×
261
Fashion Jobs
RELIANCE INDUSTRIES LTD
Sales Officer - Saree Specialist - Chennai t.Nagar
Permanent · CHENNAI
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · HYDERABAD
SPACE CONSULTANTS
Manager-Sales&Marketing
Permanent · Bhiwani
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · PANCHKULA
GENIUS CONSULTANTS LIMITED
HR Executive(Female)@Leading Hosiery Manufacturing Company in Agarpara
Permanent · KOLKATA
SHOPPERS STOP LTD
Unit HR Head
Permanent · MUMBAI
FLOOR & FURNISHINGS INDIA PRIVATE LIMITED
Sales Executive/ Sales Officer
Permanent · PANCHKULA
SELECTIVE GLOBAL SEARCH PVT. LTD.
Retail Sales Executive
Permanent · MUMBAI
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · HALDWANI
RELIANCE INDUSTRIES LTD
Hiring For Sales Officer : Reliance Retail - Ajio Business
Permanent · Aligarh
SREEDHARA TEXTILES PRIVATE LIMITED
Deputy Manager - Fabric
Permanent · COIMBATORE
PANACEA VENCER
we Have Opening For Accounts Manager & Finance Manger For Garments
Permanent · COIMBATORE
JOBZ DADDY
Category Head For Home Decor of The Top Most Designer of India
Permanent · GURUGRAM
SMART SOURCE
Manager Market Place - Leading Fashion Retail - Bangalore
Permanent · Bengaluru
NCDI PLACEMENT CONSULTANCY
Accounts Executive For Retail Industry
Permanent · Lucknow
NCDI PLACEMENT CONSULTANCY
Customer Relationship Managere For Retail Industry
Permanent · LUCKNOW
PRIME PLACEMENT AND MANPOWER SERVICES
International Sales Executive - Female - Khokhra - Ahmedabad
Permanent · Ahmedabad
MIRRAW.COM
Production Manager | Mirraw
Permanent · MUMBAI
LIFESTYLE BRANDS
Senior Executive - Accounts - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Area Manager-Projects Execution (Telangana &Amp; Andra Pradesh)-Hyderabad
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Financial Manager - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Brand Training Manager, Planet Fashion - Bangalore
Permanent · BENGALURU

Pepe Jeans appoints Marcella Wartenbergh as new CEO

Translated by
Barbara Santamaria
Published
today Sep 3, 2019
Reading time
access_time 2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Denim brand Pepe Jeans is boosting its board with the appointment of Marcella Wartenbergh as new chief executive officer. The Mexican executive, who forged her career at PVH Group, is replacing Carlos Ortega, founder and shareholder of Pepe Jeans Group.


Marcella Wartenbergh has been appointed as Pepe Jeans Group's new CEO - Archivo


Marcella Wartenbergh joined the Pepe Jeans team on Monday and will report directly to the company’s board of directors. Carlos Ortega announced her appointment to staff via an internal memo following a successful debt refinancing in July. The agreement signed with 14 financial entities, including BBVA, Santander and Caixabank, covered a €230 million debt. Additionally, the company’s shareholders approved a capital increase of €25 million “to improve the group’s financial position and the financial capacity required to execute the growth plans of its different brands," the brand explained.

Wartenbergh was most recently chief merchandising officer at Calvin Klein, a role she took up just four months ago. But she spent many years at PVH, the American group behind global brands including Tommy Hilfiger, Arrow, Van Heusen, Izod, Speedo and Calvin Klein. Before being promoted to chief merchandising officer, Wartenbergh held many roles at the retail group, including group president of global licensing and strategic initiatives at Calvin Klein. A graduate from St. Mary’s University in San Antonio, USA, she cut her teeth in the merchandising division of Tommy Hilfiger in the Netherlands in 1999. Sixteen years later, the executive returned to Mexico to lead the direction of the brand in the country.


Pepe Jeans London is the group's core brand - Pepe Jeans


Her new employer has a link to PVH, as Pepe Jeans Group not only owns the Pepe Jeans London, Hackett and Façonnable brands, but also distributes Tommy Hilfiger and Calvin Klein in Spain. The group is majority owned by L Capital Asia, a private equity unit backed by LVMH, and M1, a subsidiary of Lebanese investment firm M1 Group. The management team has an 8% shareholding in the company, while the remaining 22% is controlled by former CEO Carlos Crespo.

In 2017, Pepe Jeans swung to a loss despite revenues increasing to €531 million. According to Spanish newspaper El Confidencial, the company ended 2018 with revenues of €566 million and an EBITDA loss of €12.72 million.

Industry sources said that the company is looking at withdrawing from the Indian market and closing a number of Façonnable stores as part of a wider restructure to turn around its finances. According to data released on 31 March 2018, Pepe Jeans Group has 355 stores, including 219 Pepe Jeans locations, 105 Hackett shops, 29 Tommy Hilfiger outlets, two Norton stores and 16 Façonnable sites.

Copyright © 2020 FashionNetwork.com All rights reserved.