Chanel: Frédéric Grangié appointed President of watch-jewellery division

By

Dominique Muret

Published
Mar 3, 2016

The Chanel group announced that its watch-jewellery division will be headed by Frédéric Grangié, former CEO of Louis Vuitton Japan. The executive recently joined the Maison and will take on his role from 1st July 2016.

Grangié will report directly to Alain Wertheimer, Chanel's principal shareholder with his brother Gérard, who will take charge of the group's management again.

Grangié will succeed Philippe Mougenot, President of Chanel's watch-jewellery division since 1999. In a press release, Chanel stated that Mougenot has decided to leave the group "to devote his time to his family and his interests." He is expected to leave at the end of June.