Maus Frères Group (MFG) has announced Lacoste chief executive José-Luis Duran has stepped down and will be replaced by the former chief executive of homeware retailer Conforama, Thierry Guibert.
The former Carrefour chief executive and chairman Duran will be “leaving his role at the group to dedicated himself to some personal projects,” said Maus Frères in a statement.
Maus Frères’ acquired all shares in Lacoste to take single ownership of the brand in November 2012, valuing the company at about €1bn (£858m). Up until then, Lacoste was still part-owned by descendants of the brand’s founder and famous tennis player René Lacoste.
Guibert held the position of chairman and chief executive at Conforama since June 2008 and was previously chief operations officer and chief financial officer at French retail chain Fnac, which sells home and electronic products.