PARIS — Cacharel said Monday it has parted ways with chief executive officer Pascal d’Halluin after less than a year.
D’Halluin, who took up his post March 19, is leaving by mutual agreement with Cacharel founder and president Jean Bousquet following his trial period, said a spokeswoman for the French label, conforming a report in French daily Le Figaro.
Bousquet is to make a statement in mid-November regarding the organization of the firm, which has been reduced to a licensing operation since implementing a restructuring plan in 2010 that involved selling its outlet stores and men’s wear division in order to preserve jobs and fund future development, the spokeswoman added.
The Cacharel brand, which shot to fame in the Sixties and Seventies with its youthful, romantic style, has undergone multiple changes in management and creative direction in recent years. RELATED STORY: Cacharel Spring 2013 >>
D’Halluin succeeded managing director Marc Ramanantsoa, who held the top job at the company until his departure in October 2009. He previously held senior management positions at L’Oréal, Lee Cooper France and Montaigne Diffusion, the Devanlay subsidiary in charge of distributing the Lacoste brand in France.
Cacharel’s collections, under the creative direction of design duo Ling Liu and Dawei Sun since June 2011, are manufactured by Italy’s Aeffe SpA.
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