The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
The Swiss luxury group has promoted its chief sustainability officer and plans to add to its board a car-industry veteran who worked on the shift to electric vehicles.
Bérangère Ruchat, who joined Richemont last year as the company’s first chief sustainability officer, will now join the group’s senior executive committee. Her promotion will ensure sustainability objectives are fully embedded in the group’s strategic and operational decisions, Richemont chairman Johann Rupert said in a statement Friday.
The company has also nominated Bram Schot, a Dutch executive with more than 30 years experience in the luxury automotive sector, to its board of directors. Schot initiated the transition to electric vehicles at Audi, gaining a strong understanding of the challenges associated with transitioning established businesses in line with sustainability goals. Schot’s appointment is subject to shareholder approval.
Learn more:
ADVERTISEMENT
How Do Fashion’s Biggest Luxury Players Stack Up on Sustainability?
Kering and Burberry topped the luxury ranking in 2022’s BoF Sustainability Index, while Prada, Capri, Richemont and Tapestry lagged.
Fashion brands are edging in on the world’s largest gathering of design professionals and their wealthy clients, but design companies still dominate the sector, which is ripe for further consolidation, reports Imran Amed.
Blocking the deal would set a new precedent for fashion M&A in the US and leave Capri Holdings in a precarious position as it attempts to turn around its Michael Kors brand.
BoF Careers provides essential sector insights for fashion designers this month, to help you decode fashion’s creative and commercial landscape.
Willy Vanderperre speaks to Tim Blanks on more than 30 years of fashion photography and his life-long fixation with youth culture.