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Fashion Exclusive

Christophe Lemaire tightens grip on power after CEO exit

Astrid Wendlandt

1 March 2026

Christophe Lemaire, the former Lacoste and Hermès designer who’s dedicated himself to building his own brand for the past decade, has just sacked his CEO Laetitia Mergui. Her abrupt departure comes as the brand is having to reassess its strategy and sort out its customer service and quality issues after several years of strong growth. The journey of Lemaire’s company resembles that of Jacquemus. The French brand is also led by a founder who’s had a hard time giving up power and hiring the right people to steer it through a rapid growth phase.

Weekly Highlights

THREE DEBUTS AT MILAN FASHION WEEK

Much of the focus during this Milan Fashion Week was on three highly anticipated debuts: Meryll Rogge at OTB’s Marni, Maria Grazia Chiuri at LVMH’s Fendi and Demna Gvasalia at Kering’s Gucci. Demna’s Gucci was a full-on ode to the sexiness and glamour of the Tom Ford era of the 1990s. Chiuri’s first collection at Fendi was safe and commercial and explored few new ideas. Rogge’s first effort was strong and promising.

Recent Publications

Fashion

Management changes afoot at Richemont’s fashion unit

Astrid Wendlandt

22 February 2026

Succession stories have been the main event in fashion and leather goods for the past year as the global luxury goods industry wrestles with flagging consumer sentiment. Swiss behemoth Richemont, owner of world jewelry leader Cartier, is no exception. Richemont CEO Nicolas Bos now has his axe over the group’s troubled fashion and accessories division.

Fashion

Has Moncler reached its peak?

Astrid Wendlandt

15 February 2026

Moncler has enjoyed a strong ride in the past decade. It’s a popular status symbol, particularly among young people. The brand has tripled in size and now makes more than €3 billion in annual sales.

Watches

Richemont slims down. Is this the end of the group model?

Astrid Wendlandt

8 February 2026

Richemont is in talks to offload Jaeger-LeCoultre to its management team after the Swiss luxury group announced last month a similar deal with sister brand Baume & Mercier, according to multiple industry sources. If such a heritage watchmaker left the group, it would signal a radical strategy change and it would raise several questions about the future of its existing form.

Watches Exclusive

Greubel Forsey may be looking for buyers after Forsey exit

Astrid Wendlandt

1 February 2026

Luxury watchmaker Greubel Forsey is putting out feelers in the market to test the appetite among potential buyers after pushing out co-founder Stephen Forsey, industry sources say. Former Audemars Piguet CEO François-Henry Bennahmias is keen to invest in high-end watchmaking and recently looked at the brand, but informal talks did not get very far, they said.

Fashion

Dior is on the mend, armed with a new management team

Astrid Wendlandt

18 January 2026

Dior is expected to reverse more than two years of declining sales in 2026 as enthusiasm grows for Jonathan Anderson’s new vision, particularly for his new collection of handbags, a product category that represents nearly half of the brand’s fashion and leather goods sales.

Strategy

LVMH: Pressure grows for succession clarity

Astrid Wendlandt

11 January 2026

Bernard Arnault’s five children are locked in an increasingly poisonous conflict for control of LVMH. So disruptive is their fratricidal battle consensus is growing among investors and the higher echelons of LVMH that the role of the next boss of the world No. 1 luxury group and Europe’s second-biggest company by market cap cannot be assumed by one of Bernard Arnault’s children.

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