SWITZERLAND: Richemont fashion boss Wikstrom resigns
Swiss luxury goods company Richemont has announced the resignation of Marty Wikstrom, the chief executive officer of its fashion and accessories business.
Wikstrom has overseen the strategic development of six of Richemont's brands, including Alfred Dunhill, Azzedine Alaïa, Chloé and Lancel.
She will continue to serve as a non-executive director until the shareholders' meeting on 12 September.
The company, owner of Alfred Dunhill, Chloé and Net-a-Porter, last week reported a 30% increase in full-year profit to reach EUR2bn (US$2.57bn), driven by favourable exchange rates and higher sales.
Compagnie Financière Richemont SA announces the resignation of Marty Wikstrom from her role as Chief Executive Officer of Richemont Fashion and Accessories with immediate effect.
She will continue to serve as a Non-Executive Director on the Board of Compagnie Financière Richemont SA until the shareholders meeting to be held on 12 September 2013.
Ms Wikstrom was first appointed to the Board in 2005 and served as a Non-Executive Director until 2009. In 2009, she became an Executive Director upon her appointment as
Chief Executive Officer of Richemont Fashion and Accessories.
In that role, she has overseen the strategic development of six of Richemont's Maisons, including Alfred Dunhill, Azzedine Alaia, Chloé and Lancel. Since 2009, Ms Wikstrom has also served as a member of the Chairman's Committee and the Group Management Committee. She steps down from those Committees.
The Board of Directors would like to thank Ms Wikstrom for her many contributions to the Group, transitioning the fashion and accessories businesses and positioning them for further prosperous growth.
Further details regarding the Board of Directors may be found on the Group's website at:
Original source: http://www.richemont.com/files/press/company_announcement_17052013_92dhv73.pdf
Swiss-based luxury goods business Richemont is to step up investment in its brands, ruling out rumours that it is seeking to sell some of them off in the near future....
Swiss luxury goods company Richemont has declined to comment on reports it is looking for potential buyers for its Chloe fashion label....
- Improved supplier capabilities benefit Next
- THE FLANARANT: Understand win-win or lose out
- China and Vietnam lead US apparel imports in July
- India's labour law reforms edge a step closer
- Retailers voice concerns on Scottish independence
- H&M goes green with Conscious Denim
- Under Armour "resonating strongly" with consumers
- TPP talks "make progress" but issues remain
- Adidas defends position despite investor unrest
- Brandix selects first "game-changing" innovations
- Apparel Market in China to 2018 - Market Size, Trends, and Forecasts
- Wool in the 21st Century: new prospects for a familiar fibre
- Global market review of denim and jeanswear – forecasts to 2020
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, Key Executives, and Contact Details
- Global Database of the Top 1000 Cut and Sew Apparel Producers - Company Names, Financial Performance, Key Executives, and Contact Details