This morning PPR revealed YSL CEO Valerie Hermann was leaving the company, but would not say where she was going. Well, this afternoon, the answer was revealed: Reed Krakoff. Read more
Along with their 2010 results today Gucci Group announced some big changes – starting with the fact there is no Gucci Group any more. Now there is the “luxury division” of PPR. So: new look/new logo, or something more significant?
Well, along with the name change, come corporate changes: all the GG – oops, no, can’t say that – the LD (?) CEOs will report directly to PPR chieftain Francois-Henri Pinault, and the former CEO of GG, Robert Polet, who just last year moved from London to Switzerland for the Group (starting gossip on the street about all this), will move on yet again, this time to the fabled “new challenges.” Read more
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Vanessa has been the FT’s fashion editor since 2003, and is based in New York, though she lived in London for 12 years.
