One Day, Three New Chief Executive Officers for Kering

Not to be outdone by anyone today, Kering has confirmed the appointment of not one but three new Chief Executive Officers for its various houses today. The luxury conglomerate, which owns Balenciaga, Alexander McQueen, Gucci and an array of other high fashion brands, made its first confirmation this morning: Carlo Alberto Beretta, who has spent the past 11 years at Ermenegildo Zegna, will be taking over the CEO role at Bottega Veneta. A second announcement came ten minutes later; Sarah Crook has been appointed CEO of Christopher Kane. And in case that's not enough, several hours later, Kering confirmed that Gianluca Flore is the new Chief Executive Officer of Brioni.

What exactly brought on this spur of executive switch ups? Well, let's start with Christopher Kane. You may recall that Kering acquired a stake in the London-based designer's brand in January 2013. Crook's appointment comes on the heels of the "successfully completed the integration of Christopher Kane Ltd within the Kering Group," which was overseen by former CEO Alexandre de Brettes. According to a statement from Kering, de Brettes "will remain within the Christopher Kane company to ensure a smooth transition, before taking another position within the Group." He was the first major hire since Kering acquired the Christopher Kane company. Previously strategic brand & business consultant to the British Fashion Council and leading fashion brands for two years, Crook worked at Stella McCartney between 2004 and 2012, first as merchandise & business development director and then as vice-president.

As for Carlo Alberto Beretta, he is replacing Marco Bizzarri at Bottega Veneta in the wake of Bizzarri's April appointment as CEO of Kering's Luxury - Couture & Leather Goods division. Under Mr. Bizzarri, Bottega Veneta, Kering's No.2 luxury brand in terms of sales (Gucci being number 1m and Saint Laurent being the most rapidly growing), began slowing down the pace of new store openings to preserve exclusivity, and planning to focus on enlarging and improving the performance of its existing stores.

Last but not least, Gianluca Flore has been appointed Chief Executive Officer of Brioni. He will replace Francesco Pesci who will "take his career in a new direction," after having successfully achieved the integration of Brioni within the Kering Group. In 2011, Kering, then still operating as PPR, acquired the Italian menswear brand. Before joining Brioni, Gianluca Flore spent over six years at Bottega Veneta, first as president of the Americas region, then as worldwide retail & wholesale director and Chief Executive Officer of the Asia-Pacific region.