By  on May 29, 2009

LONDON — Compagnie Financière Richemont is making a bid to strengthen its fashion and accessories houses in the face of the economic downturn.

Last week the luxury goods group named retail veteran Marty Wikstrom as chief executive of Richemont’s fashion and accessories businesses, a new position. The announcement Friday confirms a report in WWD March 31. Johann Rupert, executive chairman of Richemont, said the appointment “reaffirms Richemont’s commitment to our fashion and accessories maisons.”

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