New Leadership in Richemont’s Luxury Brands: Louis Ferla Takes Over Cartier and Van Cleef & Arpels Gets a New CEO

Richemont, a luxury goods conglomerate, has announced major changes to its management team. The main shareholder and president of the company, Johann Rupert, has appointed Louis Ferla as head of Cartier, the most profitable brand within Richemont. This move comes after Nicolas Bos was appointed as the new CEO of the entire group in mid-May.

The appointment of Ferla is significant as it marks a change in leadership at Cartier. The brand generates over 10 billion euros in turnover and there have been rumors that LVMH’s Bernard Arnault is interested in acquiring it. However, Rupert has made it clear that neither Cartier nor Richemont as a whole are for sale.

Ferla’s background with Richemont began with his career at Alfred Dunhill before moving to Cartier in 2006. In recent years, he has led Vacheron Constantin and positioned the brand successfully within the world of haute horlogerie. Ferla’s focus on attracting a younger customer base and launching new collections has contributed to the brand’s growth and success.

As part of these changes, Catherine Rénier will take over at Van Cleef & Arpels following the departure of Nicolas Bos. Philippe Hermann will serve as interim CEO until a permanent replacement is found at Jaeger-Le Coultre. Despite these changes, Richemont continues to see growth and success in the luxury goods sector.