The seafaring life was the inspiration for Clare Waight Keller's lovely, breezy spring collection for Chloé.
He succeeds Carlo Alberto Beretta, who will take on the new role of chief client and marketing officer at Kering.
Stella will also expand its new product Stella Connect.
The Italian retailer plans to expand in Switzerland, Austria, Slovenia and Hungary.
The entrepreneur becomes president of the Italian company.
Walgreens Boots expects the deal for Rite Aid to close by the end of the year.
The investment firm sees strong potential for the French shirtmaker in the affordable luxury segment.
The company is meant to be transformed into a leading player in the craft and hobbies industry.