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Business New: Louis Ferla Appointed CEO of Cartier
Capping several months of rumours, Richemont has just announced the appointment of Louis Ferla as the chief executive of Cartier. Having been in charge of Vacheron Constantin since 2017 – during which its annual sales tripled to about €1 billion – Mr Ferla succeeds Cyrille Vigneron, who is retiring after eight years at the top of the jewel in Richemont’s crown. This news comes just weeks after Nicolas Bos was named chief executive of Richemont, the Swiss luxury group that also owns brands like Van Cleef & Arpels and IWC. Mr Bos was the longtime chief executive of Van Cleef & Arpels and will be replaced by Catherine Rénier, who’s been running Jaeger-LeCoultre since 2018. Elevating VC Officially assuming the coveted top job at Cartier on September 1, Mr Ferla has been with Richemont since 2001 when he joined Alfred Dunhill, before moving to Cartier in 2006 where he rose to International Director of Clients and Business. His tenure at Vacheron Constantin saw the brand increase both its sales and margins as the brand trimmed its retail network to focus on in-house boutiques, while also boosting its offerings of high-end, one-off Les Cabinotiers timepieces. Vacheron Constantin has yet to announce Mr Ferla’s replacement, but his deputy, chief commercial officer Laurent Perves, will step up as the interim chief executive. Mr Ferla’s name became the subject of conversations in the industry at end 2022, when it emerged he was one of the candidates to succeed Francois...
