José Manuel Albesa to Succeed Ralph Toledano, Helm Puig Fashion

PARIS – Puig is shaking up its upper management ranks and has promoted José Manuel Albesa to steer its fashion houses, including Carolina Herrera, Nina Ricci, Paco Rabanne and Jean Paul Gaultier, WWD has learned. The executive adds the responsibility to his current role as chief brand officer at family-owned Puig. Ralph Toledano, who joined as president of Puig fashion five years ago, has exited the Spanish company. Reached by WWD, Toledano said he submitted his resignation at the end of last year and quietly wrapped up his tenure at the end of January. He said he would take a short break and take up a new role in September. Toledano declined to elaborate on his next move, saying only that “it’s a totally different activity, and I’m delighted with the idea of starting a new career.” “We would like to thank Ralph for his dedication during the past five years, and wish him the very best for the future,” Puig said. The company asserted that the nomination of Albesa reinforces the cohesiveness of its long-term brand-building strategy. In the new structure, reporting to Albesa, are Ana Trias, brand vice president of Carolina Herrera and Nina Ricci, and Vincent Thilloy, brand vice president of Paco Rabanne and Jean

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