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Rahme Leaves Annick Goutal

NEW YORK -- Laurice Rahme, who had been president of the U.S. division of Annick Goutal for five years, said Thursday she has resigned.<BR><BR>"It is with deep regret that I am leaving the company today," said Rahme, who was reached at her home. She...

NEW YORK — Laurice Rahme, who had been president of the U.S. division of Annick Goutal for five years, said Thursday she has resigned.

“It is with deep regret that I am leaving the company today,” said Rahme, who was reached at her home. She is credited with building the French fragrance firm’s U.S. business.

Rahme said she is leaving because of conflicts concerning her contract. “We could not come to an agreement on the renewal,” she said, declining to elaborate. Rahme said she has a stake in the company, which is owned by Group de Louvre in Paris.

According to industry estimates, last year Goutal had a wholesale volume in the U.S. of about $8 million, and is expected to do $11 million this year.

Rahme said she hopes to remain in the industry.