Kering: head of watches and jewelry leaves the company amidst sector’s revolution after Tiffany’s sale

Kering’s head of watches and jewelry leaves the company amidst revolution in the sector. Albert Bensoussan, until now head of watches and jewelry, has left his role after five years. Bensoussan’s departure from the company takes shortly after LVMH confirmed the acquisition of Tiffany for 16.2 billion dollars.

“Albert Bensoussan has decided to carry out a personal project outside Kering, we warmly thank him for his contribution over the past five years in the lead of the watch and jewelry division,” the French luxury holding said in a press release.  

Before joining Kering, Bensoussan already had a long career in the sector. The executive joined LVMH in 1994, where he held positions at Givenchy and was director of sales and marketing for the group’s watch and jewelry division. Previously, he worked ten years at Cartier.

Kering is one of the leading luxury groups and was founded in 1963 by François Pinault. The French holding owns luxury brands like Gucci, Yves Saint Laurent, Balenciaga or Bottega Veneta  and ended the first nine months of the year with a revenue of 11.2 billion euros, up 17% from the same period the previous year.