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Chanel Boosts Female Board Representation in Ongoing Overhaul
- Henkel Chairwoman Bagel-Trah among luxury label’s nominations
- Industry faces waning demand following a post-pandemic boom
The changes are part of a generational shift at the label.
Photographer: Francesca Volpi/BloombergChanel is boosting the female representation on its board as part of a governance revamp at the top of the luxury fashion label.
Simone Bagel-Trah, 56, chairwoman of German consumer firm Henkel AG, was appointed as a non-executive director this month, a Chanel representative confirmed Wednesday. Teresa Ko, a Hong Kong-based corporate and securities lawyer at Freshfields, was also named to the board.