Dunhill is getting new management.
The British males’s luxurious model introduced Tuesday that Matthew Ives will step in as its chief govt, efficient Oct. 13. He takes over for Andrew Holmes, who had been filling in as interim CEO after his predecessor, Laurent Malecaze, was appointed to steer Richemont stablemate Chloé on the finish of 2023.
The appointment marks a return to Richemont for Ives, who held senior management positions on the conglomerate’s Cartier and Van Cleef and Arpels labels earlier than departing for De Beers, the place he served as senior vp and chief industrial officer for 3 years.
Ives will report back to Philippe Fortunato, CEO of Richemont’s vogue and equipment maisons
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Richemont Sales Up 6%, Defying Deepening Luxury Downturn
The Swiss group’s jewelry division, together with Cartier and Van Cleef & Arpels, grew by double digits within the first quarter, whereas vogue stagnated and watches slumped. Weaker currencies in key export markets and a darkening China market are set so as to add additional stress to luxurious corporations this quarter.