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.
EXCLUSIVE: @tomford is opening its first-ever beauty store. The boutique, which opens November 20 in London’s Covent Gardens, was designed with the over-the-top glam Ford is known for. Read the full story on WWD.com, link in bio. #wwdbeauty #wwdnews (📷: Simon Wagner) #TomFordBeauty
New York-based DJ @harleyvnewton threw a party to celebrate the holiday collection of her dress and pajama line @hvn at the Ladurée Beverly Hills. It Girls @katebosworth, @rashidajones and more joined in on the fun, which included cocktails, croque monsieur sandwiches and a photo booth. #wwdfashion (📷: Owen Kolasinski/BFA.com)
For the holidays, @Burberry partnered with 20-year-old artist @blondeymccoy on a series of three outdoor murals in downtown Manhattan. The murals are McCoy’s interpretation of a Christmas eve party, the idea of charity and the spirit of family. His third mural, pictured here, is the most personal. The image depicts McCoy’s grandparents and father in London’s Trafalgar Square in the Seventies. “My work often features lots of sentimental objects.” #wwdeye
For spring 2018, designers applied bold colors and cartoonish motifs on everything from sneakers and belts to key chains. See all the top men’s accessories trends on WWD.com. #wwdtrends (📷: George Chinsee; Prop Styling by @rnasti; Market Editor: @luiscampuzano)
The @dior-sponsored @guggenheim international gala pre-party has a history of drawing cool-girl musical acts to serenade the crowd –– and last night was no exception. @haimtheband performed songs both new and old, and lured a star-studded audience with the likes of Rebecca Hall, Kate Mara, Mamoudou Athie and more. #wwdeye (📷: @lexieblacklock)
In a partnership between the @metopera and the @englishnationalopera, “Marnie” was born. The opera, with costumes sponsored by @mrporterlive, is an adaptation of the 1961 thriller by Winston Graham. Arianne Phillips, who created the costumes, is no rookie: She’s styled Madonna for her tours and created costumes for a myriad of films in the past. Read WWD’s interview with Phillips, where she talks about her inspiration for the opera’s costumes on WWD.com #wwdfashion
@barneysnyc took a different approach to their holiday windows this year. Instead of Christmas decor, Barneys tapped @thehaasbrothers to tell a story of positivity, gratitude and inclusivity via heartwarming silliness and humor. “It’s about kids and it’s about coming together and being family and loving each other,” said Simon Haas. #wwdfashion (📷: @joshuascottphoto)
Beauty influencer @kandeejohnson makes her foray into hair care with a collaboration with @ogx_beauty — making it the first time that OGX has teamed up for a product creation. The collab includes shampoos and conditioners in three scents. At 39 and a mom, Johnson is a different profile than the emerging social media stars, but is considered one of the pioneers of the digital beauty influencer world. Read WWD’s interview with her on wwd.com, including the strangest beauty product she’s ever tried #wwdbeauty