Sephora appoints new president and CEO

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Guillaume Motte has been named Chairman and CEO of Sephora as the sweetness store continues to enlarge across the world. He’s shifting from mother or father corporate LVMH’s Moda Crew, the place he served as Deputy CEO to President and CEO Sidney Toledano since Might 2021.

It is one thing of a homecoming for Motte, whose first position inside of LVMH was once as CEO and president of Europe and the Heart East at Sephora in 2018, the place he stayed for 3 years ahead of shifting to the trend department. Prior to becoming a member of LVMH, he was once CEO of French menswear store Celio, and ahead of that he was once CEO of Dubai-based way of life store AI Tayer Tendencies and managing director of retail chain Fnac, which made up a part of PPR (now referred to as Kering) on the time.

Motte replaces Chris de Lapuente, who has been within the position since former CEO Martin Brok made a marvel departure from Sephora in June. De Lapuente will now proceed in his position as Chairman and CEO of LVMH’s selective retail department, which incorporates Sephora, Parisian division retailer Le Bon Marché Rive Gauche, luxurious trip store DFS, cruise buying groceries vacation spot Starboard Cruise Services and products and the Los angeles Grande high quality meals retailer. Epicerie.

“I’m thrilled to welcome Guillaume again to Sephora as President and CEO. His enjoy over the past two years at LVMH Style Crew, in conjunction with Sidney Toledano, has broadened his enjoy development prestigious manufacturers and deepened his already in depth international trade and retail talents,” de Lapuente mentioned in a observation. unlock. put up on LVMH’s LinkedIn. “I haven’t any doubt that he’s going to proceed to make Sephora the strange top rate attractiveness store we envisioned.”

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Inside Sephora’s enlargement plans

What is subsequent for the sweetness retail large? Sylvie Moreau, Sephora’s president for Europe and the Heart East, says brick-and-mortar retail outlets nonetheless have crucial position to play.

Sephora is found in 35 international locations and has greater than 2,700 retail outlets. In October, the store reopened in the United Kingdom with a web-based retailer, a 2d try to smash into the marketplace after a short lived stint from 2000 to 2005. The corporate received UK store Feelunique in 2021 and has transitioned the website online to Sephora.co.united kingdom to faucet into an present native shopper base . In June, Sephora introduced its “China Accelebrate” trade incubator program that objectives to develop top rate Chinese language attractiveness manufacturers, and the corporate says Growth in Latin The usa and Asia could also be underway.

The corporate has been desirous about twin virtual and bodily growth with a focal point on bodily retail outlets since pandemic restrictions have been lifted or eased. Sylvie Moreau, President of Sephora for Europe and the Heart East pronouncing style trade previous this month that desires to boost its profile as an incubator for unbiased manufacturers.

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