Luxury accessories label Anya Hindmarch is to appoint former Harrods chief executive James McArthur as chief executive.
According to the Financial Times, McArthur will today take over the chief executive role from the label’s founder, Anya Hindmarch, who will concentrate solely on the creative side of the business. Hindmarch will continue as chairman and creative director.
McArthur left his position at luxury department store Harrods in January 2009 less than a year after taking on the role. McArthur also formerly worked at Gucci as vice president, and has also been chief executive of Balenciaga and interim chief executive at Yves Saint Laurent.
Hindmarch said: “I have always known that when the business achieved a certain scale, I would want to bring in outside expertise to help take us to the next level. We have great ambitions for the Anya Hindmarch brand and this is the right time to strengthen senior management.”
Hindmarch and McArthur did not rule out the possibility of looking for financing from external investors and said a stock market listing “may be an option”.
Anya Hindmarch has 54 stores worldwide but will add 11 to its network this year. Internet sales and bespoke products are additional areas the label will focus on as part of its expansion plans.