LVMH, the renowned luxury conglomerate, has recently announced Chris de Lapuente as the new Chairman and CEO of its Selective Retailing Division. In addition to his current oversight of Sephora, Le Bon Marché group, and the Perfumes & Cosmetics activity within the group, de Lapuente will now also manage DFS, Starboard @ Onboard, and 24S, the group’s online venture.
This strategic appointment solidifies de Lapuente’s standing as a key player within LVMH, reflecting his successful career path that began at Procter & Gamble. With a turnover of €14.7 billion in 2019, the Selective Retailing Division plays a crucial role in LVMH’s total revenue. Despite accounting for just 12% of the group’s operating profit, the division presents both challenges and opportunities that de Lapuente is well-equipped to navigate.
Under de Lapuente’s guidance, Sephora has emerged as a global leader in prestige beauty retail, celebrated for its innovative in-store experiences and online presence. His adeptness in cultivating new beauty brands like Fenty Beauty exemplifies his exceptional leadership qualities and organizational prowess.
Fenty Beauty, launched in 2017, garnered acclaim for its inclusive range of 40 foundation shades and forward-thinking marketing strategies. De Lapuente’s knack for driving such successful endeavors has earned accolades from Bernard Arnault, Chairman and CEO of LVMH, who commended his effective leadership and results-driven approach.
As a seasoned executive with a rich professional background spanning across Europe, de Lapuente’s tenure at Procter & Gamble and LVMH has prepared him well for his expanded role within the luxury conglomerate. Entrusting him with additional responsibilities underscores LVMH’s confidence in his ability to propel growth and innovation within the Selective Retailing Division.
In essence, de Lapuente’s appointment signifies a strategic move by LVMH to capitalize on his proven expertise in luxury retail and drive the division’s ongoing success. As he embarks on this new chapter, de Lapuente is poised to leave a lasting imprint on LVMH’s Selective Retailing Division and the wider luxury retail landscape.
To learn more about LVMH and its latest developments, visit their official website here. For insights into the luxury retail industry and trends, explore this informative article here.
