The exit light is blinking over France’s foremost Riviera label, Façonnable. The Nice-based brand said Friday that Alberto Lavia, the firm’s chief executive officer, would exit the company on May 31. The announcement came just months after Façonnable’s creative director, Eric Wright, parted ways with the firm. Lavia, who was formerly ceo of Kenzo, “decided to leave the company to pursue personal endeavors and relocate back to his native country,” the company stated. In 2007, Nordstrom sold Façonnable for $210 million to the M1 Group, a diversified family-owned company based in Beirut, Lebanon. Officials at Façonnable were not immediately available to confirm if a successor has been named.
May 3, 2010