According to Women's Wear Daily, EPI has selected Valérie Hermann, Ralph Lauren's former president of global brands, to be managing director of the fashion and luxury division of the Parisian investment firm, which owns J.M. Weston and François Pinet, a French chain of high-end shoe retail stores. Hermann will assume her duties and join EPI's executive board on Jan. 8, working with Christopher Descours, EPI's president. Hermann was director of women's ready-to-wear at Dior before becoming chief executive of Saint-Laurent and then Reed Krakoff. She joined Ralph Lauren in 2014. EPI also owns the champagne houses Piper-Heidsieck and Charles Heidsieck, and the wine makers Biondi-Santi, Château La Verrerie and Tardieu-Laurent. It acquired Bonpoint, the children's apparel brand, in 2007. EPI is the holding company of the Descours family, which also founded and led Groupe André, the French shoe retailing group now called Vivarte, which has been streamlined.