Oliver Goudet, Bart Becht and Peter Harf, senior partners in the holding company of the Johann A. Benckiser (JAB) group, are taking over the management of Bally, Belstaff, Jimmy Choo and Zagliani. These brands were previously run through a subsidiary of JAB specializing in luxury goods, Labelux, which is being disbanded. Reinhard Mieck, chief executive of Labelux, will leave the group by the end of this year.
JAB had set up Labelux in 2007 to manage the acquisition of Bally and other luxury brands. It recently bought a brand of cosmetics, Solange Azagury-Patridge and the American fashion house of Derek Lamm. JAB is said to be keen to concentrate on high-end leather items.
Besides its high-volume cleaning materials business, Reckitt Benckiser, JAB owns controlling shares in Coty, the big American cosmetics concern, and in a couple of coffee and tea companies, Peet's Coffee & Tea, and Caribou Coffee.