Kering, owner of Gucci, Bottega Veneta and Yves Saint Laurent, is to reorganise its luxury division following the resignation of its managing director Alexis Babeau.

Babeau, who has held the position since March 2011, wished to "take his career in a new direction" and leave the French group.

Babeau's role will effectively be split in two, with Marco Bizzarri heading up couture and leather goods, while Albert Bensoussan will oversee watches and jewellery. The aim, Kering says, is to accelerate the growth of its brands. 

This excludes Gucci, which will remain under the responsibility of its chairman and CEO Patrizio di Marco, and under the direct supervision of Kering chairman and CEO François-Henri Pinault. The changes will take effect next month.

"The new structure reflects the specific character of the businesses of the Group's different brands, and will provide better responses to their particular needs, adapted to each brand's stage of development," said Pinault.

"The introduction of this structure is a logical stage in the formation of a more integrated group, to further accelerate the development of our brands while respecting the autonomy and individual identity of each of them."

Separately, Kering reported a 1.2% increase in first-quarter revenue to reach EUR2.4bn. On a like-for-like basis, luxury sales were up 6.3%, while the sport and lifestyle segment saw a 0.2% drop in revenue.