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Arc’teryx names new chief merchandising officer, expands leadership at Veilance

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January 30, 2025

Canadian design company Arc’teryx announced on Thursday the appointment of Matt Bolte as chief merchandising officer, as well as Marissa Pardini as general manager, and Ben Stubbington as creative director of the company’s Veilance brand.

Arc’teryx names Matt Bolte as chief merchandising officer. – Arc’teryx

Bolte brings nearly 35 years of retail leadership experience across global markets to Arc’teryx. He previously served as a partner at ThenWhat, focusing on brand consulting and launching innovative apparel brands. Prior to that, he had a 17-year tenure at Nike including key roles in product and merchandising across men’s performance and sportswear categories in multiple regions.

In his new position, Bolte will oversee the strategic direction of merchandising, planning, and business development across all product categories.

“Matt’s deep expertise in executing complex, global merchandising strategies and extensive industry experience will be invaluable as we continue to strengthen our leadership position in both our technical outdoor and premium apparel businesses,” said Stuart Haselden, CEO of Arc’teryx. 

“Over the past year, the merchandising team has undergone a transformative journey. With Matt’s deep understanding of merchandising and his passion for the Arc’teryx brand, he is an excellent fit for this role.”

Meanwhile, Pardini joins Arc’teryx from Vans, where she most recently served as chief product and merchandising officer. In this role, she oversaw the global apparel and footwear product functions, helping drive Vans’ direct-to-consumer sales past the $1 billion mark. Pardini’s experience also includes leadership roles at The North Face and Bloomingdale’s.

As general manager of Veilance, Pardini will lead the brand’s global strategy, ensuring continued alignment with its mission to deliver precision-engineered apparel for urban environments.

Lastly, Stubbington brings nearly 20 years of design leadership experience to Veilance. He previously served as senior vice president of design for Lululemon, where he oversaw men’s, men’s and women’s Lab, and overarching creative direction for the business. Prior to that, Stubbington was creative director for Theory’s men’s division for nearly eight years. He is also a member of the Council of Fashion Designers of America.

Stubbington will oversee Veilance’s creative direction, shaping its product offerings and brand identity.

“The addition of Marissa and Ben to our Veilance team marks a pivotal moment in our journey as we double down on our commitment to innovation and excellence with this unique line in the Arc’teryx collection,” added Haselden. “Their combined leadership and innovative thinking will be instrumental in elevating Veilance as a leader in the performance luxury space.”

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Fashion

Ferragamo’s sales down 4% in fourth quarter, sees “encouraging results”

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January 31, 2025

Italian luxury goods group Salvatore Ferragamo said on Thursday its revenue dropped by 4% at constant currencies in the fourth quarter, flagging “encouraging results” from its direct-to-consumer sales which were overall flat in the last three months of the year.

Ferragamo – Spring-Summer2025 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight

Sales in the North American region, which accounted for 29% of total revenue, were up 6.3% in the quarter.
However, the Asia Pacific area saw a 25% drop in revenue at constant exchange rates.

The slowdown in global demand for luxury goods, especially in China, has made the group’s turnaround harder.
Overall preliminary revenues reached 1.03 billion euros in 2024, in line with analysts’ estimates, according to an LSEG consensus.

“January shows an acceleration in our DTC channel’s growth, albeit supported by the different timing of the Chinese New Year and a favourable comparison base versus last year”, Chief Executive Marco Gobbetti said in a statement.
 

© Thomson Reuters 2025 All rights reserved.



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Spanish beauty group Puig posts 14% rise in holiday sales

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January 31, 2025

Spanish fashion and fragrance company Puig reported a 14.3% rise in fourth-quarter sales on Thursday, beating analyst expectations for the key holiday period.

Charlotte Tilbury

The Barcelona-based company behind perfume brands Rabanne, Carolina Herrera and Jean Paul Gaultier said net sales for the three months to Dec. 31 were 1.36 billion euros ($1.42 billion), above the 1.30 billion euro average forecast from analysts polled by LSEG.

Puig, which generates most of its revenue from fragrance sales, is heavily reliant on the holiday season, with analysts estimating that nearly half of its prestige perfumes are sold in the quarter that includes Black Friday and Christmas.

The company, which also owns luxury skincare and make-up brands Byredo and Charlotte Tilbury, said full-year sales reached 4.79 billion euros ($4.99 billion), up 11% from 2023, surpassing its goal of increasing sales faster than the 6-7% forecast for the global premium beauty market.

The average of analyst estimates was for sales of 4.72 billion euros in 2024, given that it is less exposed to sluggish demand in China and that more than half of Puig’s revenue comes from Europe, the Middle East and Africa while 18% comes from the United States.

The 2024 performance of larger rivals such as Estee Lauder and L’Oreal was hampered by muted demand from China, where a property crisis and high youth unemployment have curbed consumer spending.

Puig said sales in its core fragrance and fashion business grew by 21% in the holiday quarter.

Sales in the make-up division fell 7.2%, with its Charlotte Tilbury brand affected by a voluntary withdrawal of select batches of Airbrush Flawless Setting Spray in December over what Puig described as “an isolated quality issue in a limited number of batches” detected during routine product testing. 

© Thomson Reuters 2025 All rights reserved.



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Reconomy names Amazon’s Zahid new Re-use CEO

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January 31, 2025

UK-based circular economy specialist Reconomy has named long-term Amazon fashion business exec Rakhshan Zahid as chief executive of its Re-use loop, effective immediately.

Rakhshan Zahidwith Reconomy chief executive Guy Wakeley

She will lead the division, made up of Advanced Supply Chain and ReBound, which offers “intelligent platforms and circular logistics through technology-led supply chain, logistics and fulfilment solutions”. 

With a career spanning e-commerce and financial services, Zahid “brings extensive expertise in driving strategic growth, operational excellence and innovation”, Reconomy said, adding: “Her passion for fostering inclusive and collaborative workplaces aligns well with Reconomy’s values”.

Over 10 years at Amazon, she’s held leadership roles in fashion and marketplace businesses, most recently leading the fashion accessories business across Europe. 

She succeeds Claire Webb who will continue in the business throughout this transition as executive chair, having been CEO and MD of Advanced Supply Chain for five years, leading the business through its acquisition by Reconomy in 2021.

Since her appointment as Re-use executive chair, Webb “has played a crucial role in the growth and success of Reconomy’s Re-use loop, including bringing together the leadership teams of ReBound and Advanced Supply Chain to facilitate closer collaboration, realise operational synergies and establish a market-leading global end-to-end returns offer”. She also led the business to open a facility in Nettetal, Germany to become a European superhub for returns and established the business’ Retail Ready service in Europe.
 
The Re-use businesses have also collaborated across Reconomy to develop its textile EPR solution to help brands and retailers comply with emerging regulations being introduced internationally. Webb now plans to pursue non-executive board-level opportunities.
 
Guy Wakeley, chief executive at Reconomysaid: “[Our] Re-use loop is one of our key divisions and counts many of the most successful, fast-growing retailers and e-commerce brands as customers. Rakhshan… brings an impressive track record and considerable experience of significantly scaling retail businesses, which will prove invaluable as we embark on the next phase of growth for Re-use. 

Jelle Schoenmaker continues as MD of ReBound and Ben Balfour continues to lead Advanced Supply Chain, also as MD.

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