Already in charge of the fashion label's PR in the US, Garine Zerounian has been promoted to the post of Senior Vice-President of Communications. She succeeds Rod Manley, who has left for Calvin Klein.
Coty's boss Bart Becht believes he is the right man to run what will become the world's biggest perfume maker, despite industry doubts over its planned mega-merger and faltering sales at the beauty products group.
Bally, the long-struggling Swiss leather goods maker, is back in growth mode after years of stagnant sales, buoyed by more contemporary designs and solid demand from Japanese and U.S. buyers, its chief executive said.
JAB Luxury has shelved luxury bag brand Zagliani, ending the release of its collections. Only its production workshop will stay in business, incorporated into shoemaker Bally, another label owned by the German group.