Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Kering Names New CFO Armelle Poulou

Kering's new CFO, Armelle Poulou.
Kering's new CFO, Armelle Poulou.

Kering named Armelle Poulou as its new chief financial officer Friday, replacing Jean-Marc Duplaix who was promoted to the role of deputy CEO last week.

The move comes amid a broader shake-up at the luxury giant as it seeks to reinvigorate growth. On Thursday, the company announced it was acquiring a 30 percent stake in Valentino, while last week it re-shuffled its executive ranks.

Managing director Jean-François Palus is headed to Milan to serve as Gucci’s interim chief executive following the ouster of the flagship brand’s leader Marco Bizzarri. To cover the key executive’s headquarters role and strengthen governance, Kering named two deputy CEOs: Duplaix will cover operations and finance, while Saint Laurent chief executive Francesca Bellettini has been promoted oversee brand development across the group (while continuing to lead the French brand).

Poulou attended HEC (the same French business school as Duplaix, Palus and chairman François-Henri Pinault) before working in financial roles at Procter & Gamble, Hewlett-Packard and EDF. She joined Kering in 2019.

ADVERTISEMENT

Learn more:

As Gucci’s CEO Steps Down, Saint Laurent’s Chief Steps Up

Marco Bizzarri led the Italian luxury giant through a historic expansion before the business struggled to bounce back from the pandemic. Parent company Kering announced the move as part of a broader executive shakeup after which Saint Laurent CEO Francesca Bellettini will oversee all the group’s brands.

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.

The Existential Threat to Independent Brands

This week, The Vampire’s Wife announced its closure and Dion Lee called in administrators, only days after Mara Hoffman said it was shutting down and Roksanda narrowly escaped administration. Many more may follow.


How Chopard Seizes the Red Carpet Spotlight in Cannes

The Swiss brand out-sparkles rivals with a strategy aimed at driving sales as well as image. This year the company dressed Greta Gerwig, Demi Moore and Bella Hadid as well as hosting clients to view (and purchase) its high jewellery range.


view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.