Jacques Lévy is appointed President and CEO of Sephora Europe

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, today announced the appointment of Jacques Lévy as Chief Executive Officer of Sephora Europe, effective September 2003. A graduate of France’s Ecole des Hautes Etudes Commerciales business school (HEC), Jacques Lévy held a series of positions of increasing responsibility in the distribution sector, working with the Darty, Galeries Lafayette/Nouvelles Galeries and Disney groups. At Disney, he held several international positions. He was first Director of Operations for Europe and then VP, General Manager Global Franchise with the Disney Stores division. He subsequently joined the Disney Consumer Products division as VP, Retail Business Development, based in Los Angeles. Jacques Lévy is currently President of Staples International, a unit of the leading office supplies group. Under his leadership, the European operations of Staples have over the past three years experienced a robust increase in profitability. Pierre Letzelter, Chairman of the Sephora Group, said: «We are very pleased to welcome Jacques Lévy at the head of Sephora Europe. His international experience and thorough knowledge of distribution, combined with the solid competencies of the teams currently in charge of our different operations, will be great assets to the development of the Sephora concept.»