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In Brief: Parfums Christian Dior S.A.

This article was originally published in The Rose Sheet

Executive Summary

Parfums Christian Dior S.A.: Robert Cankes to resign as Christian Dior Perfumes president and chief executive officer, the company announced June 5. Cankes, a former Revlon exec, joined the prestige company in the lead position in 1991. In 1996, he added to his role the responsibility of regional manager, North America. Parfums Christian Dior General Manager of International Operations Pierre Loze will assume responsibility of the North American region until a successor for Cankes is found. The company noted that following Cankes' departure "a new strategic initiative for the U.S. market must...be implemented" that will "take a sharp look at...the selective distribution principles that are of the core values of our brand"...
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