PARIS — Grita Loebsack has exited Kering after less than a year as chief executive officer of its luxury couture and leather goods’ emerging brands, WWD has learned.
Recruited from Unilever, she had been given responsibility over Alexander McQueen, Balenciaga, Brioni, Christopher Kane, Stella McCartney and Tomas Maier.
A Kering spokesman confirmed that Loebsack exited the group over the summer. “It was a mutual decision with the group’s senior management due to strategic divergences,” he noted.
She had reported directly to François-Henri Pinault, chairman and ceo of Kering, and had been part of the group’s executive committee. The ceos of the six companies in the emerging brands group reported to her.
Jean-François Palus, Kering’s group managing director, is to take over her position on an interim basis. “How she will be replaced is not yet decided,” the Kering spokesman added.
Loebsack was named as part of a reorganization that followed the appointment last year of Marco Bizzarri, formerly ceo of Kering’s luxury couture and leather goods division, as ceo of Gucci.
The reconfiguration allowed Kering’s management structure to better mirror the way its results are reported, with emerging brands grouped into the “other brands” division while the top three brands break out figures separately.
Albert Bensoussan is ceo of Kering’s luxury watches and jewelry division, created in 2014.
Previously executive vice president of global skin care at Unilever, Loebsack was brought in to advise Kering’s emerging brands on their strategic and operational issues, to implement best practice and to reinforce a “culture of excellence” across Kering’s luxury activities.
Prior to Unilever, Loebsack worked at L’Oréal, where her functions included general manager of L’Oréal Paris; managing director of L’Oréal, U.K. and Ireland, and global brand president of Vichy.
She could not immediately be reached for comment.