Compagnie Financière Richemont SA announced that Riccardo Bellini has decided not to renew his mandate as President and CEO of Chloé - after four years in the role. The decision was made in full collaboration with the Group to allow a proper completion of his mission and a smooth onboarding and start of the new Creative Director. During his tenure as President and CEO of Chloé, Riccardo has led a successful elevation and transformation of the brand, overseeing a period of growth and strong results both financially and creatively.

He oversaw the appointment of Chemena Kamali as new Creative Director and the development of her first Fall 24 collection, making Chloé ready for another successful chapter. Riccardo's vision and leadership was also instrumental in transforming Chloé into a purpose-driven company, as a pioneer in sustainability. Riccardo Bellini will leave his role at Chloé by the end of December 2023.

He will be succeeded by Laurent Malecaze as President and CEO of Chloé. Laurent joins from dunhill where he oversaw a successful turnaround of the business over the past two years. He previously led AZ Factory, part of Richemont, which he started up with Alber Elbaz.

Prior to this, he was CEO of New York-based The Webster, a luxury multi-brand retailer, after several years as a strategic consultant at Bain & Company. The new CEO of dunhill will be announced in due course.