×
1 310
Fashion Jobs
ESTÉE LAUDER
Clinique - Consultant - Boots, Fosse Park- 7.5 Hours - Part Time, Permanent
Permanent · Leicester
MICHAEL KORS
Sales Supervisor, Multrees Walk
Permanent · EDINBURGH
VASHI
Talent Acquisition Partner
Permanent · LONDON
LEVI'S
Senior Trade Compliance Analyst
Permanent · Northampton
FOOT LOCKER
Geo Marketing Manager United Kingdom
Permanent · London
VANS
Account Coordinator - French Speaking - Vans
Permanent · NOTTINGHAM
ESTÉE LAUDER
Tom Ford - Business Manager - Selfridges, Birmingham - 37.5 Hours - Full Time, Permanent
Permanent · Birmingham
ESTÉE LAUDER
Marketing Executive, Tom Ford Beauty, Kilian, Darphin And le Labo - Travel Retail Emea (Based London)
Permanent · London
ESTÉE LAUDER
Corporate Account Executive, Lagardere, Dfs, Inflight And Aquatic - Travel Retail Emea (Based London)
Permanent · London
ALEXANDER MCQUEEN
Collection Coordinator Assistant
Permanent · LONDON
ESTÉE LAUDER
Clinique - Consultant - Boots, Oxford - 24 Hours - Part Time, Permanent
Permanent · Oxford
ESTÉE LAUDER
Clinique - Consultant - Boots, Sedley Place London - 37.5 Hours - Full Time, Permanent
Permanent · London
PAUL SMITH
Office Administrator
Permanent · NOTTINGHAM
FRASERS GROUP
Trainee Commercial Manager
Permanent · SHIREBROOK
FOREO
Key Account Manager
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis Edinburgh - 26 Hours - Part Time, Permanent
Permanent · Edinburgh
BEARA BEARA
Marketing Executive (Taiwanese)
Permanent · LONDON
BRANDLAB 360 - HULA
Hula by Barbara Hulanicki – Wholesale Sales Manager
Permanent · LONDON
HOMEGOODS
Loss Prevention Detective
Permanent · Countryside
TK MAXX
10933-Loss Prevention Officer Sth Ruislip
Permanent · Ruislip
TK MAXX
10933-Loss Prevention Officer Haringey
Permanent · London
ESTÉE LAUDER
Aveda Haircare Category & Marketing Planning Manager
Permanent · London
Translated by
Barbara Santamaria
Published
Apr 4, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Thomas Meyer ousts several members from Desigual board

Translated by
Barbara Santamaria
Published
Apr 4, 2019

Desigual is cutting all ties with Eurazeo. The Spanish brand, now fully owned by founder and CEO Thomas Meyer after he bought a 10% stake from Eurazeo in August last year, has embarked on a boardroom overhaul. Taking control of the board, he has ousted several board members, and appointed two new directors.


Desigual's headquarters are based in Barcelona - Desigual


The company, which confirmed the departure of creative director Jean-Paul Goude to FashionNetwork.com last month, continues its shake-up. Desigual appointed its first board of directors in 2014 after Eurazeo made a €285 million investment in the business for a 10% stake. Reflecting the recent changes, Thomas Meyer has appointed two new non-executive directors: Jorge Ramirez and Celso Gomariz Orozco, who currently serve as secretary and tax advisor of Desigual parent company Abasic.

“After Thomas Meyer bought back Eurazeo’s 10% stake, the company has made changes to its board of directors. The newly appointed members also sit on the board of other companies within the group,” the brand told FashionNetwork.com. Meanwhile, five board members have been removed, including Eurazeo CEO Virginie Morgon and Eurazeo managing partner and head of development Frans Tieleman.


Desigual's headquarters in Barcelona - Desigual


Desigual has also ousted three independent non-executive directors. Former Pandora chairman and CEO of companies including Samsonite and Louis Vuitton, Marcello Bottoli, is among those removed, as well as Pierre Cuilleret, who once held the role of client director at Desigual. The founder and chief executive of phone company The Phone House until its IPO in 2000, he is currently CEO of Geyser Investments and sits on the board of fashion e-tailer Boohoo. Both Botolli and Cuilleret were appointed to the Desigual board in 2014. Finally, the co-founder of Idealista and former Flickr and Google chief Bernardo Hernandez has stepped down from a role he held since 2016, representing Solon Inversiones.

Founded in 1984, Desigual rose in popularity and made 963.5 million euros in sales in 2014. Since then, the company has seen revenues decline in the last three consecutive years, with sales of 761 million in 2017. In the first half of 2018, revenues reached just 323 million euros, down 14.5% on the same period the prior year. Desigual says it is midway through a turnaround process in a strategy first launched four years ago which has involved a comprehensive review of its product offering. With Alberto Ojinaga as managing director since last autumn and a smaller board, Thomas Meyer’s company  is moving forward with plans to restore growth. But to return to its former glory, the brand will have to rethink its strategy and refresh its offer whilst retaining the elements which once made it reach nearly 1 billion euros in sales.

Copyright © 2022 FashionNetwork.com All rights reserved.