Jean-Paul Gaultier sews up new chairman

12th April 2005, Comments 0 comments

PARIS, April 12 (AFP) - French fashion house Jean-Paul Gaultier, currently implementing a restructuring plan aimed at bringing the firm to the break-even point by year's end, on Tuesday named Eric Lebaume as its new chairman.

PARIS, April 12 (AFP) - French fashion house Jean-Paul Gaultier, currently implementing a restructuring plan aimed at bringing the firm to the break-even point by year's end, on Tuesday named Eric Lebaume as its new chairman.

The 53-year-old Lebaume replaced Donald Potard, 52, one of Gaultier's childhood friends who last week announced he would leave the group after 25 years, saying he had accomplished his mission.

Lebaume, who previously worked for Balmain, Ines de la Fressange and Mendes, immediately stepped into his role as chairman.

"Jean-Paul Gaultier chose Eric Lebaume for the variety and quality of his experience in the luxury goods sector, notably in the areas of production and distribution," the company said in a statement.

The ready-to-wear and haute couture label was forced to eliminate 31 of 160 jobs in France as part of the restructuring plan. In 2003, it posted its first loss since 1991.

The firm posted a turnover in 2004 of EUR 28 million (USD 36.1 million).

© AFP

Subject: French News

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