Tory Burch hires a former Prada to lead the business in Europe
The company added Stefano Sutter to its team, who will be in charge of the functions for the region of Europe and Near East.
Tory Burch underpins its leadership in Europe. The US company appointed Stefano Sutter as president for the Europe and Near East regions. The manager will take his seat on February 4.
Sutter has a wide experience in the sector. Until now, the manager had worked for eight years as responsible for the activities Prada and Miu Miu for the northern part of Europe. In addition, he had also been part of other fashion companies like Inditex.
The signing of Sutter comes two months after Tory Burch renewed its leadership with a new CEO. The US company appointed Pierre Yves Roussel, former chairman of the fashion division of LVMH, to lead the company.
These changes take place after the group, at the end of last November, repurchased to the Mexican investment fund Tresalia Group 20% of the shares it had since 2009. After the transaction, whose amount was not disclosed, Tory Burch and the funds General Atlantic and BDT remain as the main shareholders of the company.
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