PARIS — With an eye to expansion, Zadig & Voltaire is adding a new recruit to the top ranks of management by naming Arnaud Louet chief financial officer and deputy chief executive officer, WWD has learned.
“His career and experience in leading distribution actors as well as high-growth brands are key assets for our development,” said Zadig & Voltaire chief executive officer Jean-Jacques Guevel. Louet, who takes up his new role on July 3, will be charged with the growth of the company in France and abroad.
The contemporary rock-chic label recruited the executive from Maisons du Monde, a home decoration chain, where he has been financial director since 2014. He was previously cfo of furniture chain Conforama, and later of Flow Group, a restaurant group in France.
Zadig & Voltaire, which is just over 20 years old, has been expanding in the U.S., with help from an investment in the label six years ago from U.S.-based private equity and buyout firm TA Associates. The firm last year mandated Rothschild & Cie to find an additional investor for further expansion.
Last month, Zadig & Voltaire founder Thierry Gillier said he is buying cashmere label Lucien Pellat-Finet — a loss-making brand that entered bankruptcy proceedings last October and is known for brightly colored cashmere sweaters with motifs like skulls, graffiti and marijuana leafs.
Zadig & Voltaire generates revenues of around 300 million euros a year, and is present in 30 countries.