This week, the luxury group appointed LVMH veteran Philippe Fortunato to oversee fashion and accessories, while the German suit maker tapped Daniel Grieder after his recent departure from Tommy Hilfiger.

The famous Paris shopping avenue has had a tough time of late, but luxury brands are still willing to commit.

Through its holding company Motier, the French luxury department store is acquiring a 51 percent stake in La Redoute, with the goal of acquiring the entire business in the future.

CEOs, presidents, chairmen and directors operate the firms that make fashion tick. Meet the 18 executives who are new to the #BoF500 this year.

For their new flagship on the Champs-Élysées, a historic avenue that has lost some of its lustre, Galeries Lafayette has hired the avant-garde architects of Google's new HQ.

Nicolas Houzé, chief executive of Galeries Lafayette, tells Imran Amed about his plans for the venerable French department store in today's turbulent, globalised, wired world.