Latest news with #Guibert
Fashion Network
30-06-2025
- Business
- Fashion Network
Lacoste names Eric Vallat as chief executive, replacing Thierry Guibert
Lacoste is entering a new era of leadership. Ten years after taking the reins and nearly tripling the brand's revenue—which is now reportedly nearing €3 billion— Thierry Guibert is stepping back from day-to-day operations. A seasoned executive with prior leadership roles at Fnac and Conforama, Guibert has appointed a trusted successor: Eric Vallat, most recently CEO of Rémy Cointreau, will return to the fashion industry as Lacoste's new chief executive. According to U.S. publication WWD, Vallat will officially join the French brand on 1 September. The appointment marks a return to familiar territory for Vallat. Before leading Rémy Cointreau, he served as CEO of Rémy Martin, the company's cognac division under the Richemont Group. Based in Geneva, he also oversaw Richemont's fashion and accessories division. Earlier in his career, he held executive roles at French luxury labels J.M. Weston and Bonpoint. With Vallat's arrival, Guibert will step down from Lacoste's operational leadership. 'I've had the privilege of leading Lacoste for over ten years, working alongside exceptional teams to guide the brand through a major transformation,' Guibert said in a statement. 'Now, I've chosen to focus fully on leading MF Brands Group. I'm very pleased to hand over the reins to Eric Vallat—a bold leader with a proven track record. His extensive expertise and experience will be key to unlocking Lacoste's next chapter. I'm confident he will carry forward the momentum we've built with both excellence and a collective spirit. As CEO of MF Brands Group, I will remain closely involved in supporting him in this new phase.' Guibert will continue as CEO of MF Brands Group, which recently sold The Kooples but retains Gant, Aigle, and Tecnifibre in its portfolio. The group reports €3.7 billion in business volume, a network of 2,400 stores, and a global workforce of around 12,000. (Exchange rate: 1 euro = 0.85 pounds sterling)
Fashion Network
27-06-2025
- Business
- Fashion Network
Lacoste names Eric Vallat as chief executive, replacing Thierry Guibert
Lacoste is entering a new era of leadership. Ten years after taking the reins and nearly tripling the brand's revenue—which is now reportedly nearing €3 billion— Thierry Guibert is stepping back from day-to-day operations. A seasoned executive with prior leadership roles at Fnac and Conforama, Guibert has appointed a trusted successor: Eric Vallat, most recently CEO of Rémy Cointreau, will return to the fashion industry as Lacoste's new chief executive. According to U.S. publication WWD, Vallat will officially join the French brand on Sept. 1. The appointment marks a return to familiar territory for Vallat. Before leading Rémy Cointreau, he served as CEO of Rémy Martin, the company's cognac division under the Richemont Group. Based in Geneva, he also oversaw Richemont's fashion and accessories division. Earlier in his career, he held executive roles at French luxury labels J.M. Weston and Bonpoint. With Vallat's arrival, Guibert will step down from Lacoste's operational leadership. 'I've had the privilege of leading Lacoste for over ten years, working alongside exceptional teams to guide the brand through a major transformation,' Guibert said in a statement. 'Now, I've chosen to focus fully on leading MF Brands Group. I'm very pleased to hand over the reins to Eric Vallat—a bold leader with a proven track record. His extensive expertise and experience will be key to unlocking Lacoste's next chapter. I'm confident he will carry forward the momentum we've built with both excellence and a collective spirit. As CEO of MF Brands Group, I will remain closely involved in supporting him in this new phase.' Guibert will continue as CEO of MF Brands Group, which recently sold The Kooples but retains Gant, Aigle, and Tecnifibre in its portfolio. The group reports €3.7 billion in business volume, a network of 2,400 stores, and a global workforce of around 12,000.
Fashion Network
27-06-2025
- Business
- Fashion Network
Lacoste names Eric Vallat as chief executive, replacing Thierry Guibert
Lacoste is entering a new era of leadership. Ten years after taking the reins and nearly tripling the brand's revenue—which is now reportedly nearing €3 billion— Thierry Guibert is stepping back from day-to-day operations. A seasoned executive with prior leadership roles at Fnac and Conforama, Guibert has appointed a trusted successor: Eric Vallat, most recently CEO of Rémy Cointreau, will return to the fashion industry as Lacoste's new chief executive. According to U.S. publication WWD, Vallat will officially join the French brand on Sept. 1. The appointment marks a return to familiar territory for Vallat. Before leading Rémy Cointreau, he served as CEO of Rémy Martin, the company's cognac division under the Richemont Group. Based in Geneva, he also oversaw Richemont's fashion and accessories division. Earlier in his career, he held executive roles at French luxury labels J.M. Weston and Bonpoint. With Vallat's arrival, Guibert will step down from Lacoste's operational leadership. 'I've had the privilege of leading Lacoste for over ten years, working alongside exceptional teams to guide the brand through a major transformation,' Guibert said in a statement. 'Now, I've chosen to focus fully on leading MF Brands Group. I'm very pleased to hand over the reins to Eric Vallat—a bold leader with a proven track record. His extensive expertise and experience will be key to unlocking Lacoste's next chapter. I'm confident he will carry forward the momentum we've built with both excellence and a collective spirit. As CEO of MF Brands Group, I will remain closely involved in supporting him in this new phase.' Guibert will continue as CEO of MF Brands Group, which recently sold The Kooples but retains Gant, Aigle, and Tecnifibre in its portfolio. The group reports €3.7 billion in business volume, a network of 2,400 stores, and a global workforce of around 12,000.
Fashion United
24-04-2025
- Business
- Fashion United
Lacoste eyes controlling stake in joint venture with Pentland
Lacoste is understood to be circling the acquisition of a controlling stake in its joint venture company set up with Pentland Group. If the deal proceeds, Lacoste intends to buy Pentland's 50 percent stake in Pentland Chaussures Ltd, for which the group currently serves as a Lacoste licensee. According to FashionNetwork, which initially reported the news, competition authorities in France are currently assessing the deal, with a decision said to be made 'soon'. If approved, the partnership between the British sportswear conglomerate and French premium brand will come to an end. The duo first established the joint venture back in 2018 to oversee the operations of Lacoste's footwear business. It cemented what was already a long-standing partnership between Lacoste and Pentland, which had first teamed up in 1991. Now, however, Lacoste is on a path of repositioning itself as a more high-end sportswear player. This has repeatedly been underlined by CEO Thierry Guibert, who had already told the Financial Times back in January of the brand's intention to reclaim its licenses over shoes, leather goods and under garments to further help support ambitious growth plans. Ultimately, Guibert is hoping to increase the brand's annual sales to four billion euros, with a plan that particularly focuses on the US market, where he has set out to double sales from 400 million euros. FashionUnited has contacted Pentland and Lacoste with requests to comment.
Forbes
10-04-2025
- Business
- Forbes
Lacoste Opening Tennis-Themed Flagship In New York City
The Lacoste flagship store in New York City pays tribute to brand founder Rene Lacoste and his sport ... More of tennis. In 1933 tennis player and equipment entrepreneur Rene Lacoste launched his eponymous company. As the French-based brand opens its third global flagship store—and first in North America—it's fitting that the same sport that defined Rene Lacoste roughly 100 years ago helps give a new Fifth Avenue store in New York City plenty of design inspiration. 'Lacoste it intertwined with tennis,' Thierry Guibert, CEO of Lacoste, tells me. 'The codes of the sport are part of the brand in the broadest sense.' The launch of a flagship store in a prime location on New York's Fifth Avenue aligns with the brand's aspirations for the United States and its hopes for further growth, Guibert says, especially in both sports apparel and footwear. Following flagship openings in Paris on Champs Elysées and London's Regent Street, Guibert says the stores have become a key element of the Lacoste strategy. The mirrored green facade on the Lacoste flagship in New York City includes a 23-foot-long ... More crocodile, the company's logo. 'We have turned them into showcases for our collections, especially those located on the world's most emblematic avenues,' Guibert says. 'This flagship is a testimony of our ambition for the United States. It is a statement that will offer visitors a unique immersion into the elegant world of the brand showcasing its complete collections and rich heritage.' The New York version features a green mirrored cube on the outside, opening to 10,000 square feet inside. The ground floor highlights the latest runway collections, while the upstairs offers a deconstructed tennis court stretching from floor to ceiling. Footwear has a central display, along with the polo shirt—the iconic apparel piece invented by Rene Lacoste—celebrated with a Polo Wall. In a continued nod to tennis, a sport performance area features ambassador capsules of Novak Djokovic and Daniil Medvedev. 'Our flagships allow visitors to immerse themselves in our universe,' Guibert says, 'hence the importance of tennis in the design of the Fifth Avenue boutique.' A deconstructed tennis court and tennis themes play throughout the new Lacoste flagship on Fifth ... More Avenue in New York City. Rene Lacoste's tennis tenacity earned him the nickname 'Crocodile' in American press during a match in Boston in 1923. That nickname turned into the brand's emblem. A giant crocodile sculpture roughly 23 feet long adorns the New York store. And 90 historic rackets Rene Lacoste designed—along with his patents—join the tennis-focused design. The minimalist nature of the flagship is meant to highlight product, and the combination of concrete, metal and wood further ties to tennis. The wooden elements, for example, were crafted to evoke the iconic pleats of a tennis skirt while referencing an old racket. The metal accents highlight the technical edge the brand that was first seen in Rene Lacoste's move into metal racket frames. Rene Lacoste was a tennis player and equipment inventor. Both are on display in the new Lacoste ... More flagship in New York City. 'Lacoste and tennis have been inextricably linked since the very beginning,' Guibert says. 'That's why we're still so active in the tennis world. We will continue to invest in this sport, on all levels.' Lacoste continues to work with top and emerging players, from Djokovic to Medvedev and Grigor Dimitrov to Arthur Fils. Guibert says Lacoste will remain invested in prestigious tournaments and last year announced an extension as a partner with Roland Garros until 2030. This year marked the brand's 10th year partnering with the Miami Open. The wood throughout the Lacoste flagship in New York City ties to wooden tennis rackets and pleated ... More tennis skirts. Guibert says that Lacoste is preparing an 'iconic celebration' of tennis when the U.S. Open returns to New York. The new flagship store will play a role. 'On a creative level, tennis inspires every collection we create, from sports performance items to lifestyle collections,' Guibert says. 'More than ever, we're blending this universe with fashion at its highest level—most recently with bold and iconic runway shows at Roland Garros. Lacoste has always played with the codes of tennis, from its creator to more than 90 years later. And it's not about to stop.' MORE: Daniil Medvedev Provides Lacoste Insight On AG-LT23 Ultra Tennis Shoe
