CARTIER’S NEW CEO: Compagnie Financiere Richemont AG has named Bernard Fornas as chief executive officer of its Cartier unit, replacing Guy Leymarie who stepped down this week, as reported. Fornas, who joined Richemont nine years ago, was ceo of Baume & Mercier, which is also controlled by the Zug, Switzerland-based luxury goods conglomerate. Prior to joining Baume & Mercier in 2001, he was marketing director of Cartier. Fornas will be replaced by Michel Nieto, marketing and communications director at Baume & Mercier. In addition to Cartier and Baume & Mercier, Richemont owns Van Cleef & Arpels, Dunhill, Montblanc, Lancel, Jaeger-LeCoultre, Piaget, IWC, Vacheron Constantin, A. Lange & Söhne and Officine Panerai.

GALERIES NUMBERS: French retail group Galeries Lafayette said third-quarter consolidated sales before taxes increased 8.5 percent to $1.26 billion from $1.16 billion a year ago. Most of the gains came from its credit activities and its Europa Quartz, Croisette, Telemarket and Promosta stores. Department store sales for the nine months inched up 0.8 percent to $1.72 billion. Dollar figures are converted from the euro at current exchange rates.

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