Cosmetics team L’Occitane, whose brand name profile consists of L’Occitane en Provence, Melvita and Sol de Janeiro, has actually reconfigured its elderly administration group. Since April 1 2024, the features of team chief executive officer and taking care of supervisor will certainly be integrated right into a solitary placement, that of chief executive officer, and will certainly be presumed by Laurent Marteau.
Marteau signed up with the L’Occitane team in September 2022 as taking care of supervisor, and will certainly replace present chief executive officer André Hoffmann, to whom he was reporting. Hoffmann, that has actually been with the L’Occitane team considering that 1995, will certainly give up the chief executive officer article however stay a participant of the board of supervisors.
This elderly administration reshuffle is occurring while the team is seeking a very hostile outside development technique. In recent times, L’Occitane, which is detailed on the Hong Kong stock market, has actually gotten Grown Sorcerer, an Australian brand name of alternative cosmetics, United States brand name Sol de Janeiro, presently a vital factor to the team’s vibrant development, and most lately Dr. Vranjes Firenze, an Italian expert in premium space scents.
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Prior to signing up with L’Occitane, Marteau operated at Swiss charm team La Grassy field, where he significantly held the placement of vice-president EMEA. Before that, he helped 15 years at French high-end team LVMH, significantly supervising, from 2010 to 2014, the worldwide traveling retail service of fragrance brand names Givenchy, Kenzo, Fendi and Pucci. A profession that makes Marteau preferably matched to spearhead L’Occitane’s internationalisation initiatives.
In H1 of monetary 2023-24, shut on September 30, the team videotaped an income of EUR1.07 billion, equal to an 18.5% development (and a 24.9% one at continuous currency exchange rate).
