Mulberry have announced that Bruno Guillon, Managing Director of Hermés France is to join them as Mulberry CEO, replacing Godfrey Davis who is rumoured to be moving to a non-executive chairman role at the fashion house. Mulberry have posted record profits this year but the hiring of a CEO from a European company suggests that they may be looking to grow their company further.
I wonder what 2012 will hold for the company?
Speaking of Hermés, LMVH have announced this morning that they have increased their share in the company purchasing an extra 0.9% to take their overall share to 22.3%. This is despite having to convince the family owned company back in October when they last purchased shares that they were not attempting a take-over of the brand. As a result of that last share increase the AMF agreed that the family could group together their shares to create a 50% holding, preventing LMVH from being able to purchase a majority.
Does anyone else think there is more to this story than we’re hearing?
Meanwhile, over on the other side of the pond the Mulleavy sisters Kate and Laura at Rodarte have turned their hand to another profession; they will be curating a special edition of A Magazine, following in the footsteps of other guest curators such as Riccardo Tisci. The issue will feature Elle Fanning modelling the couture S/S ’12 collection.
Unfortunately the magazine won’t be available for us to buy unless you are travelling to a J Crew Store in the US any time soon.
If you are, send me an e-mail!