Marc Jacobs Taps Sebastian Suhl as New CEO-------
Marc Jacobs International has tapped a new CEO this morning, WWD reports. Sebastian Suhl, who has served as the chief executive of Givenchy since 2012, will succeed Bertrand Stalla-Bourdillon. During his stint at Givenchy, Suhl spearheaded ambitious retail efforts that have left the house poised to open roughly twenty-five new boutiques in the remainder of the year. Suhl’s appointment comes at a crucial moment for Marc Jacobs, as the designer refocuses efforts on his namesake brand and prepares for an initial public offering. Before heading to Givenchy, Suhl helped stage Prada‘s IPO on the Hong Kong Stock Exchange in 2011. He will be succeeded at Givenchy by Philippe Fortunato, another LVMH vet and Vuitton’s former North Asian president and CEO.