Kering Beauté names CFO for growing executive board

By Alessandro Carrara | Published: 1-Jul-2024

Kering’s dedicated beauty division was established last year to support its Bottega Veneta, Balenciaga, Alexander McQueen, Pomellato and Qeelin brands

Kering Beauté has appointed Stéphane Perrault as its new Chief Financial Officer.

Perrault joins from Maison Ferrand, a fine spirits producer based in Ars, France, where he served as Group CFO.

He previously spent two years as CFO for French make-up brand La Bouche Rouge and three years in the same position at Japanese skin care business Shiseido.

Kering has been ramping up its executive team over the past year for its recently established beauty arm.

This has seen the promotion of Laurent Claquin to the newly created role of Chief Brand Officer in June, who had served as President of Kering Americas for more than a decade.

His promotion follows the appointment of L’Oréal veteran Alexandre Choueiri in April 2024, who was named President and CEO of Kering’s beauty division in America.

Choueiri served as President of the fragrance house Creed, which was acquired by Kering Beauté in June 2023 for US$3.8bn.

The luxury business also acquired a minority stake in French perfume brand Matière Première - the second strategic investment for the dedicated beauty division.

The undisclosed investment from Kering will be used to expand the Paris-based business’ international reach and open 20 standalone stores across the globe.

Kering Beauté was established in February 2023 to support its Bottega Veneta, Balenciaga, Alexander McQueen, Pomellato and Qeelin brands.

It is headed up by beauty industry veteran Raffaella Cornaggia, formerly of L’Oréal and Estée Lauder.

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