Switzerland-based luxury group Richemont has announced Louis Ferla as the new chief executive of one of its brands, Cartier. He will join on September 1, moving from another part of the group, watch brand Vacheron Constantin.

Mr Ferla will take over the reins at Cartier from Cyrille Vigneron, who is to retire. Mr Vigneron will remain connected to the brand, taking up the role of chairman at Cartier’s culture and philanthropy arm.

He will also work with Mr Ferla to make change of chief executive as smooth as possible.

Louis Ferla has worked as part of the Richemont group since 2001 and has previously held senior roles at Cartier, including a period as the brand’s chief executive in China.

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