After a string of encouraging results announcements by luxury conglomerates and brands, it is somewhat surprising to learn of layoffs and retrenchments within various pockets of the industry. Just today, AFP reported that Fisker Automotive – maker of luxury electric and hybrid supercars – will layoff 26 workers in Delaware and another 40 contractors and employees concerned with design and development in California.
Perhaps less surprising is the ‘internal reorganisation’ taking place at French fashion brand
Emanuel Ungaro, a brand that has publicly struggled since its eponymous designer retired in 2004. Whispers of retrenchment were amplified by WWD, which claims the brand will not deliver its spring-summer collection nor present a collection for fall-winter.
“We are going through an internal reorganization to support a new business model that will allow the company to be profitable in the near future," revealed entrepreneur Asim Abdullah, who acquired the brand from Salvatore Ferragamo in 2005. "The company remains financially viable and we believe that the brand will continue to thrive under the new strategy that we will discuss in the coming months,” he concluded.
Richemont controlled French accessories maker Lancel, has parted ways with CEO Marc Lelandais, following “differences of views on major matters regarding the management of the company.” Yves Saint Laurent will part ways with Siddhartha Shukla, global communications director this coming March, following 12 years of service at Gucci Group (now known as PPR Luxury).
And finally, after 30 years at the helm of Château Mouton Rothschild, Hervé Berland is reportedly leaving his post of managing director. He will be replaced by Hervé Gouin, currently marketing director of Rothschild France Distribution.
Dominique Loiseau, Watchmaker, Girard-Perregaux
Dominique Loiseau has joined 220-year-old timepiece manufacturer Girard-Perregaux. Mr. Loiseau possesses more than three decades of experience in horology and is said to be hard at work developing a new movement for the brand, although it will be some time before this will hit the marketplace.
Glen Senk, CEO, David Yurman
Former chief executive officer of Urban Outfitters Inc., Glen Senk has been announced as the next CEO for David Yurman, where he will also take part ownership in the New York based company. Senk succeeds Paul Blum following his move to Kenneth Cole Productions over one year ago. The CEO role had been vacant since.
Alexandre Malgouyres, Communications Director, Sonia Rykiel
Sonia Rykiel has named Alexandre Malgouyres its new global communications director. Mr. Malgouyres most recently served as communications director at John Galliano, after working for Burberry in Paris and New York, and for the public relations agency KCD in Paris.
Roberto Lorenzini, North American CEO, Tod’s
Tod’s Group has named Roberto Lorenzini as chief executive officer of its North American business, overseeing the Tod’s, Roger Vivier and Fay brands. Mr. Lorenzini replaces Marco Giacometti, who has been appointed global manager of e-commerce for Tod’s Group.
Andrea Linett, Vice President, Michael Kors
In a new role for the brand, Andrea Linett has joined Michael Kors as global creative director and also serves as vice president. Ms. Linett was most recently creative director for eBay Fashion, after working with magazines Harper’s Bazaar, Sassy and Lucky.
Valerie Young, Director of Merchandising, Anya Hindmarch
Valerie Young has been named executive director of merchandising at Anya Hindmarch. Most recently Ms. Young served as director of merchandising for Burberry’s worldwide non-apparel and soft accessories business and for Hermès as head of retail operations in the U.K.
Jack Stahl, board of directors, Saks Fifth Avenue
Former Revlon Inc. president and chief executive officer, Jack Stahl, has been named to the board of Saks Inc. to serve on the board’s audit committee. Ronald de Waal, chairman of Dutch retail firm We International, and Christopher Stadler, managing partner of CVC Capital Partners, have resigned due to time constraints.
Cinzia Bernasconi, SVP North America, Pucci
In a bid to further expand in the U.S., Emilio Pucci has appointed Cinzia Bernasconi as senior vice president of its North America Division. Ms. Bernasconi has previously worked in management roles at Roberto Cavalli and Cesare Piaciotti, as well as fellow LVMH company Rossimoda USA.
Ralph Toledano, Development, Jean Paul Gaultier
Former Chloé chairman and chief executive officer Ralph Toledano has been selected to lead development at Puig’s Jean Paul Gaultier and is expected to add Nina Ricci to his responsibilities in the near future. Toledano will continue to serve as chairman of St. John, where he was appointed last August.
Gareth Mostyn, CFO, DeBeers Group
The Board of De Beers has appointed Gareth Mostyn as its chief financial officer, joining from Anglo American where he has served as Head of Corporate Finance. The qualified Chartered Accountant will also be appointed to the DeBeers Board.
François Kress, COO, The Row
François Kress is to join The Row as its first chief operating officer. Mr. Kress most recently served as president and CEO of Prada USA, following service as CEO of Bulgari Americas and president of Fendi North America.
Daniel Ziriakus, Director of Marketing, Camper & Nicholsons
Camper & Nicholsons International have announced the appointment of Daniel Ziriakus as director of marketing. Mr. Ziriakus most recently served as the director of marketing at Northrop & Johnson, after serving as Fraser Yachts’ head of marketing in North America.