This story first appeared in the December 13, 2013 issue of WWD. Subscribe Today.
Chanel has spent 2013 moving from success to success, coming off a very strong 2012 with an estimated 10 percent growth in its fragrance and beauty business. Launches like Les Beiges in color and Le Lift in skin care were wildly popular, and the brand’s iconic fragrance business continued to soar. “Chanel has been amazing,” said Karen Grant, senior global industry analyst at the NPD Group. Chanel’s success was underlined by the March announcement that Christine Dagousset, executive vice president of Fragrance and Beauté for the company in the U.S., will succeed Andrea d’Avack as Chanel’s global Fragrance and Beauté president. In January, Dagousset will move back to France to become global deputy general manager for Fragrance and Beauté, working with d’Avack in a transition phase. In 2015, she will be named global president, Fragrance and Beauté, with global strategic authority. One of Dagousset’s proudest moments from her time in the U.S.? “We managed to increase share of market while at the same time decreasing distribution,” she said—a true feat. Said Grant, “Dagousset is leaving on a high note.”