ARNAULT APPOINTMENT: Jean-Marc Espalioux has been appointed president of Financière Agache Investissment, a subsidiary of Groupe Arnault. The group said Wednesday that Bernard Arnault recruited 54-year-old Espalioux, the former president of hotel giant Groupe Accor, to “develop Financière Agache Investissment, in order to invest, among other things, in private equity.”

FACTORY CLOSURE: Rossignol, the Quiksilver Inc.-owned ski equipment firm, said Wednesday it is closing one of its French factories at Isère and trimming the workforce at its Haute-Savoie plant, with a combined loss of 286 jobs. A spokeswoman for Quiksilver, the action sports company, said, “It’s a project of industrial reorganization, to find an economic equilibrium in a very aggressive and competitive market.” However, she said, Rossignol is to open two new factories, creating 124 posts, near Saint Jean Monerans when the company opens its Rossignol hub there. Quiksilver acquired Rossignol in July 2005.

BEHNAZ’S NEXT TARGET: Target has looked closer to home for its next Go International designer. After Fiorucci and Luella Bartley, New York-based Behnaz Sarafpour will create a capsule collection for the mass retail chain. Invitations have gone out for the launch event, which will take place in New York later this month. While a Target spokeswoman declined to comment on Wednesday, a source said the collection will reach Target stores in time for the holidays, but didn’t disclose any specifics.

This story first appeared in the July 6, 2006 issue of WWD. Subscribe Today.

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