Ex-Coty CEO Pierre Denis, Swiss banker Boris Collardi join Luxurynsight’s advisory board
For Jonathan Siboni, founder and president of Luxurynsight, this announcement sets the course for the next big step in the company's journey. Two well-known top executives from the worlds of luxury and finance have in fact bought a stake in the French company specialised in digital data analysis, whose tools help decision-making at fashion brands like Zara, luxury labels like those owned by the LVMH group, and beauty industry names like Shiseido.
They are Pierre Denis, former CEO of Jimmy Choo and Coty, who has been following Luxurynsight for several years, and Swiss banker Boris Collardi, who has been at the helm of major finance groups such as Julius Baer and Pictet. Denis and Collardi are now shareholders in Luxurynsight, which completed a funding round worth €2 million in 2020.
“It is a pleasure and an honour to have two first-rate partners join in Luxurynsight's adventure: Boris Collardi and Pierre Denis are visionary leaders who have demonstrated their ability to anticipate and prepare the world of tomorrow. If luxury is the intersection between reason and emotion, our technologies would be nothing without the passion and intuition of visionary executives. Boris and Pierre will show us the way,” said Siboni in a press release.
Since Luxurynsight's inception in 2011, Siboni has worked alongside a number of experienced industry leaders, like Christian Blanckaert (formerly with Hermès), Stanislas de Quercize (ex-Cartier) and Isabelle Gex (ex-Shiseido). Denis and Collardi joining the advisory board will bolster Luxurynsight’s plans, which notably include expanding the client portfolio. Luxurynsight reckons on 2,000 potential clients worldwide, with significant room for growth in China.
Luxurynsight has about 50 employees in France and about 20 in China. Its solutions, notably data analysis tools enabling brands to refine their pricing and retail strategies, have been adopted by clients in Europe and China, in a variety of markets. According to Luxurynsight, its main growth potential lies in the latter country, where the company is working with retail distribution groups Wangfujing and Bailian.
"We are pleased to support Jonathan and Luxurynsight in this acceleration phase. The relevance of their solutions has been demonstrated in recent years by the company’s growth, and the fact its tools have been adopted by the finest luxury labels,” said Collardi. “Jonathan and his team have successfully created key tools to support decision-making in an increasingly complex environment. I am delighted to support them in this new expansion phase,” said Denis.
Besides seeking to attract new international clients, and strengthening its staff in France and especially China, the company, with which FashionNetwork.com is producing a podcast series, is expected to launch a new funding round shortly.
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