PARIS — Who will steer Sephora, the world’s most powerful perfumery chain, in 2011 and beyond? Rumor has it Jacques Levy, president and chief executive officer of Sephora Worldwide, is due to step down from his position at the end of December. It is believed he will stay on through March as a consultant while his successor is recruited.
A spokeswoman from LVMH Moët Hennessy Louis Vuitton, owner of Sephora, said the group had no comment on the speculation.
Levy was appointed to his current position in late 2005, and for the two years prior held the title of president of Sephora Europe. It was a job in which he also oversaw the perfumery chain’s operations in Asia. Levy joined LVMH from Staples International and formerly had various roles at Disney. He also worked at Darty and Galeries Lafayette/Nouvelles Galeries.
As of June 30, Sephora had a global network of 1,020 stores. In the first half of this year, nine doors were opened in Europe, including a Milan-based flagship, growing the number there to 648. Thirteen stores were debuted in North America, bringing its count up to 267.
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