Lacoste chief executive officer of two years, José Luis Duran, is leaving the company to pursue “other professional endeavors,” according to a statement released Friday by parent company Maus Frères.
Former Conforama CEO Thierry Guibert, starting Jan. 19, will succeed Duran. Guibert, who started the consulting group KPMG, was responsible for significantly increasing Conforama’s market share in the furniture sector. He also held various roles at the French luxury goods holding company, Kering, when it was called PPR.
Maus Frères chairman Didier Maus said, “I am sincerely grateful to Jose-Luis Duran for his hard work and his personal commitment to the development of our brands over these past five years.” He added, “Lacoste is turning a new page in its history, and I am pleased to welcome Thierry Guibert, who brings us all his experience and his success at the head of an international group.”
Swiss company Maus Frères, which owns a chain of home goods stores in Switzerland, purchased the French sportswear, footwear and accessories label in 2012 in a deal that was valued at $1.3 billion. The acquisition followed a long-standing Lacoste family feud over management issues.