PARIS — Historic Belgian handbag maker Delvaux has reinstalled Marco Probst as chief executive officer, bringing the executive back after a year and a half to fill the role that had been held by Jean-Marc Loubier, WWD has learned.
The move marks the latest change at a tumultuous time for parent company First Heritage Brands, which is backed by Hong Kong billionaires Victor and William Fung. The group also owned Sonia Rykiel, which was liquidated by a Paris court in July.
Loubier told WWD he continues to act as president of the group and is also a minority investor.
Loubier, an industry veteran who previously worked at LVMH Moët Hennessy Louis Vuitton and has been ceo of fashion houses Escada and Celine, said in a note distributed to employees last week that he was resigning from his duties at the high-end leather goods label. In his message, the executive noted Delvaux was in “serious difficulties” when he suggested First Heritage Brands take control of the label in 2011.
The group sought to boost the international profile of the prestigious Belgian label, known for a long-standing relation with the Belgian royal court as an official supplier since 1883, by building a store network abroad and
The move marks the latest change at a tumultuous time for parent company First Heritage Brands, which is backed by Hong Kong billionaires Victor and William Fung. The group also owned Sonia Rykiel, which was liquidated by a Paris court in July.
Loubier told WWD he continues to act as president of the group and is also a minority investor.
Loubier, an industry veteran who previously worked at LVMH Moët Hennessy Louis Vuitton and has been ceo of fashion houses Escada and Celine, said in a note distributed to employees last week that he was resigning from his duties at the high-end leather goods label. In his message, the executive noted Delvaux was in “serious difficulties” when he suggested First Heritage Brands take control of the label in 2011.
The group sought to boost the international profile of the prestigious Belgian label, known for a long-standing relation with the Belgian royal court as an official supplier since 1883, by building a store network abroad and