PARIS — Swiss department store chain Manor has appointed Stéphane Maquaire as chief executive officer, effective Jan. 16, it said on Wednesday.
Maquaire previously served as ceo of Monoprix, the French supermarket and value retail chain, before joining the debt-distressed French retail group Vivarte in 2016. Maquaire was ousted as Vivarte’s ceo after only six months, soon after he presented a five-year plan for the group that included investing 500 million euros, or $525 million at current exchange rates, in the group’s retail stores, including shoemaker André and multibrand outlet La Halle.
The executive succeeds Bertrand Jungo, Manor group’s ceo since 2006.
“Bertrand Jungo had informed us some time ago of his wish to move on to new professional horizons,” Didier Maus, president of the Swiss department store’s holding company Maus Frères, said in a statement. “While we regret to see his departure, we are happy to welcome Stéphane Maquaire, who is well-versed in every facet of European retail and will keep building on the foundations laid by his predecessor.”
Maus cited the group’s e-commerce activities as a key priority. “I am very impatient to take the reins of this hallmark brand in Swiss retail,” said Maquaire, who added that he looked forward to working with Manor’s existing teams.