Lanvin Group on Thursday unveiled some key leadership and board changes “designed to strengthen its position in the luxury fashion industry and further advance its strategic goals”.
It has appointed Andy Lew, CEO of St John Knits, as executive president of the group, while Eric Chan “will transition from his role” as CEO to join the board as a director.
The company said the changes reflect its “ongoing commitment to cultivating a dynamic, experienced leadership team capable of driving innovation and sustainable growth in a rapidly evolving market”.
It added that Lew brings more than 35 years of experience in the fashion industry, “with a proven track record of leadership and operational excellence in the luxury sector”.
The business has clearly appreciated his abilities while he’s been running its St John Knits business and has now tasked him with overseeing its wider group operations, “including strategic implementation, business development and growth, financial management, supply chain, information technology, and brand operations”.
Importantly too, he’ll “continue to serve as a key leader within St John Knits International Inc”, but with day-to-day operations managed by a newly established management committee.
As mentioned, Lew has a long and impressive track record and previously held senior positions at Brooks Brothers Group, Ermenegildo Zegna Group, and Nordstrom Inc, “where he played a pivotal role in driving business expansion, leading high-performing teams, and navigating complex global markets”.
What’s also interesting is that as part of his elevation to a more expansive role, the group will establish a second HQ in Europe, which will be led by Lew “to support the company’s global expansion”.
The company, which owns Lanvin, Wolford, Sergio Rossi, St John Knits, and Caruso, is currently headquartered in Shanghai, although its shares are listed on the New York Stock Exchange.
Another change that comes along with the other developments is that the board has approved an expansion from eight to nine members and appointed Alan Liu as a director to replace Grace Fang, alongside Eric Chan’s move to become a director, effective immediately.
Chairman Zhen Huang said the changes “mark an exciting chapter for Lanvin Group as we continue to grow and innovate in the luxury fashion industry. Establishing a second headquarters in Europe under Andy’s leadership underscores our commitment to strengthening our global operations and market presence. I want to thank Eric Chan for his dedicated service as CEO and look forward to his continued contributions as a board member. With Andy’s exceptional expertise and the strengthened board, I am confident we will exceed our strategic goals and deliver even greater value to our stakeholders.”
Burberry announced a key appointment on Friday with the luxury business saying it will soon have a new chief information officer.
It has appointed Charlotte Baldwin to the role and she’ll join the business at the end of March. Baldwin will be responsible for leading Burberry’s global technology team and will join the executive committee. She’ll report directly to Burberry CEO Joshua Schulman.
He described her as “a highly experienced technology and digital leader with a track record of leading large-scale digital transformation”.
She hasn’t previously worked in the luxury fashion sector but has wide-ranging experience across some major-name businesses in Britain.
She’s currently the global chief digital and information officer at coffee chain Costa Coffee where she oversees the company’s technology, digital and data organisation.
Prior to joining that firm, she was the chief information, digital and transformation officer at private healthcare giant Bupa’s Bupa Insurance unit. She’s also held senior roles at Freshfields Bruckhaus Deringer, Pearson and Thomson Reuters.
Burberry has been navigating a tough period of late and Schulman joined in the top job last year, tweaking the firm’s strategy. His approach seems to be paying off with the company last week porting improved results, although the turnaround is still undeniable a work in progress.
Another day, another shopping centre delivering a “record-breaking” performance in 2024. This time it’s Gloucester Quays “capping off another year of considerable growth”, for the owner/operator Peel Retail & Leisure.
That included record Christmas trading at the key Gloucester mall, which helped overall sales for the year finish 6.7% ahead of the national average. Across November and December, retail sales grew 3.6% compared with 2023.
Looking at 2024 in total, an overall 7.4% year-on-year sales increase across its tenants was split between 6.1% for retail, and 8.5% for F&B.
But there was also double-digit growth from leading fashion, homewares, and outerwear brands including Next, Skechers, All Saints, Mountain Warehouse, Puma, Crew Clothing and Suit Direct.
It said sustained growth was seen across all categories “points to the increasing relevance of the Gloucester Quays experience”.
Paul Carter, asset director at Peel Retail & Leisure, added: “There have been various headlines this month about how challenged retail was around Christmas, so to have Gloucester Quays performing so well is a real credit to our team and our brands.
“These results also serve as a reminder of how relevant and in demand this outlet is. We have experienced consistent growth for several years, and that success can be put down to the quality of our offer and waterside environment. There is no doubt our catchment is responding to how we have evolved Gloucester Quays, as an urban outlet that combines a compelling shopping environment with dining and leisure to fit all tastes and needs, benefitting from a heritage waterside setting that few regionally can match.”
Italy’s Give Back Beauty, which makes perfumes for luxury brands such as Chopard and Zegna, on Friday said it had agreed to buy domestic rival AB Parfums to grow its distribution operations and add licensing deals.
Fragrances have been outperforming the broader beauty sector and Give Back Beauty founder and Chairman Corrado Brondi told Reuters his company did not rule a possible bourse listing in the future, adding it had no financial need for it at present.
Brondi said AB Parfumes had sales of around €100 million, which would add to Give Back Beauty’s net revenues that totalled around €300 million in 2024.
Give Back Beauty, which was founded in 2019 and has a distribution deal with Dolce & Gabbana and a beauty license with Tommy Hilfiger, has a core profit margin currently a little over 15%, it said.
AB Parfums is being sold by Italy’s Angelini Industries, a family-owned group that is mostly active in the pharmaceutical sector.
Give Back Beauty’s business is currently focused on fragrances, which represent roughly 70% of its revenues, but it aims to grow its skincare, make-up and haircare product lines, Brondi said.