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L Catterton names former Scholl CEO to lead operations

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Nazia BIBI KEENOO

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September 5, 2025

L Catterton strengthens its team with the arrival of Tobias Klaiber. The manager, who comes from the European fund Aurelius Group and previously headed the Scholl shoe brand, joined the investment fund linked to LVMH and the Arnault family a few months ago as managing director for portfolio operations.

Tobias Klaiber – lcatterton.com

Based in Milan, the manager “brings in-depth expertise in private equity and in leading operational teams,” describes the fund on its website, noting that at Aurelius Group, where he was senior managing director and operating partner, Tobias Klaiber “steered investments in the consumer sector, sat on the board of directors and held CEO positions in portfolio companies.” Between 2021 and 2014, he oversaw the Scholl brand, which joined Aurelius in 2014.

“With a wealth of experience gained as managing director within the Aurelius Group and CEO of Scholl Shoes, Mr. Klaiber will now play a central role in L Catterton’s continued success in managing and growing its portfolio companies,” says the investment company in a note, adding that this appointment “demonstrates L Catterton’s commitment to strengthening the operational performance of its entire portfolio, ensuring that the brands under its umbrella not only grow, but also build on solid operational foundations.”

Tobias Klaiber holds an MBA from the University of Dayton and a master’s degree in finance and information management from the University of Augsburg/Munich. He also completed executive training at the Wharton School of the University of Pennsylvania. He began his career as a consultant and project manager in strategy consulting in the U.S. and Europe.

L Catterton is particularly active in the fashion and luxury goods sector. Earlier this year, the fund took control of Japanese denim brand Kapital. Recent highlights include investments in the Birkenstock footwear brand, which it floated on the stock market in 2023; the Italian luxury goods house Etro; the French brand APC; leather goods manufacturer Polène; and the Italian cosmetics label Kiko.

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Animer launches as French citizen-led union championing regenerative fashion

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January 21, 2026

Not a label, not a lobby, not even a legal entity. That is how Arielle Lévy, president of the Une Autre Mode Est Possible (UAMEP) collective, characterises this nascent union. Animer, an acronym for “Acteurs Nationaux Indépendants Mode Engagée Régénérative,” aims to shine a light on all the initiatives undertaken by fashion stakeholders, from producers to brands, who are advancing responsible, regenerative fashion in France.

The union was founded by eight collectives involved in regenerative fashion – UAMEP

The union was officially launched on Monday January 19, following the petition initiated by Arielle Lévy against Shein in response to the watering down of the anti–fast fashion law. Titled “Paris deserves better than Shein,” the petition drew nearly 140,000 signatures. “I wanted us to unite because I realised how strong the civic voice was,” explains Arielle Lévy. “These collectives are doing superb work and, at a certain point, there is a desire to close ranks, to make society together,” she says.

“Breaking the isolation of initiatives across the regions”

In addition to UAMEP, a number of other collectives are behind Animer, including Fashion Revolution France, L’Âme du Fil (Angers), Collectif Baga (Marseille), Café Flax (Clermont-Ferrand), Le Comptoir de la mode responsable (Poitiers), Le Conservatoire de la Mode Vintage (Isère), and La Grande Collecte/Textile Lab (La Rochelle). “It’s a union of independent collectives, committed to their local areas and sharing the same societal project,” Arielle Lévy emphasises.

The union hopes to represent all French territories
The union hopes to represent all French territories – Collectif Baga

The union plans to focus its efforts on the ground, working across supply chains, regions, practices and even our shared imagination. With “hundreds” of stakeholders already on board via the various founding collectives, Animer is built on ten key ideas: dignity, value-sharing, traceability as a common language, less and better, circular design, smart re-localisation, carbon sobriety, inclusion and plurality, cooperation rather than “sterile competition”, and proof through action.

Animer’s founders plan to bring together all the initiatives active in regenerative fashion across the country. The union hopes to become a preferred interlocutor in defending a societal project focused on respect for the earth, and for men and women. With the help of Fashion Revolution, it aims to act in the national interest by engaging the general public and the country’s institutions.

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L’Oreal to invest $383 million in Indian beauty tech hub

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January 21, 2026

French cosmetics giant L’Oreal said on Wednesday it will set up a beauty tech hub in the south Indian city of Hyderabad with an initial investment ⁠of over 35 billion rupees ($383.4 million).

L’Oréal

The hub aims to be a global ⁠base for AI-driven beauty innovation, create 2,000 tech jobs through 2030, and speed up the rollout of ‍advanced ‌AI beauty solutions, the company said in a ⁠statement.

Nicolas Hieronimus, L’Oreal’s ‌CEO, and the state government of Telangana ‌formalized the partnership at the World Economic Forum, Davos.

Telangana has rapidly emerged as a key investment and technology hub in southern India.

Bilateral ‍trade between India and France stood at $15 billion in 2024, and Indian Prime Minister ‌Narendra ⁠Modi ​and French President Emmanuel Macron have ⁠been ​forging warmer ties.

The two sides have also been working to recast their tax treaty since ​2024 to modernize it by adapting global standards on tax transparency, Reuters ⁠reported in December.
 

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Swarovski appoints new North America general manager

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January 21, 2026

Swarovski on Tuesday announced the appointment of Sindhu Culas to the role of president, general manager, North America at the Austrian jewelry maker.

Sindhu Culas – Courtesy

Based in the luxury firm’s New York City office, Culas will be responsible for “maximizing the Swarovski physical and digital presence and overall brand affinity in the U.S.,” according to a press release.

“We are thrilled to welcome Sindhu to Swarovski. Her vast leadership experience and passion for the brand make her an exceptional addition to our team,” said Kolja Kiofsky, chief commercial officer, Swarovski.

“With Sindhu guiding our next chapter in North America, we are looking ahead to an exciting future filled with creativity, operational excellence, and meaningful growth under our LuxIgnite strategy.” 

A retail veteran with over 25 years of experience across omni‑channel retail and institutional investment management, Culas joins the crystal jewelry maker from G-Star, where she served as CEO of North America at the British denim and apparel brand.

She began her career as a buyer and planner at Macy’s, Talbots, and Lord & Taylor before being promoted to strategy and brand management at Macy’s. Later on, the executive served as senior vendor manager at Amazon and as senior vice president of e‑commerce and strategy for Calvin Klein

“Watching Swarovski’s brand repositioning and momentum in recent years has been inspiring,” said Culas, in response to her new appointment.

“I’m excited to join this exceptional team, collaborate across the business, and help strengthen our position while accelerating growth throughout North America. It’s a remarkable moment for the brand, and I’m thrilled to contribute to the journey ahead.”

Culas’ appointment comes as the luxury jeweller looks to strengthen its position in the North America market. In October, Swarovski’s traveling exhibition “Masters of Light” made its U.S. debut on at the Amoeba Music venue in Los Angeles, coinciding with a collaborative collection with luxury grocer, Erewhon.

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