PARIS — LVMH Moët Hennessy Louis Vuitton on Tuesday appointed Jean-Christophe Babin, Tag Heuer’s longtime chief executive officer, as the new ceo at Bulgari.
This confirms a report in WWD on Jan. 14 that Babin would take the management helm of the Roman jewelry house, which falls under the watches and jewelry division of LVMH headed by Francesco Trapani. Babin is expected to take up the post in the coming months.
Babin succeeds Michael Burke, who headed Bulgari from February to December 2012, when he was named to succeed Jordi Constans as chairman and ceo of Louis Vuitton.
Of French and Italian nationality, Babin is a graduate of the prestigious HEC Business School in Paris. He started his career in 1983 at Procter & Gamble in France in a variety of commercial and marketing roles, going on to work for Benckiser and Henkel in Italy.
He joined Tag in 2000 and orchestrated what LVMH described as a“remarkable development.”
His successor at the Swiss watchmaker, famous for sports watches and chronographs worn by celebrities including Leonardo DiCaprio and Maria Sharapova, has yet to be named.
During his tenure at Tag, Babin oversaw the brand’s retail expansion, adding up to 30 stores per year. He also experienced chronic shortages for some of Tag’s top sellers, including the Carrera and the Ladies’ Aquaracer.
In one of the headline luxury deals of 2011, LVMH took control of Bulgari in a cash-and-share swap valued at more than $6 billion.
Babin’s appointment suggests Bulgari is keen to seize on its potential in watches, which Burke had characterized as “way below potential.”
This category — which in the past has been problematic at times for the jeweler — is the second-largest business for Bulgari, which recently reined in the expansion of its leather goods.
More than a decade ago, the firm solidified its watchmaking back office, buying top suppliers such as Gerald Genta and Daniel Roth, and the labels’ production facilities, Manufacture de Haute Horlogerie SA, which has allowed Bulgari to produce watches entirely in-house.
Organic revenues at LVMH’s watches and jewelry division gained 6 percent in 2012 to 2.84 billion euros, or $3.65 billion at current exchange.
“These collections continue to build on that vision, empowering differently abled adults to express themselves through fashion,” said @tommyhilfiger of his line of adaptive apparel, which launches today. The line consists of 37 men’s and 34 women’s styles based upon the pieces from the spring Tommy Hilfiger sportswear collection. #wwdnews
“Stranger Things” is getting a new cast member for season 2. Meet @sadiesink_, the 15-year-old who will be joining the Netflix series for its new season. You may recognize her from “The Glass Castle” with Brie Larson and Woody Harrelson, but the Texas native’s next role goes in an entirely different direction. She describes her character, Max, as “a rough and tumble skater girl [who] becomes friends with the boys at school.” The second season debuts on October 27. (📷: @jgreenery) #wwdeye
Amid the Harvey Weinstein controversy, there’s another sector that’s being put under the spotlight for sexual abuse: the modeling industry. While rumors about abuse and sexual harassment of female and male models — and the photographers, agents and others who perpetrated it — have circulated within the fashion world for years, model @cameronrussell started posting stories from models on Instagram last week about abusive situations they’ve encountered — from sexual harassment and molestation to attempted rape. Over 75 have weighed in so far. Read more on WWD.com. Link in bio. #wwdnews
To celebrate its 16th anniversary, @dylanscandybar tapped designers and celebrities to create mosaics out of candy. The mosaics will be auctioned off to support the philanthropic cause of each participant’s choice. Pictured here is the mural created by @aliceandolivia's Stacey Bendet. For a first look at some of the other artwork being unveiled tonight, go to WWD.com. #wwdeye
The annual Veuve Clicquot Polo Classic in Pacific Palisades this weekend drew Kate Hudson, Tracee Ellis Ross, Laura Dern and more. See pictures of the star-studded event on WWD.com. (📷: @chelsealaurenla) #wwdeye
In his new book “Hollywood Royale,” Andy Warhol’s Protégé Matthew Rolston celebrates the Eighties revival of Hollywood glamour. Featuring more than 100 portraits taken by Rolston from 1977 to 1993, the book contains photos of icons like Michael Jackson, Cyndi Lauper, and @drewbarrymore, pictured here in 1991. “Hollywood Royale,” out today, will be accompanied by an exhibition opening at Los Angeles’ Fahey/Klein Gallery on March 1. #wwdeye
"Nowadays when life is not so happy with everything going on in the world, I think people come to me for a little bit of whimsy and color and fun." - Designer Rebecca De Ravenel on her cult-favorite jewelry line. (📸 : @vsteves) #wwd40
“Everyone is talking about how the retail industry is struggling, but I think it’s an incredible time because brands who are doing something different and innovative are setting themselves up for the future,” said @adamgoldston, who founded the luxury athletic brand @apl with his brother @ryangoldsten. The Goldston’s are part of WWD’s 40 under 40: a group of industry notables. See the rest of the list on WWD.com. (📷: @vsteves) #wwd40
@eyeswoon blogger Athena Calderone debuted her first-ever cookbook, “Cook Beautiful,” which is heavily centered on the presentation and visual expression of food. Pictured here are her miso glazed carrots from the book. Get the recipe on WWD.com. (📷: @johnny_miller_) #wwdeye