LuxExperience Propels Strategic Transformation With Mytheresa CEO Transition [Forbes]
COMPAGNIE FNCE RCH UN/ADR (CFRUY)
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Source: Forbes
LuxExperience, the Germany-based operator of virtual online luxury fashion department stores, just announced the appointment of Francis Belin as the new CEO of its flagship Mytheresa brand. LuxExperience CEO Michael Kliger, also doing double-duty as Mytheresa CEO, will turn over the reins to Belin on January 1. That will free Kliger to focus on getting the group's flailing Net-A-Porter, Mr Porter and YOOX brands up to speed—the collection of YNAP brands acquired in April from Richemont, also including The Outnet outlet site. In-coming CEO Belin most recently served as president of Christie's auction house operations in Asia Pacific and brings previous experience with Swarovski and Richemont. His transition from art to fashion retail comes with unique challenges. Fashion retailing runs at a faster pace, serving a broad range of customers with diverse tastes in style. The art auction market, by contrast, operates at a more measured pace, selling one-of-a-kind pieces to a personally c
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