International lifestyle brand Tory Burch has appointed a new Chief Executive Officer, who they believe will lead them into a bright new future. Pierre-Yves Roussel will assume the role of CEO in early 2019 with the company’s founder, Tory Burch, moving to the position of Executive Chairman and Chief Creative Officer. Roussel and Burch married in early December 2018, and the newlyweds will be running the successful fashion empire alongside one another.
Burch released a statement explaining the company’s decision to appoint Roussel as CEO, citing his professional experience and deep understanding of the industry. “There are very few leaders in the industry who have both a commercial track record and a deep admiration for the creative process. I respect what he has built at LVMH and value the way he thinks about business, luxury and the fashion industry as a whole. He also shares my belief in the importance of a culture-led company. We have a strong management team in place, and Pierre-Yves is a natural fit as we continue to focus on long-term growth and global expansion.”
Roussel was Chairman and CEO of the LVMH Fashion group for 15 years and led the company in their global repositioning, while expanded their portfolios to include fashion elites such as Celine and Loewe and Pucci. With an impressive career behind him, Roussel expressed his eagerness to combine his experience with Tory Burch’s renown artistry. “From day one, investing in creativity and innovation has always been a strategic priority for the company. I look forward to working with Tory and her team to build on these investments and execute their business strategy.”
Tory Burch has boutiques all around the world, and their collections are available in over 3,000 department stores internationally. The brand has been a global phenomenon, and the appointment of new leadership is expected to inspire further greatness with the coming together of two industry elites.