Pursuits
In Fashion at France’s House of Pinault: Executive Churn
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The hottest trend at France’s second-biggest luxury group this season: Executive departures as the owner tightens the reins. Asset sales may be next on the runway.
Since September, at least nine senior executives have left businesses controlled by French billionaire Francois Pinault’s family. The latest came this month, when the head of Christie’s International Plc, the auction house’s Americas chief and the top two people at Gucci stepped down.