link.png Kering hires Grita Loebsack to head luxury division← Back


 
Luxury conglomerate Kering announced earlier today that the company has recruited Grita Loebsack. She will take on the role of CEO of Kering’s Luxury - Couture & Leather Goods’ division for emerging brands.
 
Kering has a large portfolio of luxury goods brands across the world, including Gucci and Saint Laurent. This new appointment will see Kering’s luxury brands be divided up: the CEOs of Alexander McQueen, Balenciaga, Brioni, Stella McCartney, Christopher Kane and Tomas Maier will all be under the supervision of Loebsack, whilst the remainder of Kering’s couture and leather goods brands will continue to report to the chairman and CEO of Kering, François-Henri Pinault. Even though each brand will continue to keep its independence, Loebsack will advise them on strategy and operations as well as ensuring the upkeep of Kering’s high standards for luxury. 

Loebsack, who studied at the London School of Economics, started her career as a strategy consultant. In 1996 she was recruited by L’Oreal and she eventually went on to be appointed Managing Director of L’Oreal UK & Ireland before leaving the company in 2010. Her departure from L’Oreal was followed by a stint at Vichy, and, most recently, Unilever where she was Executive Vice-President of Global Skin Care.
 
In a statement announcing the appointment François-Henri Pinault commented: “I am convinced that her strong, international background will allow us to further develop the brands under her supervision, while identifying and achieving value-creation synergies.”
 
Loebsack will take up her role on the 14th September this year: only then will be able to gage how this structural change at the heart of Kering will have an impact on the luxury goods division.