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Stella McCartney has named Tom Mendenhall its new chief govt, succeeding Amandine Ohayon, who’s stepping down after almost two years on the model’s helm. The information comes amid a pointy downturn in luxurious demand.
Mendenhall brings in depth expertise in luxurious style, together with senior roles at Ralph Lauren, Tom Ford and Gucci. Most not too long ago, he co-founded menswear retailer Jamestown Hudson, which he’ll proceed to supervise alongside his new function.
The management change comes shortly after Stella McCartney purchased again LVMH’s minority stake, restoring the model to full independence. Within the launch, McCartney stated she was “delighted” to welcome Mendenhall, including that his luxurious experience would assist propel the model ahead whereas upholding its moral values.
Ohayon, who guided the corporate by means of its separation from LVMH, will stay an advisor in the course of the management transition.
Study extra:
Bernard Arnault Grapples With the Greatest Stoop in LVMH’s Historical past
The luxurious items maker is reeling from a pointy downturn within the €364 billion business — and questions on succession are rising louder.
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