Paul Hastings advises on Mulberry chief executive Guillon's exit
The London office of Paul Hastings has advised Mulberry chief executive Bruno Guillon on his high-profile resignation from the British fashion label.
April 01, 2014 at 08:03 PM
2 minute read
The London office of Paul Hastings has advised Mulberry chief executive Bruno Guillon on his high-profile resignation from the British fashion label.
French businessman Guillon has stepped down from his role with immediate effect after taking up the job two years ago. He joined Mulberry from Hermes in France, where he was managing director.
Guillon has been replaced by former Mulberry CEO and non-executive chairman, Godfrey Davis, until a successor is found.
Under Guillon's watch Mulberry, which is best known for its luxury leather handbags including the Alexa, has hiked prices and there have been a string of profit warnings.
In the latest warning, the fashion company announced in January that its pre-tax profits for the year ending 31 March would be "substantially below market expectations" on the back of wholesale order cancellations from Korean customers and tough trading conditions over Christmas.
The Paul Hastings team advising Guillon was led by employment partner Suzanne Horne, who was flanked by associate Matthew Poxon. Horne previously advised Guillon on his exit from Hermes to Mulberry.
Other advisers to Mulberry in recent years include Osborne Clarke. In 2010 the firm's retail group acted for the label on its acquisition of a new head office at Kensington Church Street and a flagship store at 50 New Bond Street.
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