LVMH Group / LVMH Fashion Group
Reportedly, Pierre-Emmanuel Angeloglou, the 49-year-old Executive Vice President in charge of strategic missions at Louis Vuitton, a brand under the French luxury conglomerate LVMH Group, will join the LVMH Fashion Group. This division, led by Michael Burke, oversees brands including Celine, Loewe, Marc Jacobs, Givenchy, and Fendi, excluding Louis Vuitton and Dior.
Pierre-Emmanuel Angeloglou
Previously, Pierre-Emmanuel Angeloglou worked under Michael Burke during his leadership at Louis Vuitton. Earlier this year, Michael Burke, aged 67, took over the management of the LVMH Fashion Group from Sidney Toledano.
According to Pierre-Emmanuel Angeloglou’s LinkedIn profile, he joined Louis Vuitton in 2019 as the Director of Fashion and Leather Goods, responsible for brand strategy. During his tenure, he oversaw men’s and women’s products, digital innovation, and media and events for Louis Vuitton. Angeloglou, a 1996 graduate of HEC Paris, also spent over twenty years at L’Oréal Group, eventually becoming the Global Brand President of L’Oréal Paris.
Advent International
Advent International, one of the world’s largest and most experienced private equity firms, announced on March 12 the appointment of Maggie Chan as Operating Partner. Based in Shanghai, Chan will help Advent expand its retail, consumer goods, and leisure industry businesses and work closely with Advent’s investment team, as well as its portfolio company management teams across Greater China and globally.
Ms. Chan will also join the board of Wagas, a leading lifestyle dining group in China with over 350 outlets and one of Advent’s portfolio companies. She will leverage her consumer insights to advise the dining group on marketing and brand strategy, bringing Wagas’ philosophy of “Healthy Eating, Better Living” to more cities in China.
Holding a Bachelor of Science degree from The Chinese University of Hong Kong, Ms. Chan has deep experience in the Chinese and international consumer goods and retail sectors, specializing in managing business transformations and building customer growth strategies. She previously served as the General Manager of Sephora Greater China, under the LVMH Group, and held various positions at Unilever, including as the General Manager of Blueair China, playing a key role in customer growth strategies, retail solutions partnerships, and demand forecasting matrices. She also helped build a global account system for Walmart International.
During her five years leading Sephora, Ms. Chan developed an extensive retail strategy network, establishing the company as one of the largest and most prestigious beauty retail chains in China. She introduced and incubated emerging premium domestic brands such as Herborist, Inoherb, XOVE, and Mao Geping, enriching Sephora’s diverse product portfolio with strong local elements. Many of these brands launched high-end product lines exclusively sold at Sephora.
Ms. Chan said, “I am thrilled to join Advent. Not only does Advent have a strategic investment philosophy and global influence, but it also focuses on the consumer and retail sectors, especially for fast-growing brands in the beauty and cosmetics industry. I believe that the new generation of Chinese domestic brands can resonate with mature, digitally savvy Chinese consumers and speak to a global audience, potentially becoming true industry leaders. With Advent’s support, I look forward to working with these competitive local brands and building a platform for their development.”
Founded in 1984, Advent International has completed over 415 private equity investments in 40 countries and regions, focusing on five core sectors: business and financial services, healthcare, industrial, retail, consumer goods and leisure, and technology. As of September 30, 2023, the company managed assets totaling $91 billion. Advent has long been an investor in the retail, consumer, and leisure sectors, including investments in Wagas, one of China’s largest independent Western casual dining groups; the globally renowned luxury fashion brand ZIMMERMANN; luxury perfume brands Parfums de Marly and INITIO; and the leading sports and yoga apparel retailer lululemon. Other significant investments in this sector include Skala, GHL Hoteles, Eureka Forbes, Orveon, Merama, Dufry, Grupo CRM, DFM Foods, and Olaplex.
Hugo Boss
On March 6, following “significant progress” in its financial reports, the German luxury fashion company Hugo Boss announced the renewal of its CEO and Chairman of the Management Board, Daniel Grieder‘s contract, extended until December 31, 2028. Additionally, Hugo Boss promoted Chief Sales Officer Oliver Timm to Deputy CEO, effective from April 1, 2024. Hugo Boss also renewed its contract with Chief Financial Officer and Chief Operating Officer Yves Müller until December 31, 2027.
Daniel Grieder joined Hugo Boss in June 2021 as CEO, having previously held leadership positions at Tommy Hilfiger and PVH Europe for 16 years.
Daniel Grieder
Recently, Hugo Boss reported that its net profit attributable to shareholders for the fourth quarter increased by 22% year-on-year from €70 million to €85 million, with earnings per share rising from €1.02 to €1.23. EBITDA grew by 2% year-on-year to €219 million, with the EBITDA margin improving from 18.2% to 18.6%. Looking ahead to the 2024 fiscal year, Hugo Boss expects group sales to increase by 3% to 6% to approximately €4.3 billion to €4.45 billion.
Shiseido
On February 27, the Japanese beauty conglomerate Shiseido Co., Ltd. announced the promotion of Alberto Noé, the then Deputy CEO of Shiseido EMEA (Europe, Middle East, and Africa), to President and CEO of the EMEA region, effective from March 1, 2024. Alberto Noé succeeded Franck Marilly, who was promoted to Chairman of the EMEA region.
Alberto Noé joined Shiseido in 2013, previously serving as the country manager of Italy. Before that, he worked at LVMH Moët Hennessy Louis Vuitton, Chanel, and L’Oréal Group.
Alberto Noé (left), Franck Marilly (right)
Franck Marilly has been serving as the President and CEO of the EMEA region since 2018. In his new role, Marilly will continue to mentor and guide Alberto Noé, focusing on expanding Shiseido’s global fragrance business.
Shiseido’s EMEA regional headquarters is located in Paris, France, covering 88 countries and regions, with 10 offices across Europe, the Middle East, and Africa, and approximately 4,500 employees. The region is responsible for distributing global fragrance brands ISSEY MIYAKE, narciso rodriguez, SERGE LUTENS, SHISEIDO Fragrances, Tory Burch, and ZADIG & VOLTAIRE, as well as select makeup and skincare brands Clé de Peau Beauté, Drunk Elephant, NARS, and more. The EMEA region is home to the Group’s Fragrance Center of Excellence (CoE), leveraging Shiseido’s acclaimed scientific methods and innovative technologies to create novel and unique fragrances for the global market, with nearly 100% of its fragrance products manufactured in two factories in France’s Cosmetic Valley.
Symrise
On February 29, the German fragrance and flavor giant Symrise announced that Dr. Jean-Yves Parisot, a current Executive Board member responsible for the Flavor, Nutrition & Health division, will succeed Dr. Heinz-Jürgen Bertram as CEO of Symrise, effective from March 31, 2024. Additionally, the Supervisory Board extended Dr. Jean-Yves Parisot’s contract until September 2028.
Dr. Jean-Yves Parisot (left), Dr. Heinz-Jürgen Bertram (right)
Dr. Jean-Yves Parisot joined Symrise in 2014, holding an MBA from HEC Paris, and became a member of the Executive Board in 2016, overseeing the Flavor, Nutrition & Health division. After assuming his new position, he will continue to temporarily oversee the division until a successor is found. Dr. Parisot has also served as the President of the International Organization of the Flavor Industry (IOFI) since 2023. Before joining Symrise, he held global leadership positions at Pfizer, Rhone Poulenc/Rhodia, Danisco, Air Liquide, and Diana Group before it merged with Symrise.
Dr. Heinz-Jürgen Bertram, who has worked at Symrise for 21 years (19 as a member of the Executive Board and 15 as CEO), has agreed to retire. Reflecting on his career, Symrise Supervisory Board Chairman Michael König stated that Heinz-Jürgen Bertram decisively shaped Symrise.
| Source: Brand/Group official websites, personal LinkedIn pages of the executives, Bloomberg, The Industry Fashion, RTT News, market screener,
| Image Credit: Brand/Group official websites, personal LinkedIn pages of the executives
| Editor: Liu Jun
