French luxurious group Kering has named Ewa Abrams as president of its Americas division.
Abrams succeeds Laurent Claquin, the French government who was named chief model officer on the group stage final month.
Abrams labored at Tiffany & Co. for 17 years earlier than becoming a member of Kering Americas as common counsel in 2018. As president of Kering Americas, she’s going to report on to deputy CEO Jean-Marc Duplaix.
Kering’s Americas division is vital to the group’s turnaround plans after gross sales surged within the area within the aftermath of the coronavirus pandemic, prompting the corporate to open new shops in rising buying hubs like Miami and Nashville.
The group, whose prime manufacturers embody Gucci, Saint Laurent and Bottega Veneta, reported round €4.5 billion ($4.9 billion) in gross sales within the area final yr, in contrast €3 billion in 2019.
Group revenues fell 10 % within the first quarter, including stress to the group to speed up its turnaround of flagship label Gucci after a number of years of stagnant gross sales.
Study extra:
Because the French luxurious group makes an attempt to get again on observe, traders, former insiders and trade observers say the group wants a much more drastic overhaul than it has deliberate, experiences Bloomberg.
