Family Activity Roundup: Next-appointed persons, Hermes and Carmignac, voice concerns grandson of M & S

12/07/2013 12:45


       To take on sixth-generation Hermès Maxime Carmignac uses the British branch of the family business family member, and M & S, the dealer said must modernize.

Hermes
Hermes sixth generation Axel Dumas was announced as the new CEO of the French manufacturer of luxury, by COO of the company since 2011th

He takes over the current CEO Patrick Thomas, who is retired from January 2014.

Dumas, 43, joined the family business in 1993 - having previously worked for BNP Paribas in China and New York - and worked primarily in the divisions of jewelery and leather goods.

Prior to joining the family business, graduated from Dumas, 43, from the Institut d'Etudes Politiques in Paris, Harvard Business School and has a degree in philosophy at the Sorbonne.

Hermes, founded in 1837, is still majority owned by the family, 72% of the shares and 40 members of the sixth generation, or about a quarter of the work heard for the family today.

Carmignac Gestion
Maxime Carmignac, the daughter of the founder of Carmignac Gestion, has been named managing director of the British branch of the family business.

Founded in 1989 by Edouard Carmignac, the family of one of the largest asset management companies in Europe, Carmignac will focus on the long-term strategy of the company in the United Kingdom in his new role.

She has worked with the company since 2006 and was a member of the Board since 2008. She had previously worked for consulting firms in New York and London.

M & S
The last remaining member of the Board of Directors of M & S said that the company does not move fast enough, revealed over time as a family of sales slipped derivatives generally for an eighth consecutive quarter.

The British multinational retailer showed its meeting this week that sales of general merchandise and clothing - especially - are down, falling 1.6%, while sales of food to 1.8%. There was a 8.7% increase in international sales and a 29.9% increase in e-commerce sales.

Sir David Sieff, the great-grandson of the founder Michael Marks and Head of M & S from 1972-1997, said the company had failed to modernize and necessary to give priority to customers.

However, he put his support behind current CEO Marc Bolland, the shareholders will be an improvement in the quality of the clothes when autumn and winter collections are uncovered to see later this month, says.
 

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