The former Givenchy CEO has joined the Richemont group, where he will supervise the fashion and accessories division from September. He succeeds Eric Vallet, who left last October to become CEO of Rémy Cointeau.
Few groups have excited as much attention in luxury in the past few years as Fosun, a giant Chinese conglomerate that has gradually built up a significant position as a player in fashion and elegance in Europe.
Emmanuel Macron fêted fashion creativity with a gilded dinner inside the Élysée Palace on Monday night, praising the imaginative foreign elements in the industry, but picking out Jean-Paul Gaultier for special praise.
Tod’s said that preliminary sales figures showed that group revenue fell 2.6% in 2019 to €916.1 million, pushed down by weaker business in Italy and the rest of Europe. A year earlier, Tod’s revenues fell 3% globally.
Tod’s has linked up with the noted Japanese designer brand Mame Kurogouchi for its latest T Factory collaboration. The project was first launched in September 2018 with a collaboration with Alessandro Dell’Acqua.