Job Hopping Chanel UNIQLO European CEO Returns To Luxury Industry

The European CEO Berndt Hauptkorn, who has led Uniqlo UNIQLO to expand Europe in June 2012, has left and returned to luxury.

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Chanel Chanel confirmed the appointment of Berndt Hauptkorn as the new president of Europe and the Middle East to replace the retiring Didier Sabas.

Over the past 3 years, Berndt Hauptkorn has also served as the vice president of Uniqlo UNIQLO parent company and Asia's largest apparel retailer Fast Retailing Co. Ltd. 9983.T (9983.T) fast marketing group.

Before 2008, Berndt Hauptkorn was the CEO of LABELUX Group GmbH (now JAB Luxury GmbH).

After the acquisition of Swiss leather luxury brand Bally Schuhfabriken AG in 2009, the holding company dispatched Berndt Hauptkorn to become the president and chief executive officer of the latter.

After Berndt Hauptkorn hopping, Takao Kuwahara, Europe's chief operating officer of Uniqlo UNIQLO, will be temporarily appointed chief executive until further notice.

After losing the British market in 2001, Uniqlo UNIQLO has been cautious and slow in the European market of its biggest competitor Zara and H&M. The current European business covers only four countries including Britain, France, Russia and Germany. In the last three quarters, it was affected by the renovation of flagship store in London, Oxford, while the European business profit of Uniqlo has been reduced, but the accumulated income and profit in the first three quarters still increased.

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According to the data, the Uniqlo market revenue in the European market of the first half of December in the year of December was 203 million euros, up 131% from the previous fiscal year, which benefited mainly from the opening of Berlin, Paris stores and the operation of the UK and France businesses. The Sunday Times quoted the data from the Companies House Management Office of the United Kingdom as the 2015 financial year (unlike the group's financial year cycle). The European business of Uniqlo Uniqlo achieved its pre tax deficit, turning 2 million 200 thousand euros from a loss of 3 million 400 thousand euros a year earlier.

In Europe, Uniqlo has 10 stores in the United Kingdom, 8 in France and Russia. In April last year, the brand entered the German market for the first time and opened in Berlin.

This autumn

Plans to add 1 stores in Berlin and southern France, bringing the total number of European stores to 29.

It is reported that Fast Retailing will also open stores for Uniqlo UNIQLO in other major European cities, such as Milan and Barcelona.

Yukihiro Katsuta, head of global development and research at Uniqlo, said in an interview with Reuters that the group hopes that the development of Uniqlo UNIQLO in the European market will be similar to that in the US market.