, the Middle East, Asia, and Africa in the coming years, further solidifying Kempinski’s global presence and reputation.
Tabayer
American independent fine jewelry brand Tabayer has announced the appointment of Maxim de Turckheim as its global CEO. Tabayer founder and former CEO Nigora Tokhtabayeva will now serve as Creative Director, focusing on design work and shaping the brand’s future creative vision.
Maxim de Turckheim has a rich background in the luxury industry, having served as Head of Luxury Watches and Jewelry Procurement at Mr Porter and Net-a-Porter, subsidiaries of Yoox Net-a-Porter Group. He was responsible for overseeing the overall category P&L and brand relationships. During his tenure, he led the group to significant triple-digit growth, launched new categories including high jewelry and vintage/pre-owned items, and successfully conducted live marketing events.
Nigora Tokhtabayeva commented that Maxim de Turckheim’s expertise in global market exhibitions, strategic planning, and cross-functional collaboration will be a valuable asset to Tabayer.
Maxim de Turckheim
| Source: Brand/Company Websites and Official LinkedIn, Executive LinkedIn Profiles, Reuters
| Images: Brand/Company Websites and Official LinkedIn, Executive LinkedIn Profiles
| Editor: Liu Jun
