Regis Rimbert Named CEO of Wolford AG

Rhea-AI Summary

The Lanvin Group (NYSE: LANV) has appointed Regis Rimbert as the new CEO of Wolford AG, effective June 14, 2024. Rimbert succeeds Silvia Azzali, who is leaving for personal reasons. With over 20 years of leadership in the fashion sector, including roles at Prada and Dior, Rimbert is known for strategic planning, business development, and operational excellence. He aims to drive Wolford's international development, enhance product lines, and embrace technology innovation. Lanvin Group supports this transformation, viewing Wolford as a key growth engine.

Positive

• Regis Rimbert's extensive leadership experience in fashion and luxury sectors.
• Rimbert's history of successfully driving sales and profitability at Wolford from 2009 to 2013.
• Strategic focus on international development, product line enrichment, and technology innovation.
• Lanvin Group’s commitment to support Wolford’s growth and expansion.
• Rimbert’s proven expertise in restructuring investments, optimizing supply chains, and establishing global distribution networks.

Negative

• Silvia Azzali's departure may signal underlying issues within Wolford AG.
• Potential risks associated with leadership transitions and their impact on company stability.
• Challenges Rimbert may face in implementing transformative strategies in a competitive market.

NEW YORK, June 13, 2024 /PRNewswire/ -- Lanvin Group (NYSE: LANV, the "Group"), a global luxury fashion group, announced today that Regis Rimbert has been appointed as CEO of Wolford AG by the Wolford AG's Supervisory Board, effective from June 14th, 2024. He succeeds Silvia Azzali, who has chosen to leave the company for personal reasons.

Rimbert has more than 20 years of distinguished leadership experience across the fashion and luxury sectors, spearheading transformative initiatives in retail, online, and international operations.

With pivotal roles at renowned brands like Prada and Dior, he excels in strategic planning, business development, crisis management, and operational excellence. His achievements include restructuring investments, optimizing supply chains, and establishing global distribution networks. He worked for Wolford, holding senior management positions from 2009 to 2013, during which time he significantly drove up the brand's sales and profitability through omnichannel transformation.

In his new role as CEO, Rimbert's mission is to drive the strategic transformation of the company, focusing on international development, enriching product lines, and innovating technology, all with the aim of making Wolford's innovative fabrics and high-quality products accessible to more customers.

Zhen Huang, Chairman of Lanvin Group said, "With 70 years of heritage, Wolford is an iconic skinwear brand renowned for its exquisite fabrics and top-notch innovations, as well as an integral part of the Lanvin Group family. Lanvin Group will continue to support the brand in its transformation, growth and expansion. We look forward to working with Wolford's new leadership to harness the brand's legacy and utilize its archives as we evolve our product categories and offerings, making Wolford an important growth engine for Lanvin Group."

Eric Chan, CEO of Lanvin Group, said, "We are thrilled to welcome Regis to Wolford. His extensive experience and visionary leadership make him the ideal candidate to lead Wolford to success. His vision aligns perfectly with our commitment to pioneering new trends and meeting the evolving needs of our customers. We would also like to express our gratitude to Silvia Azzali for her valuable contributions to Wolford."

About Lanvin Group

Lanvin Group is a leading global luxury fashion group headquartered in Shanghai, China, managing iconic brands worldwide including Lanvin, Wolford, Sergio Rossi, St. John Knits, and Caruso. Harnessing the power of its unique strategic alliance of industry-leading partners in the luxury fashion sector, Lanvin Group strives to expand the global footprint of its portfolio brands and achieve sustainable growth through strategic investment and extensive operational know-how, combined with an intimate understanding and unparalleled access to the fastest-growing luxury fashion markets in the world. Lanvin Group is listed on the New York Stock Exchange under the ticker symbol 'LANV'. For more information about Lanvin Group, please visit www.lanvin-group.com, and to view our investor presentation, please visit https://ir.lanvin-group.com.

Enquiries

Media
Lanvin Group
Hezhi Zhang
hezhi.zhang@lanvin-group.com 

Investors
Lanvin Group
James Kim
james.kim@lanvin-group.com

View original content:https://www.prnewswire.com/news-releases/regis-rimbert-named-ceo-of-wolford-ag-302172039.html

SOURCE Lanvin Group

FAQ

Who is the new CEO of Wolford AG as of June 2024?

Regis Rimbert has been appointed as the new CEO of Wolford AG, effective June 14, 2024.

What is Regis Rimbert’s background in the fashion industry?

Regis Rimbert has over 20 years of leadership experience in fashion, having worked with brands like Prada and Dior, focusing on strategic planning, business development, and operational excellence.

What are the strategic goals for Wolford AG under Regis Rimbert’s leadership?

Regis Rimbert aims to drive Wolford's international development, enhance product lines, and innovate technology to make their products more accessible.

What is the Lanvin Group's perspective on Regis Rimbert’s appointment?

Lanvin Group views Regis Rimbert’s appointment as aligning with their commitment to support Wolford’s transformation, growth, and expansion.

What experience does Regis Rimbert bring to Wolford AG?

Regis Rimbert brings experience in strategic planning, business development, crisis management, and operational excellence, with a track record of restructuring investments and optimizing supply chains.

What challenges might Regis Rimbert face as the new CEO of Wolford AG?

Rimbert may face challenges in implementing transformative strategies and managing the competitive market dynamics.