L.K. Bennett has hired Didier Drouet as its new CEO, replacing Robert Bensoussan who will now become Executive Chairman of the British fashion retailer. Drouet has previously held senior positions at luxury brands L’Oreal, Cartier and LVMH, and has also been CEO of Jimmy Choo and Christian Lacroix. The retailer hopes that Drouet’s experience can help it expand its global appeal.
Bensoussan commented: “Didier Drouet has a wealth of international experience in the fields of fashion, accessories and luxury, which will strengthen the growth of L.K. Bennett and capitalise on the many opportunities we have to develop the business both in the UK and internationally.” Drouet added: “I am excited to join the L.K. Bennett team and look forward to building on the foundations in place to further develop the brand globally.”
In its last set of full-year results L.K. Bennett reported a 17% rise in gross profits and pushed its gross margin up to 66.8%. Patronage by the Duchess of Cambridge has spread the brands appeal around the world, and the business now runs around 150 stores in the UK, US and Europe.