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Pascal Perrier named new CEO of fashion brand La Perla

26
Aug '18
Courtesy: La Perla
Courtesy: La Perla
Sapinda Holding has announced that it has appointed Pascal Perrier as the group chief executive (CEO) of La Perla, the global luxury-fashion brand. Sapinda is a privately-owned principal investment holding company. Perrier joins from Burberry Group and brings a wealth of sector experience after a 30-plus year career in the luxury fashion sector.

Perrier joined Burberry in 2005 as executive vice president of business development and was appointed chief executive officer Asia Pacific in 2009. In his 13-year tenure, he played a key role in building the Burberry brand, with a market capitalisation in excess of $11 billion, with Asia Pacific being the largest business, fully integrated. Prior to his career at Burberry, Perrier was on the senior management at several other leading luxury fashion houses, including Gucci Group where he executed the acquisition and subsequent integration of Yves Saint Laurent, followed by the acquisition of Balenciaga, the company said in a press release.

The appointment of a new chief executive follows the acquisition of La Perla by investment firm Sapinda in February this year. Since then, Sapinda has been carrying out a full restructuring and turn-around of the business and its operations, with the aim of improving profitability and transforming it into a leading luxury powerhouse. Sapinda has hired an experienced team to lead the turn-around from within, supported by management consulting firm Bain & Company. On the creative design front, La Perla promoted Alessandra Bertuzzi as head creative designer after the departure of Julia Haart.

“La Perla is an iconic brand and one of the world’s leading players in the luxury space. I am very pleased and impressed with the work done by Sapinda and the La Perla team in the last 6 months and the large potential that this business offers. I look forward to working with the Sapinda and La Perla teams to take the business forward in a sector that continues to demonstrate huge growth potential. We will continue to invest in the business and to build on the founding vision and values of the brand,” Perrier said. (GK)

Fibre2Fashion News Desk – India


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