SMCP, the renowned French premium fashion retailer, has recently announced the appointment of Patricia Huyghues Despointes as its new Group Chief Financial Officer. Huyghues Despointes brings with her over 15 years of experience at luxury conglomerate LVMH, where she most recently served as the CFO of Givenchy. Her extensive background in finance functions within the Fashion and Luxury Brands industry makes her a valuable asset to the SMCP Executive Committee.
Group CEO Daniel Lalonde commended Huyghues Despointes for her proven track record of success and in-depth understanding of the fashion and luxury landscape. He emphasized the importance of her financial expertise in guiding SMCP through the challenges posed by the ongoing pandemic and towards a promising future.
In her previous roles at LVMH, Huyghues Despointes oversaw the financial controlling team for the Fashion & Leather Goods division, playing a vital role in financing, taxation, and acquisitions. Her tenure at the company since 2004 has equipped her with the necessary skills to drive financial success at SMCP.
The appointment of Huyghues Despointes comes at a pivotal moment for SMCP as it focuses on reinforcing its leadership team following the departure of former CFO Philippe Gautier. Despite the sales challenges brought about by the pandemic, the company has demonstrated resilience, particularly in markets like China and through its digital platforms. Last year, SMCP secured a significant state-guaranteed loan of €140 million in France to bolster its business operations during these uncertain times.
With Huyghues Despointes leading the finance department, SMCP is strategically positioning itself for growth and success in the ever-evolving fashion industry. Her expertise will play a crucial role in developing and implementing financial strategies that will drive the company forward in an increasingly competitive market.
To learn more about SMCP and its recent appointment, visit their official website here. For insights into the latest trends in the fashion and luxury industry, explore relevant articles on Vogue Business here.
