Jean-Philippe Hecquet leaves Lanvin CEO chair after 18 months. Joann Cheng, president of Fosun Fashion Group (FFG), will fill the interim role, pending the identification of a new appointee.
Hecquet leaves the CEO chair
The divorce between French brand Lanvin, controlled by Chinese conglomerate Fosun, and its CEO Jean-Philippe Hecquet is unexpected. The manager had put Lanvin back on track: the brand had lost its bearings after the divorce with designer Elbaz in 2015. In January 2019, Hecquet hired Bruno Sialelli, former creative director of Loewe man’s collection, a brand owned by LVMH. A choice that is bearing fruit with male and female collections, well received by both critics and end consumers.
Now the interim period
Hecquet’s departure takes effect immediately. Cheng, also chairman of Lanvin’s board, assumes the role of interim CEO, as we previously said. He had had this role even before Hecquet’s arrival. Cheng will oversee the brand’s strategy and operations until a successor is appointed.