Richemont senior appointment

Luxury Goods

Last week Richemont named retail veteran Marty Wikstrom as Chief Executive of Richemont’s fashion and accessories businesses, a new position.

Johann Rupert, Executive Chairman of Richemont, said the appointment “reaffirms Richemont’s commitment to our fashion and accessories maisons.”

Wikstrom, who has served as a non-executive director at Richemont since 2005, will now oversee the luxury group’s Chloé, Azzedine Alaïa, Alfred Dunhill, Lancel and Shanghai Tang businesses. Each of those brands’ chief executives will now report to Wikstrom, who will is based in London and reports directly to Rupert. She will remain a member of Richemont’s board in an executive capacity. Wikstrom’s appointment comes after Norbert Platt, group chief executive officer of Richemont, said last month that he will retire at the end of the year and return to Germany. Richemont has yet to name his successor.

Wikstrom has held senior positions at Nordstrom’s, was previously managing director of Harrods and has also founded Atelier Management LLC, a luxury investment company in which Richemont is the principal investor.