Sephora Appoints New President and CEO

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Guillaume Motte has been appointed President and CEO of Sephora, as the wonder retailer continues to develop internationally. He strikes over from guardian firm LVMH’s Vogue Group, the place he has served as deputy chief government beneath Sydney Toledano, chairman and CEO, since Could 2021.

It is a homecoming of kinds for Motte, whose first function was inside LVMH in 2018 as CEO and president of Europe and the Center East, the place he stayed for 3 years earlier than shifting to the style division. Previous to becoming a member of LVMH, he was CEO of French menswear retailer Celio, and was beforehand chief government at Dubai-based way of life retail firm AI Tire Tendencies and managing director at retail chain Fnac, a subsidiary of PPR (now generally known as Kering ) was a part of. Time.

Motte replaces Chris De Lapuente, who has been within the function because the shock exit of former CEO Martin Brock from Sephora in June. De Lapuente will now proceed in his place as President and CEO of LVMH’s Choose Retailing division, which incorporates Sephora, Parisian division retailer Le Bon Marché Rive Gauche, luxurious journey retailer DFS, cruise ship purchasing vacation spot Starboard Cruise Providers and high-quality meals retailer La Puente. Grande is included. epic.

“I’m delighted to welcome Guillaume to Sephora as President and CEO. His experiences over the previous two years with Sidney Toledano at LVMH Vogue Group have broadened his expertise constructing status manufacturers and dropped at his consideration a worldwide has deepened her already intensive retail and enterprise expertise,” mentioned de Lapuente in a put up on LVMH’s LinkedIn. “I’ve little question that she’s going to proceed to make Sephora the extraordinary premium magnificence retailer that we envision. “

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Inside Sephora’s Plans for Progress

What’s subsequent for the wonder retail big? Sylvie Moro, Sephora president for Europe and the Center East, says bodily shops nonetheless have an enormous function to play.

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Sephora has a presence in 35 nations and has over 2,700 shops. In October, the retailer reopened with a web based retailer within the UK, a second try and crack the market after a brief run from 2000 to 2005. The corporate acquired British retailer Feelunique in 2021 and renamed the web site to Benefit from the present native client base. In June, Sephora launched its “China Speed up” enterprise incubator program geared toward growing premium Chinese language magnificence manufacturers, and the corporate says enlargement into Latin America and Asia can be underway.

The corporate is specializing in twin digital and bodily enlargement with a give attention to brick-and-mortar as pandemic restrictions are lifted or eased. Sylvie Moro, Sephora President of Europe and the Center East, informed vogue enterprise Launched earlier this month, she is trying to elevate her profile as a model incubator for indie manufacturers.

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