American lifestyle brand Tory Burch has announced the appointment of Pierre-Yves Roussel as its new Chief Executive Officer from early 2019 to implement the company’s global strategy focused on operations.
Roussel was chairman and CEO of the LVMH Fashion Group for the last 15 years and a member of the LVMH Executive Committee.
He will be based out of Tory Burch’s New York headquarters, joining and reporting to the company’s board of directors.
Tory Burch, currently CEO and will assume the role of executive chairman and chief creative officer, said there are very few leaders in the industry who have both a commercial track record and a deep admiration for the creative process.
“I respect what he has built at LVMH and value the way he thinks about business, luxury, and the fashion industry as a whole. We have a strong management team in place and Pierre-Yves is a natural fit as we continue to focus on long-term growth and global expansion,” Burch said.
During his time at LVMH, Roussel successfully led the repositioning and global development of the fashion brands portfolio of the group including, among others, Celine, Givenchy, Loewe and Pucci.
He started his career as a financial analyst at HSBC and Morgan Stanley followed by 14 years with McKinsey & Company as a senior partner in charge of the luxury, retail and consumer goods practice.
“I’m very excited to have the opportunity to join such an iconic lifestyle brand with a unique and authentic identity. Under Tory’s leadership, the company has had unprecedented success and is well positioned for long-term growth globally,” said Roussel.
Tory Burch is an American lifestyle brand that inspires people around the world to live in full color with character, beauty and confidence. Launched in February 2004, the collection embodies the personal style and sensibility of its Executive Chairman and Chief Creative Officer, Tory Burch.
It includes ready-to-wear, shoes, handbags, accessories, watches, home and fragrance. There are more than 250 Tory Burch boutiques across North America, Europe, the Middle East, Latin America, Asia and Australia, and the collection is available at over 3,000 department and specialty stores worldwide and toryburch.com. – LuxuryNewsAsia.com