Dunhill is getting new leadership.
The British men’s luxury brand announced Tuesday that Matthew Ives will step in as its chief executive, effective Oct. 13. He takes over for Andrew Holmes, who had been filling in as interim CEO after his predecessor, Laurent Malecaze, was appointed to lead Richemont stablemate Chloé at the end of 2023.
The appointment marks a return to Richemont for Ives, who held senior leadership positions at the conglomerate’s Cartier and Van Cleef and Arpels labels before departing for De Beers, where he served as senior vice president and chief commercial officer for three years.
Ives will report to Philippe Fortunato, CEO of Richemont’s fashion and accessories maisons
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Richemont Sales Up 6%, Defying Deepening Luxury Downturn
The Swiss group’s jewellery division, including Cartier and Van Cleef & Arpels, grew by double digits in the first quarter, while fashion stagnated and watches slumped. Weaker currencies in key export markets and a darkening China market are set to add further pressure to luxury firms this quarter.
