Loro Piana Names New CEO – WWD

Damien Bertrand has been named chief government officer of Loro Piana, efficient Nov. 15, WWD has discovered.

A rising expertise inside LVMH Moët Hennessy Louis Vuitton, Bertrand is at the moment managing director at Christian Dior Couture in Paris, collaborating intently with inventive and administration groups throughout its ladies’s, males’s and kids’s put on companies.

Bertrand succeeds Fabio d’Angelantonio, who’s leaving Loro Piana after 5 years on the administration helm.

In response to an inside announcement seen by WWD, Bertrand is to “lead a brand new part of evolution at Loro Piana and the event of latest product classes,” whereas guaranteeing the maison stays true to its “extraordinary materials and understated class.”

Lately, d’Angelantonio has steered the Italian model in a youthful route, just lately asking Hiroshi Fujiwara of Fragment fame to design a capsule assortment for Loro Piana, a primary for the model.

Toni Belloni, group managing director at LVMH, stated Bertrand has “proven the flexibility to ship nice outcomes via his sense of product excellence, daring concepts and dedication to model desirability.

“He’s a well-rounded chief, capable of get the perfect from folks, whereas sustaining a robust group spirit,” Belloni added.

Antoine Arnault, chairman of Loro Piana, thanked d’Angelantonio for “steering the transformation of Loro Piana from a household enterprise to an LVMH maison, with nice respect for its heritage and fervour.”

Arnault additionally credited him for “main efficiency enchancment and the modernization of key features and merchandise.”

LVMH acquired an 80 p.c stake in Loro Piana for two billion euros in 2013.

Bertrand joined Dior in 2016 from L’Oréal group, the place he held successive roles for over eighteen years, together with chief government officer of L’Oréal U.Okay.; president of Maybelline New York, and ceo of L’Oréal Brazil.

A graduate of elite French college HEC, he started his profession at LVMH in 1998 as Guerlain’s advertising director for Australia.

LVMH has a robust observe document of grooming executives from inside, notably at star manufacturers Dior and Louis Vuitton.

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