He will be succeeded by Laurent Malecaze as President and CEO of Chloé. Laurent joins from dunhill where he oversaw a successful turnaround of the business over the past two years. He previously led AZ Factory, part of Richemont, which he started up with Alber Elbaz. Prior to this, he was CEO of New York-based The Webster, a luxury multi-brand retailer, after several years as a strategic consultant at Bain & Company. Laurent Malecaze commented:" I am extremely honoured to be leading such an iconic French luxury Maison. I am thrilled to start this new chapter with the immensely talented Chemena Kamali." Philippe Fortunato commented: "I am pleased to announce Laurent as the new President and CEO of Chloé. Laurent has a proven track record in partnering with great creative talents, and his ability to energise an organisation will be instrumental to lead Chloé during this period of creative renewal.