Richemont, Switzerland based luxury goods company has recruited senior LVMH executive Philippe Fortunato. Recently Fortunato, Chief Executive Officer of Givenchy if appointed to become head of Richemont’s fashion and accessories which include Chloé, Dunhill, Maison Alaïa, and the golf and luxury performance apparel brand Peter Millar.
Richemont is the parent of Cartier, Van Cleef & Arpels, Montblanc, and a bevy of luxury watch brands including A. Lange & Söhne and IWC. Last fall it entered into a joint venture with designer Alber Elbaz known as AZfashion, a from-scratch project aimed at wardrobe “solutions” for women.
The Geneva-based luxury giant confirmed the hire on Tuesday and said Fortunato will start work on Sept. 1.
Most recently, Fortunato spent six years helming Givenchy. A dynamic and seasoned executive, he worked with two creative directors, Riccardo Tisci and Clare Waight Keller, and made a host of changes at the French brand: He ramped up retail expansion, brought couture back to the runway, oversaw the brand’s e-commerce debut, and put the spotlight on its men’s wear division with a slate of initiatives.
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