Richemont Hires Former Givenchy CEO to Lead Fashion Brands

According to WWD, the hiring of Matthew M Williams isn't the only major Givenchy-related shakeup in the fashion industry. Richemont has confirmed the hiring of Philippe Fortunato, the former CEO of the venerable French fashion label.Richemont is the world's second-largest fashion conglomerate after LVMH, which owns Givenchy. Based in Switzerland, the company operates brands like Cartier, Van Cleef & Arpels, IWC, Piaget, YOOX NET-A-PORTER Group and British gunmaker Purdey. On September 1, Fortuna...