A new chapter begins at Lancel as Paola Falchi is appointed to lead the historic French leather goods house. Owned by Italy’s Piquadro Group since 2018, the brand — originally founded in 1876 by Angèle and Alphonse Lancel — is now under Falchi’s direction. She succeeds Francesco Pesci, who had overseen the Paris-based label since January 2023.
Paola Falchi, Lancel’s new CEO – Lancel
The brand’s new leader, who began her career in finance departments in the pharmaceutical industry, expanded her expertise with an executive MBA at HEC in 2018. With experience as director of corporate finance at Estée Lauder and director of operations, finance, and strategy at Issey Miyake Europe between 2020 and late 2024, Paola Falchi now joins a company in renewed health. For the 2024–2025 financial year, the company reported sales of €68.8 million, up 6.5% from the previous year.
“Lancel is a company with a unique heritage and strong growth potential. The challenge is to extend this history by building sustainable growth, based on agility, innovation, and the highest standards of customer service. I am delighted to contribute, alongside the Piquadro Group, to the realization of this ambition,” said the CEO in the brand’s press release.
Lancel operates a network of around 15 boutiques and 40 department store corners in France. It also has a dozen standalone stores abroad, notably in Southeast Asia.
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