For one CEO arriving, one is leaving. Balmain chooses Jean-Jacques Guével to replace Piombini. Kate Spade greets Anna Bakst.
Balmain chooses Jean-Jacques Guével.
After Massimo Piombini’s departure, Balmain relies on Guével. The French manager started working in LVMH’s fashion division, specifically in ST Dupont and Louis Vuitton. Later, he was responsible for the international expansion of Zadig & Voltaire in China and the United States. Guével will take office from next February: “It will support the expansion of the fashion house – explains the brand with a note -, the development of its accessory lines, and will further accelerate Balmain’s international growth”.
Kate Spade’s strategies
Kate Spade and Anna Bakst are going separate ways: the CEO and president of the brand will leave the company at the end of the calendar year. The announcement was made by Tapestry, who controls the brand since 2017. The group, which also owns Coach and Stuart Weitzman, announces that it is already looking for a successor. Meanwhile, the role will be played by Joanne Crevoiserat, Tapestry’s CFO. Bakst was the director of Michael Kors footwear and accessories. She has been Kate Spade ’s CEO from the end of March 2018. “From the beginning of the current quarter, Kate Spade’s performance is in line with times and expectations – Tapestry says -. We are confident in our ability to achieve the goals for this summer season”. (Mv)