By Mauro Orru

Compagnie Financiere Richemont said Laurent Malecaze would succeed Riccardo Bellini as chief executive of Chloe after he decided not to renew his mandate at the helm of the brand.

The Swiss luxury group said Wednesday that Bellini would leave his role at Chloe by the end of December after four years in the role. Bellini oversaw a period of growth and transformation at the brand that saw the appointment of Chemena Kamali as new creative director and the development of her first Fall 24 collection.

"He has helped reconnect Chloe with its purpose, bringing a unique point of differentiation within the industry and laying the foundations for its next cycle of growth," said Philippe Fortunato, Chief Executive of Richemont's Fashion and Accessories Maisons.

Malecaze joins Chloe from Dunhill, where he oversaw a turnaround of the business over the past two years. He previously led AZ Factory, part of Richemont, and also served as chief executive of New York-based luxury multi-brand retailer The Webster.

Write to Mauro Orru at mauro.orru@wsj.com

(END) Dow Jones Newswires

December 13, 2023 10:31 ET (15:31 GMT)

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