Next at Lan­vin?

Jean-Philippe Hec­quet, ceo of San­dro, has sub­mit­ted his res­ig­na­tion and is to take up a new role, ac­cord­ing to mar­ket sources.

WWD Digital Daily - - Front Page - BY WWD STAFF

The French fash­ion

house is said to be close to nam­ing Jean

Philippe Hec­quet of San­dro as its new ceo.

PARIS — Lan­vin is ze­ro­ing in on its next chief ex­ec­u­tive of­fi­cer in Jean-Philippe Hec­quet, ceo of San­dro, ac­cord­ing to mar­ket sources.

Hec­quet, who has held the role at the fast- grow­ing French fash­ion chain since 2014, sub­mit­ted his res­ig­na­tion and is ex­pected to take up a new post in the fall, these sources said.

A spokes­woman for Lan­vin told WWD she could not con­firm any hire and that its search is on­go­ing. SMCP con­firmed Hec­quet's de­par­ture and said a new San­dro ceo would be ap­pointed soon.

Find­ing a new busi­ness leader at

Lan­vin has been among the first or­ders of busi­ness for Fo­sun In­ter­na­tional, which ac­quired the French lux­ury house in Fe­bru­ary, oust­ing cre­ative di­rec­tor Olivier Lapidus and gen­eral man­ager Ni­co­las Druz, spark­ing spec­u­la­tion about who might take on the daunt­ing task of re­build­ing the cash-strapped la­bel.

It is un­der­stood the search for a new de­signer is on­go­ing, with Lan­vin aim­ing to re­veal its new man­age­ment and cre­ative duo in the fall. De­signer names in the frame are said to in­clude Haider Ack­er­mann, Car­ven's Serge Ruffieux and Si­mon Porte Jac­que­mus.

Hec­quet has sig­nif­i­cant ex­pe­ri­ence in lux­ury re­tail, hav­ing been in­ter­na­tional re­tail di­rec­tor for Tag Heuer for two years, ac­cord­ing to his LinkedIn pro­file.

Be­fore that, he spent eight years at the flag­ship brand of LVMH Moët Hen­nessy Louis Vuit­ton, act­ing as coun­try head in Canada for Vuit­ton, vice pres­i­dent of op­er­a­tions in North Amer­ica, lo­gis­tics and sup­ply chain man­ager in Hawaii and cat­e­gory man­ager in watches and jew­elry in Paris.

His ré­sumé in­cludes stints at Mercedes-Benz France and on­line car sales start-up Lat­i­tudes-Dif­fu­

Joann Cheng, pres­i­dent of Fo­sun Fash­ion Group and chair­man of the board of Lan­vin, is the in­terim ceo at the fash­ion house.

Druz, a close as­so­ci­ate of for­mer ma­jor­ity share­holder Shaw-Lan Wang, had led the brand since mid-2017 and took up the po­si­tion of man­ag­ing di­rec­tor of Fo­sun Fash­ion Group, sup­port­ing the Chi­nese com­pany's busi­ness ex­pan­sion in Europe, Lan­vin in­di­cated in March.

Women's col­lec­tions are be­ing de­signed by an in-house team, and Lapidus re­turned to his own la­bel.

“By be­ing a part of the Fo­sun Fash­ion Group, Lan­vin's fu­ture growth can lever­age re­sources from the ex­pan­sive global plat­form of Fo­sun's es­tab­lished com­pa­nies and ex­perts,” Cheng said in March.

The old­est French fash­ion house still op­er­at­ing has seen sales erode since a peak of 235 mil­lion euros in 2012. Rev­enues to­taled 110 mil­lion euros in 2017, with a net loss of 52 mil­lion euros, and are pro­jected to shrink to 85 mil­lion euros this year, with losses seen at 40 mil­lion euros, ac­cord­ing to a source with knowl­edge of the la­bel's fi­nances.

Lan­vin has strug­gled to find its foot­ing since dis­miss­ing cre­ative di­rec­tor Al­ber El­baz in Oc­to­ber 2015, fol­low­ing dis­agree­ments between the de­signer and Wang over the com­pany's di­rec­tion. El­baz cat­a­pulted the brand's no­to­ri­ety dur­ing his 14-year ten­ure.

Fo­sun beat Qatari ri­val May­hoola Group to win con­trol of Lan­vin, which was fac­ing a liq­uid­ity cri­sis. The ac­qui­si­tion added a lux­ury as­set to Fo­sun Fash­ion Group, which has been given a man­date to in­vest glob­ally in the fash­ion and re­tail in­dus­tries to lever­age the mo­men­tum in Chi­nese con­sumer spend­ing.

The di­vi­sion aims to cre­ate long-term value through a va­ri­ety of strate­gic ini­tia­tives, in­clud­ing brand build­ing, prod­uct de­vel­op­ment, strate­gic al­liances, en­try into new chan­nels and mar­ket­ing.

Fo­sun, which is ac­tive in the health, prop­erty and min­ing sec­tors, made its first move into fash­ion in 2011 with the ac­qui­si­tion of a mi­nor­ity stake in Greek jew­elry brand Folli Fol­lie. In 2013, it in­vested in the Ital­ian tai­lor Caruso, as­sum­ing con­trol of the com­pany last year, and in 2014 it en­tered the cap­i­tal of Ger­man fash­ion brand Tom Tai­lor Hold­ing AG. Fo­sun also holds a stake in

St. John Knits Inc., the Amer­i­can her­itage knitwear brand.

Back­stage at the Lan­vin men's

spring show.

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