Jimmy Choo’s loss is Coty’s gain. Choo CEO Pierre Denis is leaving the luxury footwear and accessories brand after eight years at the helm. He’ll step down from the role in late May and will become CEO of Coty.
Candace Craig Bulishak, who most recently served as chief marketing officer, will now serve as president, while former senior vice president of new product development and operations, Kim Tran, will become COO.
Claudia Marcocci, former SVP of Coty's Gucci Beauty, is taking over as brand general director of Parfums Christian Dior, succeeding Véronique Courtois, who stepped down from the role to lead Guerlain in November 2019.
Brand Architekts, the group behind skincare and grooming brands including Super Facialist and Dirty Works, has tapped former Coty marketing director Quentin Higham to be its next chief executive officer.
Advent International, Bain Capital and Cinven are all reportedly candidates to take over the brands in Coty's professional beauty division, including Wella and OPI, as the company looks to stabilise its finances.
The New York-based beauty giant reported a significant narrowing of its net loss in the second quarter on Wednesday, despite falling sales, and also announced the launch of an updated sustainability platform.