(AOF) – The SMCP group, parent company of the Sandro, Maje, Claudie Pierlot and Fursac brands, announces the appointment of Jérémie Le Febvre as Chief Executive Officer of Fursac, as of May 15, 2023. In this capacity, he joins the Committee executive of SMCP. Before joining the group, he ran A-Cold-Wall, the Tomorrow group’s brand, between London and Milan, alongside its Artistic Director. Previously, he accompanied various brands and in particular AMI, at a key moment in its development, alongside the founding Artistic Director and the Managing Director.
A graduate of HEC and holder of a Master’s degree in International Corporate Law and Taxation, Jérémie spent the first 10 years of his career in key positions in the financial sector.
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Market boom for several more years
According to Bain & Company, the global luxury market (fashion, cars, hotels, wines and spirits, cruises, etc.) will have recorded a 21% jump in sales in 2022, to 1,384 billion euros. The luxury personal products segment (jewellery, clothing, watches, leather goods, etc.) should grow by 22% and again grow by 3% to 8% in 2023 despite the expected economic slowdown. Growth should continue in the following years, with an increase that should reach 60% by 2030! According to Bain, spending by Americans in Europe has more than doubled between 2019 and 2022. This development is largely explained by a strong dollar. The Chinese market, on the other hand, is at half mast due to the “zero Covid” policy and strict confinements.