The Latest Appointments at Tom Ford, Walpole, Alberta Ferretti, Richemont, Orient-Express & Vertu, with exits at Balenciaga, Gilt Groupe, Azzaro & Cacharel
After 15 years with PPR, Nicolas Ghesquire and Balenciaga have reached a “joint decision to end their working relationship,” effective Nov. 30. CEO Isabelle Guichot told WWD a successor would be named “as soon as we’re ready,” and that the brand already has a short list of candidates. Over the weekend Christopher Kane was rumoured to take the top spot, something he has since denied to WWD.
Over at Azzaro, creative director Mathilde Castello Branco has stepped down from her role after just over a year. “The House of Azzaro and Mathilde Castello Branco are moving forward in different directions,” explained a statement from the brand. “Azzaro will shortly be announcing her successor.”
At Cacharel, CEO Pascal d’Halluin has confirmed his exit, also after less than one year in the role. According to WWD, the executive is leaving by mutual agreement with the French label’s founder and president Jean Bousquet following his trial period.
Luca Cordero di Montezemolo, chairman of Ferrari, has resigned his position as chairman of Nuovo Trasporto Viaggiatori, Europe’s first private operator of high-speed trains. “My growing professional commitments force me to step back now that the company is fully operational,” Montezemolo explained to Reuters. “I will continue to contribute to the success of this company, as shareholder and board member.”
Finally Gilt Group’s board and co-founder Kevin Ryan have “agreed about two months ago that Ryan should step aside in favour of a new CEO with strong operations and e-commerce skills.” The to-be-named replacement will be the company’s third CEO in two years, and is expected to steer the eventual launch of an IPO.
Marc Spiegler has been appointed to oversee Art Basel events in Basel, Switzerland; Miami Beach, Florida & Hong Kong, as the organisation re-arranges its leadership team. Mr. Spiegler will chair a four-member executive committee including a director of new initiatives, director Asia, and a director of resources and finance who will be named in the near future.
Kamel Ouadi has joined famed auction house Christie’s as international managing director. Mr. Ouadi most recently served at Louis Vuitton as chief digital officer/chief creative officer, where he was responsible for the conception and launch of NOWNESS.com
Jean-Guillaume Prats will join LVMH-owned Estates & Wines effective February 2013. Mr. Prats will be based in Paris, and will be a board member of the LVMH Comit Oprationnel. Since 2011, Prats has been chairman of the board of Domaines Reybier and Chteau Cos d’Estournel.
Eddy Cue, Apple’s SVP Internet software and services has joined the board of Ferrari. Mr. Cue currently oversees the iTunes Store, the App Store and the iBookstore, as well as Siri, Maps, iAd and Apple’s iCloud services.
Effective January 1, Christophe de Pous will assume responsibility for Gucci North America. Mr. De Pous has served as president and CEO of Gucci Japan since September 2009, and replaces Lauren Lendrum, who left the position in April.
Cristina Egal has been named the first managing director of Lorenz Bumer, reporting to Bumer, the president, founder and creative force behind the brand. Most recently, Ms. Egal operated an eponymous communications agency and boasted such clients as BNP Paribas, Sodexo, Servair and Fondation Claude Pompidou.
John Scott will become president and CEO of Orient-Express hotels, after serving as CEO of Rosewood Hotels & Resorts for over eight years. He replaces Paul White, the former president and CEO of Orient-Express Hotels, who resigned from the company and from the Board last year.
Alberta Ferretti will hand over the creative direction of the Philosophy di Alberta Ferretti collection to Natalie Ratabesi, who most recently served as senior creative director at Ralph Lauren. The British designer and graduate from Central Saint Martins College will make her debut for the brand with the autumn/winter 2013 collection.
Richemont has appointed two longstanding employees as joint chief executives, in a bid to help founder and controlling shareholder Johann Rupert steer the luxury goods group through a period of slowing sales growth in its important Asian markets. Cartier chief Bernard Fornas and deputy chief executive Richard Lepeu will take over from Rupert as CEO in April 2013.
Robert Clergerie has appointed Eva Taub as CEO, following tenure as head of Christian Dior Couture’s leather division at LVMH. The Stanford and Harvard Business School alum previously launched Isotoner in Europe, prior to which she served as a Merrill Lynch financial advisor in New York and Hong Kong.
Former Gucci Group executive Jerome Cheung, has been named to succeed Regina Lam as chief executive officer at Tom Ford, for the Asia-Pacific area. The position is based in Hong Kong and Cheung will be reporting to Tom Mendenhall, vice president and chief operating officer (COO) of the company since 2006.
Luxury phone maker Vertu has selected long-time Nokia executive Anssi Vanjoki as its non-executive chairman following an ownership change. Vanjoki, who spent 20 years at Nokia in various executive positions, left the Finnish cell phone maker in 2010 after the board appointed Stephen Elop as the next chief executive.
UK luxury brand trade body, Walpole, has announced the appointment of Michael Ward, managing director of Harrods, and Jonathan Heilbron, CEO of Thomas Pink, to its board of directors. Prior to joining the board, both Ward and Heilbron have been long-time supporters of Walpole, as Walpole Brands of Tomorrow mentors and regular speakers.
For more in the series of The Latest Appointments, please see our most recent editions as follows:
- The Latest Appointments: PPR, Cadillac & Baccarat
- The Latest Appointments: Mulberry, DVF & Ralph Lauren
- The Latest Appointments: Burberry, Coty & Cond Nast
New leadership for a new year, we bring you the latest luxury industry appointments at LVMH, Fisker Automotive, Alexander Wang, Este Lauder & Bloomberg Pursuits
Brigitte Taittinger has left her post as president of Annick Goutal, following 20 years at the helm. The move comes just eighteen months after Korean group, Amore Pacific, joined forced with US Starwood Capital to acquire the perfume house. A statement indicated that her decision had been made in agreement with shareholders.
Over at BMW, Christoph Stark will retire as China head in February after overseeing BMW sales jump about 15-fold over eight years in the country. Karsten Engel, currently the senior vice president of BMW Group Germany, will take over the China portfolio from March 1 according to Bloomberg.
Nicolas Abboud, chief executive officer of de Grisogono, has suddenly left his post citing family reasons, after only about six months on the job. The company said Abboud’s departure was unrelated to his strategy for the company and not a decision by the board. Abboud is said to be looking for another job in Paris.
Finally, management changes are afoot at Escada following the departure of Denise Shepard – managing director UK – and her French counterpart Nathalie Banessy. Jacob Bjerregaard, VP of sales and trade marketing, will now oversee development in German, Austrian, English, French and Italian markets.
Tanja Ruhnke has joined Alexander Wang as vice president of global branding and communications, taking over responsibilities from Leslie Rubisch, who recently transitioned into consulting. Ms. Ruhnke most recently served as head of communications at Rag & Bone.
PPR have announced the appointment of Alexander Wang to the post of Creative Director of the Balenciaga fashion house. Wang now has responsibility for designing the brand’s women’s and men’s ready-to-wear and accessories collections, as well as for Balenciaga’s image.
Ted Moncreiff has been appointed as the editor of Pursuits, the luxury magazine for Bloomberg terminal customers. Mr. Moncreiff most recently served at Cond Nast Ideactive, the ad agency-like outfit within the company’s corporate ad sales division.
Coty Inc. has confirmed the appointment of Marc Rey as president, Coty Prestige U.S., and regional vice president, Coty Prestige, North America, effective Jan. 2, 2013. Rey replaces Bob Cankes, who will retire in the second half of this fiscal year, after 14 years with Coty and a decorated career within the beauty industry.
German fashion house Escada has announced the promotion of Daniel Wingate, current design director of the Escada mainline collection, to fashion director. Mr. Wingate will be responsible for the direction of the fashion house’s Escada and Escada Sport lines.
Este Lauder has expanded its number of Group Presidents, from two to four, adding two new senior positions to top management. Thia Breen has been named to the new position of Group President North America, and will oversee both the U.S. and Canadian affiliates.
Lynne Greene has been named to the new position of Group President, continuing to oversee the Clinique, Origins and Ojon global brands, with the addition of the Aveda and Darphin brands.
Fisker Automotive has hired Joel Ewanick, the former head of marketing at General Motors, as its interim chief of global sales and marketing. Fisker also confirmed that Richard Beattie, who had been the company’s chief commercial officer, was retiring.
Online luxury retailer Gilt Groupe has added Michelle Peluso to its board of directors. Ms. Peluso spent the previous six years as president and CEO of Travelocity and Executive Vice President of Sabre Holding Corp. Prior, she served as a consultant at the Boston Consulting Group.
Qatar Holding has announced that Sarah Brown, the wife of former Prime Minister Gordon Brown, has been appointed as a non-executive director of Harrods. A spokesperson for Qatar Holding revealed that Brown would provide “input and insight into the company’s strategic initiatives and overall business”.
In a new role for Hearst Corp, Neeraj Khemlani has been tapped as senior vice president and chief creative officer. Mr. Khemlani will work with Hearst’s creative teams, managers and group heads across digital and print platforms, after serving since 2009 as special assistant to the CEO of digital media.
Gerd von Podewils has been named senior vice president, global communications at Hugo Boss, effective Jan. 1. Podewils succeeds 12-year Boss veteran Philipp Wolff, who is leaving the German fashion company at the end of the year to pursue “new business interests.”
French fashion house Leonard said it has appointed Pietro Borsotti as commercial director, in charge of the distribution network and development of both the main collection and the secondary line. Mr. Borsotti was previously managing director of the French divisions of Trussardi and Valentino Fashion Group.
Michael Burke will re-join Louis Vuitton as CEO, following the news that Jordi Constans is stepping down “due to the discovery of a significant health issue.” Mr. Burke most recently served as the head of Bulgari, but also ran Vuitton’s North American business from 1993 to 1997.
LVMH has tapped Pauline Brown as chairman of its North American arm, LVMH Inc, after working as an independent investor and adviser to emerging luxury brands for the past two years. Prior, Ms. Brown served as a managing director at The Carlyle Group, working on the private equity firm’s global consumer and retail team.
Former Celine designer Ivana Omazic recently joined notoriously press-shy Maison Martin Margiela in a ‘senior creative capacity’. After working with brands such as Prada Sport, Jil Sander and Miu Miu, this is the first time Omazic has had such a high-profile role at a house, since Celine.
Ron Offir has joined Michael Kors Holdings Ltd. as senior vice president of its e-commerce division. Mr. Offir will be responsible for leading the company’s new global e-commerce strategy, following tenure as president of e-commerce and retail at The Jones Group.
Ex-Elle style director Kate Lanphear has joined T: The New York Times Style Magazine as style director and will report on the upcoming shows for the U.S. glossy. Ms. Lanphear was named Style Director at Elle in 2008, and was at the magazine for a number of year’s prior.
For more in the series of The Latest Appointments, please see our most recent editions as follows:
- The Latest Appointments: Christie’s, Richemont & Ferrari
- The Latest Appointments: PPR, Cadillac & Baccarat
- The Latest Appointments: Mulberry, DVF & Ralph Lauren
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One chart really jumped out of BofA Merrill Lynch's latest global fund manager survey.
According to BofA Chief Investment Strategist Michael Hartnett, "Hedge fund net exposure to equities jumped to its highest level since August 2006 (net 45%)."
Hartnett also says that "More broadly, the percentage of investors who say they are taking higher-than-normal risk in their portfolio is now highest since April 2011."
These numbers have been rising steadily throughout 2012, as we noted in November.
Netflix stock is up almost 10% after it announced a new deal with Disney.
Here is the full release:
Netflix Inc. (NFLX) and The Walt Disney Company (DIS) today announced a new multi-year licensing agreement that will make Netflix the exclusive U.S. subscription television service for first-run live-action and animated feature films from The Walt Disney Studios.
Beginning with its 2016 theatrically released feature films, new Disney, Walt Disney Animation Studios, Pixar Animation Studios, Marvel Studios and Disneynature titles will be made available for Netflix members to watch instantly in the pay TV window on multiple platforms, including television, tablets, computers and mobile phones. Also included in the agreement are high-profile Disney direct-to-video new releases, which will be made available on Netflix starting in 2013.
Separately, Disney and Netflix have reached agreement on a multi-year catalog deal that today brings to U.S. Netflix members such beloved Disney movies such as "Dumbo," "Pocahontas" and "Alice in Wonderland."
"Disney and Netflix have shared a long and mutually beneficial relationship and this deal will bring to our subscribers, in the first pay TV window, some of the highest-quality, most imaginative family films being made today," said Ted Sarandos, Chief Content Officer at Netflix. "It's a bold leap forward for Internet television and we are incredibly pleased and proud this iconic family brand is teaming with Netflix to make it happen."
"With this cutting-edge agreement, we are thrilled to take our highly valued relationship with Netflix to the next level by adding Disney's premier films to their programming line-up," said Janice Marinelli, President, Disney-ABC Domestic Television. "Netflix continues to meet the demands of its subscribers in today's rapidly evolving digital landscape, and we are delighted that they will have much earlier access to our top-quality and entertaining slate," she continued.
Financial terms of the agreement were not disclosed.
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