×
89 154
Fashion Jobs
BLOOMINGDALE'S
Manager, Sales - Home/Registry
Permanent · MILLBURN
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time - Bloomie's
Permanent · FAIRFAX
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Full Time - Roosevelt Field
Permanent · GARDEN CITY
BLOOMINGDALE'S
Asset Protection Outlet Associate, Part Time - Metro Pointe
Permanent · COSTA MESA
BATH & BODY WORKS
Social Compliance Analyst
Permanent · NEW ALBANY
COLUMBIA SPORTSWEAR COMPANY
Principal Business Process Analyst - Finance
Permanent · PORTLAND
COLUMBIA SPORTSWEAR COMPANY
Product Manager
Permanent · PORTLAND
UNDER ARMOUR
Stock Teammate, Part-Time 5am Shift, Starting Pay $15.25 Per Hour
Permanent · SACRAMENTO
UNDER ARMOUR
Account Manager, Wholesale Sales
Permanent · BALTIMORE
UNDER ARMOUR
Lead, CRM Analyst (Remote)
Permanent · REMOTE
URBN
Urbn IT Business Systems Analyst, Merchandising Systems
Permanent · PHILADELPHIA
URBN
Free People: Senior Buyer, Denim/Bottoms
Permanent · PHILADELPHIA
UNDER ARMOUR
Stock Teammate, Part-Time, Starting Pay $15 Per Hour
Permanent · TULALIP BAY
COLUMBIA SPORTSWEAR COMPANY
Operations Manager - Swing Shift
Permanent · PORTLAND
BLOOMINGDALE'S
Asset Protection Detective, Full Time, Roosevelt Field
Permanent · GARDEN CITY
BLOOMINGDALE'S
Manager, Sales - Fine Jewelry
Permanent · ORLANDO
BLOOMINGDALE'S
Asset Protection Visual Security Officer, Part Time, Bloomie's
Permanent · FAIRFAX
ADIDAS
Retail General Manager Adidas - Sawgrass Mills 6156, Sunrise, fl
Permanent · SUNRISE
URBN
Urban Outfitters Visual Merchandising Manager
Permanent · PALO ALTO
URBN
Urban Outfitters Visual Merchandising Manager
Permanent · TUCSON
URBN
Anthropologie Design Director - Furniture
Permanent · PHILADELPHIA
URBN
Anthropologie Design Director - Fabric & Textile Concept
Permanent · PHILADELPHIA
Translated by
Nicola Mira
Published
Jun 15, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Richemont’s HR head departs after remunerations row

Translated by
Nicola Mira
Published
Jun 15, 2020

On Friday, Swiss luxury goods giant Richemont, owner of Montblanc and jewellery brand Cartier, announced its Group EVP Human Resources Sophie Guieysse is stepping down “with immediate effect”, in the midst of a row over the group’s executive committee’s remuneration policy.


A row over executive remuneration is raging at Richemont - Richemont


According to Swiss newspaper Le Temps, the Geneva-based luxury group announced on May 27 a 35.8% increase in its executive committee’s remuneration. For the financial year which closed at the end of March, the committee’s total remuneration amounted to CHF41.4 million (€38.7 million). At the same time, Richemont announced a 25% reduction in its employees’ annual bonus, and the fact that it would not top up its furloughed workers’ wages for June and July. Le Temps reported that the decision has already prompted a walkout of Richemont’s Italian employees in Milan and Turin.

Guieysse’s departure seems like a stopgap solution, an attempt at trying to defuse a tense situation. In a brief communiqué, Richemont indicated that Guieysse, a board member since 2018, will not attend the board meeting for the group’s next AGM, which is scheduled in September.

Guieysse is an engineering graduate from France's Ecole Polytechnique and the Ecole nationale des Ponts et Chaussées. She worked in executive and advisory roles at various French ministries before joining world luxury number one LVMH in 1997, then French broadcasting group Canal + in 2005. In October 2017, she took charge of human resources at Richemont, the world’s second-largest luxury group.

In the last financial year, Richemont recorded a 67% downturn in its operating profit, down to €931 million, while revenue instead grew by 2%, reaching €14.238 billion.

With reporting from AFP

Copyright © 2022 FashionNetwork.com All rights reserved.