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Gucci appoints Christophe Marque as CEO of Americas

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January 28, 2025

Gucci has named Christophe Marque as its new president and CEO of Gucci Americas, effective April 1, according to WWD. 

Gucci appoints Christophe Marque as president and CEO of Americas. – Gucci

Marque, who brings 25 years of experience in brand, merchandising, and retail management, will report to Cayetano Fabry, Gucci’s chief commercial officer. Fabry, a former Saint Laurent executive, assumed his role last August as part of CEO Stefano Cantino’s strategic overhaul.

Marque succeeds Federico Turconi, who exited Gucci last October to become CEO of the SA Hospitality Group.

The appointment is part of Cantino’s broader efforts to streamline operations and sharpen decision-making as Gucci continues its turnaround strategy.

Most recently, Marque was with DFS Group, an LVMH subsidiary, where he served as president of global merchandising and previously held the role of executive vice president of marketing.

His career began at L’Oréal Luxe, where he held key roles across Europe and Asia for luxury brands such as Lancôme, Yves Saint Laurent, and Giorgio Armani. He later joined Hermès as general manager for Fragrances France & Benelux, establishing their first beauty subsidiaries.

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Fashion

Swiss watch exports fall 2.8% in 2024

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January 30, 2025

Swiss watch exports dipped by 2.8% last year to CHF25.9 billion (€27.4 billion) due to a slump of over 25% in China, the Swiss Watch Federation announced on Thursday.

Omega- Facebook

After reaching a historic high in 2023, last year exports continued to decline month after month. FH said that “the downturn in Swiss watches exports intensified in December.” During the last month of 2024, exports fell by 5.4% to CHF2 billion, according to a statement by FH.

The luxury sector has been hit by a slump in demand in China, impacted by slowing economic growth, the housing market crisis and youth unemployment. This in turn has affected other markets where demand is partly dependent on Chinese tourists.

Swiss watches exports to China fell by 25.8% in 2024, and exports to Hong Kong by 18.7%.

In the USA, where the sector began to bounce back in 2021 after the pandemic, exports have instead continued to grow, posting a 5% year-on-year increase, according to FH figures.

In Europe, the picture was mixed, with exports falling by 1.6% in the UK and Italy, and by 3.8% in Germany, while they rose by 2.5% in France.

On Thursday, Swiss watchmaker Swatch Group published annual results showing a sharp revenue decline, hit by “the marked downturn in demand for consumer goods in China,” the group said in a press release.

Sales for the Swatch Group, renowned for its colourful plastic watches but also the owner of some 15 other brands (including Tissot, Longines and Omega), decreased by 14.6% in 2024 due to the drop in Chinese demand, but also to a decline in watch component orders.

In mid-January, Swiss giant Richemont took the luxury sector by surprise when it reported a 10% rise in quarterly sales, fuelled by growth in other markets during the holiday season.

But Cartier owner Richemont’s growth was driven chiefly by jewellery, a segment more resistant to the vagaries of the uncertain economic climate. Sales of Richemont’s watchmaking division fell by 8% between October and December.

Copyright © 2025 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.



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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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Kering sells Italian luxury outlets to U.S. investor Simon

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Reuters

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January 30, 2025

French luxury group Kering announced on Thursday it had sold 100% of its Italian The Mall Luxury Outlets to U.S. real estate investor Simon, generating some €350 million in net proceeds as part of a wider plan to restructure its real estate portfolio.

KERING

Kering’s brands will maintain a presence in the two sites, located near Florence and Sanremo, the company said.

© Thomson Reuters 2025 All rights reserved.



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