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The global fashion business journal

19 Sep 201922:54

Major management shake up at Jennyfer: CEO Manel Jadraque leaves

The Spanish executive left the company in April after twenty months in office, based in Paris. Jadraque, former chief at Desigual, will focus from now on consulting endeavours.

07 May 2018 — 05:00
P. Riaño/ I. P. Gestal/ L. Molina
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Major management shake-up at Jennyfer: CEO Manel Jadraque leaves

 

 

Manel Jadraque leaves Jennyfer. The Spanish manager left his position as chief executive officer of the multinational French fashion chain Jennyfer, spearheaded by the owners of Celio. The executive took over global management at Jennyfer in September 2016.

Jadraque left the French group end of April to “start new personal projects in the field of retail and fashion consulting”, as he explained to Modaes.es. The former Jennyfer CEO was based in Paris.

 

Jadraque has a long career in the fashion business. After holding various positions within companies such as Loewe and Louis Vuitton, he joined Desigual in 2004 as product- and operations director. In 2012, Jadraque got promoted to the top management of the Catalan company, first as general manager and later as CEO. In 2015, a year after investment group Eurazeo became a minority shareholder of Desigual, Jadraque left the group.

 

Before joining Jennyfer, the executive worked at digital consulting company Talent Republic and invested in various Spanish fashion start-ups such as Ursulitas (which went into liquidation last summer) and MAM Originals.

 

 

 

 

In 2016, Jadraque joined Jennyfer with the aim of giving a new direction to the fashion company. At that time, he reported directly to Guillaume Motte, Celio’ CEO. Motte, who served as chief at Jennyfer until 2015, left the group last January to join the ranks of Sephora.

 

Jennyfer was founded in 1985 by David Tordjman and Gérard Depagnat. The company, which competes with retail chains such as Pimkie, Stradivarius and Berhska (the last two owned by Inditex), has a distribution network that comprises around 400 stores and 2,000 employees. The firm’s operations extend mainly across Europe and the Middle East.

 

Since 2005, Marc and Laurent Grosman, owners of Celio, control a 51% stake in Jennyfer, while the remaining shares are still owned by the founders of the womenswear chain. At the time of the equity exchange, Jennyfer’s total revenues were 285 million euros, while Celio's turnover exceeded 400 million euros.

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