Balenciaga has named a new CEO. Cedric Charbit, who comes from Yves Saint Laurent, a fellow Kering-owned brand, succeeds Isabelle Guichot, who held the role for nine years and will take on new responsibilities within Kering, the Paris-based parent said Monday.
The moves comes shortly after Kering appointed former Hugo Boss chief Claus-Dietrich Lahrs as the new head of its Bottega Veneta brand. Meanwhile, Burberry has appointed former LVMH-owned Celine CEO Marco Gobbetti to its top spot, allowing Christopher Bailey to focus entirely on the creative side. And still yet, Versace recently welcomed a new CEO: Jonathan Aneroid, who comes from Kering’s Alexander McQueen.
According to Bloomberg, "For Balenciaga, the appointment marks a further change at the top for a brand that was founded by Cristobal Balenciaga in 1919 and acquired by Kering in 2001. Demna Gvasalia took over from Alexander Wang as the fashion house’s creative head about a year ago."
At Balenciaga, he will be tasked with accelerating the brand’s international growth, Kering said in a statement.