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Richemont
Vacancy at creative helm pushes Alaïa further into red

LogoSubscribers only By Zélie de Crécy
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The Richemont brand has been lacking creative direction since Pieter Mulier’s departure.
The Richemont brand has been lacking creative direction since Pieter Mulier’s departure. © Photomontage by Glitz – Sources: Zuma Press (Alamy), Kristy Sparow (AFP)

Despite the success of its accessory range, the fashion house founded by Azzedine Alaïa has been struggling since its creative director Pieter Mulier left for Versace in December. Its losses have doubled over the last two financial years.

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