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L’Oréal named a new CFO, Instant Luxe, the Galeries Lafayette’s website will close its doors in December, Celine comes back in the game for men and the other news of the day.
Press Review
L’Oréal names new CFO
The French cosmetics company L’Oréal said on Monday that CFO Christian Mulliez will leave the company next year for personal reasons and will be replaced by Christophe Babule, another former member of the company.
Mr. Babule, who owns Maybelline since 1988 and recently held the position of CFO for Asia-Pacific, will assume operational responsibilities in February, said L’Oréal. Mulliez will leave L’Oréal at the end of April.
The company has also appointed Cyril Chapuis as head of its luxury division. He has been a major growth driver in recent quarters and has until now been Deputy Managing Director in charge of international brands.
Instant Luxe, it’s done
Launched in 2009 on a model of a marketplace of second-hand luxury items authenticated by experts, specialized in bags, accessories, jewellery and watches, InstantLuxe.com will close its doors at the end of December 2018.
The company, acquired by Galeries Lafayette two years ago, has not been able to achieve a balance.
The corners physically present at Galeries Lafayette Haussman and BHV Marais will also disappear. The ten employees will be offered positions within the group.
Celine will join the Menswear schedule in January
Celine will be back in the men’s fashion show calendar. Hedi Slimane, the brand’s artistic director, will present its first all-male collection in 3 years.
Following the success of the first men’s pieces, which appeared during the male-female fashion show at the end of September, the designer decided to make it a full-fledged fashion show.
The organization of a 100% male fashion show is an important bias on the part of the Parisian house. To stage a complete and independent collection, distinct from the women’s fashion show, implies that Celine already has legitimacy as a men’s ready-to-wear brand.
The company confirms that it is in discussions with the Haute Couture and Fashion Federation to set a precise date on the official fashion show calendar.
Cartier reopens its largest store in Asia
Cartier reopens its Ion Orchard store, considered to be the largest flagship in Southeast Asia.
Inspired by Singapore’s rich culture, the brand worked with Parisian artist and designer Bruno Moinard to transform the store inside and out: The store’s new façade features palm trees and raindrops – a nod to the Garden City – on a golden and undulating exterior.
The new three-storey flagship store, with a sales area of 688 m2, has an ultra-exclusive lounge for VIP customers on the top floor.
The reopening will result in an exhibition “Cartier, icon of the style” from November 24 to December 6. “Intended to be a key icon of the House, discover the history of the panther and its evolution through the Cartier exhibition, Icon of style, an exclusive presentation of the emblematic pieces of the Cartier Collection.”
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