By Miles Socha
PARIS — Francois-Henri Pinault, once dubbed fashion’s newest titan-in-training, is ready to flex his muscles.
Pinault, 42, is taking the helm of PPR, the $30 billion retail and fashion giant controlled by his family holding, Artemis, effective March 21.
He will succeed Serge Weinberg, who as chief executive officer steered the conglomerate through a dramatic transformation as it shed timber, finance and electronics businesses and absorbed Gucci Group, the world’s third largest luxury player.
PPR made the announcement after a board meeting Wednesday night and characterized it as an amicable parting, with Weinberg maintaining ties to PPR and the Pinault family, for which he has worked for 15 years.
For more see tomorrow’s WWD.