Lanvin's Managing Director Steps Down

Thierry Andretta, managing director of Lanvin since 2009, has resigned for “personal reasons" according to the French design house. Rumor has it, Shaw-Lan Wang, Lanvin’s majority owner, chairman and CEO, has asked Michèle Huiban, Lanvin’s COO, to assume the role. Andretta is responsible for Lanvin's global retail expansion, the introduction of a children’s wear collection, and an increased focus on leather goods. Further, according to WWD, revenues at the fashion house nearly doubled during Andretta’s tenure, to an estimated 240 million euros (about $308.5 million) in 2012.