PARIS – Thierry Falque-Pierrotin, head of the Redcats mail order division, will step down at the end of the year to pursue another professional opportunity, the French luxury and retail group said.
Falque-Pierrotin has worked at PPR since 1990 when he was chairman and chief executive officer of Francois Pinault’s wood and construction activities. PPR said a successor to Falque-Pierrotin would be appointed before the end of the year.
PPR last month said Mark Lee, the chief at Gucci, would step down for personal reasons. He is being replaced by Patrizio di Marco of Bottega Veneta.
Falque-Pierrotin’s successor will face challenges. Redcats struggled recently, with sales falling slightly last quarter.
During his tenure, Falque-Pierrotin tried to modernize the cataloger by pumping up its e-commerce activities and focusing on niche businesses, such as The Golf Warehouse and The Sportsman’s Guide in the US.