KERING APPOINTS CEO FOR KERING BEAUTY

THE WHAT? Kering has announced the appointment of Raffaella Cornaggia as CEO of the newly created Kering Beaute. She joins Kering from The Estee Lauder Companies where she has held numerous senior roles, most recently SVP and GM International Business – Estee Lauder & Aerin.

THE DETAILS In her new role, Cornaggia will help develop an expertise in the beauty category for Kering’s Bottega Veneta, Balenciaga, Alexander McQueen, Pomellato and Qeelin brands.

THE WHY? The creation of Kering Beaute will enable the luxury goods group to support its brands in the development of the beauty category, which is a natural extension of their universe. Jean-François Palus, Group Managing Director, said: “I am delighted to welcome Raffaella Cornaggia, who brings us considerable experience in a segment that we see as strategically important for our Houses. We are building this new area of expertise within our Group to ensure that our brands can fulfill their potential in this category.”