Vogue home Chanel hires Unilever shopper items veteran as CEO By Reuters

© Reuters. FILE PHOTO: The emblem of vogue home Chanel is seen on a retailer in Paris, France, June 18, 2020. REUTERS/Charles Platiau

By Silvia Aloisi and Mimosa Spencer

PARIS (Reuters) -French vogue home Chanel named Leena Nair, an govt from Unilever (LON:), as its new world CEO on Tuesday, selecting a shopper items veteran to run one of many world’s greatest luxurious items teams.

Nair’s profession at Unilever spanned 30 years, most lately because the chief of human sources and a member of the corporate’s govt committee.

A British nationwide, born in India, Nair is a uncommon outsider on the helm of the tightly managed household vogue home, identified for its tweed fits, quilted purses and No. 5 fragrance.

The 52-year-old follows U.S. businesswoman Maureen Chiquet, who got here from a vogue background and was CEO of Chanel for 9 years till early 2016.

French billionaire Alain Wertheimer, a 73-year-old who owns Chanel together with his brother Gerard Wertheimer and had initially taken on the CEO job on a brief foundation, will transfer to the position of world govt chairman.

Chanel was based in 1910 by vogue legend Gabrielle “Coco” Chanel as a hat boutique on rue Cambon in Paris

and grew to change into a byword for French stylish.

The group stated Nair, who at Unilever oversaw 150,000 individuals, would be a part of on the finish of January and be based mostly in London. It added that the brand new appointments would guarantee its “long-term success as a personal firm.”

The recruitment of Nair, who rose by the ranks of Unilever having began out as a trainee on the manufacturing facility ground, comes as the style trade is underneath stress to indicate a extra inclusive strategy.

Beneath her watch Unilever achieved gender parity throughout world administration, in keeping with a Harper’s Bazaar profile printed final month, which additionally highlighted her dedication to pay the dwelling wage throughout the provision chain.

Nair serves as a non-executive board member at BT (LON:) and has beforehand served as non-executive director of the British authorities’s enterprise, power and industrial technique division.

Chanel has fiercely defended its independence and solely started publishing monetary leads to 2018. It stated in July it expects to extend gross sales by double digits this yr in contrast with their 2019, pre-pandemic stage of $12.3 billion.

Bernstein luxurious items analyst Luca Solca stated Chanel was following a development of attracting high executives from the buyer packaged items trade.

“Unilever and P&G stand tall as administration reservoirs for the comparatively younger luxurious items trade,” he stated, pointing to Antonio Belloni, basic supervisor of LVMH (PA:) and a former president of Procter & Gamble in Europe, and Estee Lauder (NYSE:) head Fabrizio Freda, additionally a P&G veteran.

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