L'Occitane Group appoints ex-LVMH exec as Managing Director
L'Occitane Group has announced the appointment of Laurent Marteau as its new Group Managing Director, effective from 1 September 2022.
Laurent will join the company from La Prairie Group, where he currently serves as Vice President of EMEA and sits on the company's board. Prior to this, he worked for LVMH Group for 15 years, in various senior management roles including Worldwide Travel Retail Director of LVMH Fragrance Brands.
André Hoffmann, Vice-Chairman and CEO of L'Occitane Group, said: "We are delighted to welcome Laurent to further drive our transformation into a global, multi-brand group. His in-depth knowledge of the global beauty industry will be a real asset to accelerate our long-standing omni-channel strategy in our key markets."
L'Occitane Group is a global manufacturer and retailer of natural cosmetics and wellbeing products. The group operates in over 90 countries, with its brands including L’Occitane en Provence, Elemis and Duolab.
In June, the group released its financial results for the year ending 31 March 2022, revealing a 15.8% increase in net sales to £1.5 billion (€1.78 billion). The company attributed its results to "very strong" operational performance from L’Occitane, as well as the development of the group’s other brands, notably Elemis.