Richemont /Buccellati
The Italian high-end jewelry brand Buccellati, under the Swiss Richemont Group, announced that Nicolas Luchsinger will become the CEO of Buccellati starting April 2, 2024. Nicolas Luchsinger currently serves as the President of Asia Pacific for Van Cleef & Arpels, another brand under the Richemont Group. He has held various management positions, including Retail Director and Director of the Heritage Collection, and has accumulated extensive experience during his seventeen years at Van Cleef & Arpels. Before that, he worked at the international auction house Christie’s for nearly 10 years.
Gianluca Brozzetti, the former CEO of Buccellati, will continue to serve as a director on the board of Buccellati Holding Italia Spa in the role of Executive Vice President.
Over the past decade, Gianluca has led the development of the Buccellati Group, including the brand’s addition to the Richemont Group in 2019, playing a crucial role in developing Buccellati into a larger global jewelry and silverware brand.
After taking up his new position, Gianluca will assist Nicolas in the handover process and continue to be directly responsible for production expansion planning and maintenance of existing projects. He will also continue to represent the brand in industry association events and collaboration projects with the Scuola Orafa Ambrosiana (Ambrosiana Jewelry School).
L’Oréal Group/Armani Beauty
French beauty giant L’Oréal Group has appointed Richard Pinabel as the Global President of Armani Beauty, succeeding Véronique Gautier, who had held the position since 2010.
Richard Pinabel currently serves as the Global Deputy General Manager of Lancôme. He has worked at L’Oréal Group for many years, joining the Group’s Armani fragrance division in 2002. In 2006, he planned and was responsible for the launch of Viktor&Rolf’s “FlowerBomb” perfume in the US, then took over the marketing of Ralph Lauren beauty, and was promoted to General Manager in 2008, responsible for brands including Viktor&Rolf, Maison Margiela, Stella McCartney, Boucheron, and Zegna.
In 2012, Richard Pinabel became the General Manager of Yves Saint Laurent Parfums in Japan, later serving as the Global President of Shu Uemura. In 2018, he returned to Europe to lead L’Oréal’s Luxury Products Division in Portugal, and two years later, joined Lancôme.
Lilanz
The Chinese menswear group Lilanz announced a series of board changes effective from February 5, 2024:
- Wang Jun Hong has been appointed as an Executive Director;
- Wang Zhi Yong has been appointed as an Executive Director;
- Lu Hong Te has resigned as an Independent Non-Executive Director and as a member of the Audit Committee and Nomination Committee respectively;
- Liao Jianwen has been appointed as an Independent Non-Executive Director and as a member of the Audit Committee and Nomination Committee respectively;
- Jiang Zhan has been appointed as an Independent Non-Executive Director and as a member of the Audit Committee and Nomination Committee respectively.
Byredo
Nicolas Cordier, the Global CEO of the Swedish fragrance and beauty brand Byredo, recently announced that he has transferred the management rights of the brand to the parent company, Puig Group.
Nicolas Cordier assumed the role of Global CEO of the brand in 2020, with responsibilities including scaling up, sales, and integration, to transfer the company to the next shareholder. He wrote on his personal LinkedIn account: “Mission accomplished!”
From 2020 to 2023, under the leadership of Nicolas Cordier, Byredo’s global net sales revenue doubled, and EBITDA grew by double digits annually.
Meanwhile, Byredo’s direct e-commerce sales increased ninefold, and 50 new profitable standalone boutiques were added. The brand’s team also grew to 600 people.
In May 2022, Puig Group acquired a majority stake in Byredo from the private equity firm Manzanita Capital, further strengthening its portfolio as a luxury fragrance group. Last year, during the integration of Byredo, Cordier successively transferred the global travel retail channels, Spain, Italy, Saudi Arabia, UAE, and distributor markets to Puig Group. He also helped Puig establish subsidiaries in Japan and Korea. The brand also expanded into new product categories, including makeup and jewelry.
Before joining Byredo, Nicolas Cordier was a managing partner at the private equity firm TSG Consumer Partners. Prior to that, he served as the Global CEO of the LVMH Group’s makeup brand MAKE UP FOR EVER, and was responsible for the global business expansion of Parfums Christian Dior. He holds a bachelor’s degree from ESCA (Ecole Supérieure de Commerce d’Abidjan) and an MBA from IAE Graduate School of Management.
Cutler and Gross
The British luxury eyewear brand Cutler and Gross announced the promotion of Jack Dooley to CEO.
In this position, he will be responsible for leading the brand’s continued expansion and development. Jack Dooley joined Cutler and Gross in 2016 as the Global Sales Director, playing a key role in significantly expanding the brand’s international sales footprint. Prior to that, he held multiple positions at Aritzia and DITA Eyewear.
Gap
Gap Inc. (NYSE: GPS) announced the appointment of American fashion designer Zac Posen as the company’s Executive Vice President and Creative Director, and as Chief Creative Officer of the Old Navy brand.
In the press release, Gap noted that Zac Posen is an award-winning designer and entrepreneur, whose 25-year career spans haute couture gowns for the red carpet, ready-to-wear, accessories, and fashion design.
As Chief Creative Officer of Old Navy, Zac Posen’s immediate priority is to lead the brand’s design, merchandising, and marketing. He will work closely with Old Navy’s President and CEO, Haio Barbeito, and report directly to him.
As Gap Inc.’s Creative Director, Zac Posen will also join the company’s executive leadership team as a cultural curator and creative partner to Gap Inc.’s President and CEO, Richard Dickson.
Prior to this, Gap Inc. also appointed Eric Chan as Chief Business and Strategy Officer and Amy Thompson as Chief People Officer.
Spanx
The Canadian shapewear leader SPANX, LLC announced a new management team: the board appointed Caroline (Cricket) Whitton as CEO and Jeanne Jackson as Executive Chairman.
Caroline (Cricket) Whitton currently serves as the President and Chief Growth Officer of SPANX, leading all global revenue and growth efforts for the brand. Since joining the company in 2017, she has been a driver of the brand’s significant digital transformation. Before joining Spanx, she worked at Wayfair, Design Within Reach, and other retail brands.
Jeanne Jackson has accumulated decades of management experience in leading apparel, retail, and lifestyle brands, having served in management roles at NIKE, Walmart.com, The Gap, Victoria Secret, Disney, and Saks Fifth Avenue, Inc. She is also an experienced corporate director, currently serving on the boards of Moncler SpA, Monster Beverage, and Delta Airlines.
| Source: press releases, LinkedIn, FashionNetwork
| Image Credit: Official press releases, personal LinkedIn accounts
| Editor: LeZhi
