Chanel Names New Asia Leaders as Senior Departures Pick Up
- Asia President Shaw set to retire; role to be split into two
- Luxury label is owned by billionaire Wertheimer brothers
Shoppers wait in line outside a Chanel store at a mall in Beijing.
Photographer: Kevin Frayer/Getty ImagesChanel named two executives to replace Vincent Shaw, its Asia Pacific president, when he steps down later this year, as turnover picks up among members of the fashion house’s old guard.
Shaw will retire at the end of June after 30 years at Chanel. His role will be split between Renaud Bailly, currently managing director for China, and Stephanie Couette, who holds the same title for Hong Kong and Macau, a spokesperson for the company told Bloomberg.