CEO of Louis Vuitton Japan David Ponzo has been catapulted to the role of EVP for global commercial activities at LVMH's flagship brand, succeeding Anthony Ledru, who has taken over as head of Tiffany & Co.
The ailing fashion group, listed on the Hong Kong stock exchange, has appointed Mark Daley, formerly with Billy Reid, Ralph Lauren and DFS, as its new CEO, while Yung Ting Wan has taken charge of product development.
LVMH has appointed Chris de Lapuente as its new Chairman and CEO of the luxury conglomerate’s Selective Retailing Division, making him one of the most powerful executives within the giant French luxury conglomerate.
Recovering sales of Louis Vuitton handbags helped LVMH contain the fallout from the coronavirus crisis in the third quarter, as the world's biggest luxury goods group reported a smaller-than-expected drop in revenues.
Steve Johnson is to take over as chairperson at value retailer Matalan and it has a new commercial chief too, with James Brown returning to the firm after having been commercial director of GM & Clothing at Sainsbury’s.
LVMH, Kering and Hermès were able to cushion the Hong Kong troubles’ impact on their quarterly results, but the city’s stalemate is problematic. FashionNetwork.com looks at how this could benefit Singapore.