Evelyne LY-Wainer has been named the managing director of global travel retail at the L’Occitane Group. With over twenty years of experience in travel retail and luxury brand management, Wainer brings a wealth of expertise to her new role.
Before joining the L’Occitane Group, Evelyne LY-Wainer held the position of Chief Commercial Officer for Shiseido Travel Retail Asia Pacific for nearly eight years. With her extensive experience in the luxury beauty industry and her profound understanding of the travel retail sector, she is anticipated to guide the L’Occitane Group through its next stage of growth.
Throughout her career, she has demonstrated strong leadership qualities, serving as Brand General Manager for Kiehl’s and Biotherm, and Marketing Director for Lancôme within the L’Oréal Luxe Division, according to L’Occitane.
Laurent Marteau, L’Occitane Group CEO said, “We are delighted to appoint Evelyne as our new managing director global travel retail. Under Evelyne’s outstanding leadership, I am confident that our brand portfolio will be further propelled onto the global stage and that her strategic insights and passion for excellence will drive continued growth and success for our group in the dynamic world of travel retail.”
At the end of April, Reinold Geiger, Chairman and major shareholder of L’Occitane, announced that the company had secured funding from Blackstone and Goldman Sachs for a $1.8 billion privatization deal for the French skincare group. The company, which has been listed on the Hong Kong Stock Exchange since 2010, was valued at $6.4 billion.
Reinold Geiger, who holds a 73 percent stake in the company, stated that the industry was experiencing significant transformations. However, he noted that L’Occitane, which encompasses its eponymous brand as well as newer successes like Sol de Janeiro, had effectively evolved into a global conglomerate with multiple brands.
Reinold Geiger stated, “The transaction we are launching today will enable us to focus on rebuilding the foundation for the long-term sustainable growth of our company.”
