Kai Yun Group Asia Pacific President Will Leave Carlo Im

The second largest luxury group in France, Kering, announced that from December 1st this year, Carlo Im will be president of Kai Yun Asia Pacific and report to Jean-Fran OIS Palus, executive director of Kai Yun group.

Gucci Gucci parent Kering SA

The group announced yesterday that Mimi Tang Deng Wanying, President of the Group Asia Pacific region, will be leaving in December 1st, and vice president and Carlo Im, vice president of human resources in the Asia Pacific region will take over the position.

Kering SA Kai Yun group said that Mimi Tang Deng Wanying's departure was due to seeking a new chapter in her life, and she would still retain a board seat for Kering Foundation.

Mimi Tang Deng Wanying joined the Gucci Group Gucci group in 1998 as president of the brand Hongkong and Mainland China, and then was promoted to the president of Gucci Group Asia Pacific in 2001. In 2006, she became the chief executive officer of Gucci Group Asia Pacific region, and was promoted to Kering Asia, President of Asia Pacific open Asia Group in April 2011.

Mimi Tang Deng Wanying has contributed to the expansion of Kering SA Kai Yun group, especially the expansion of Gucci Gucci brand. But Kering SA's Gucci Gucci brand has been performing extremely badly in the Greater China region in the past two years. It is dragged down by the Greater China region. The annual revenue of the Gucci Gucci brand is down by 2.1%, and the first highest income luxury group in Italy has been taken away by Prada SpA Prada in one fell swoop.

In the one or two quarter of fiscal year 2014, the Gucci Gucci brand did not improve. In the first quarter of March 31, 2014, the sales of Gucci Gucci fell 3.2% to 838 million 100 thousand euros, which roughly met the analyst's expectations. It could only increase 0.3% compared with sales, less than 0.5% of analysts' forecasts. In the two quarter, Gucci Gucci's sales dropped by 5.7% to 838 million 200 thousand euros, a drop of as much as 2.4% on the basis.

In the first half of fiscal year, Gucci Gucci's total sales plunged 4.5% to 1 billion 676 million 300 thousand euros, compared with a 1.1% decline on the basis of its performance.

Gucci Gucci brand came from continuing business profits in the first half of this year, a 5.1% decline, down to 527 million 600 thousand euros from 556 million euros a year earlier.

Jean-Marc Duplaix, group chief financial officer, said the increase in the two quarter sales of Gucci Gucci was mainly affected by mainland China, Hongkong, Taiwan, Singapore and Japan. Meanwhile, the slowdown in tourism consumption in Europe, China, Japan and Russia led to Europe's weakness, despite the fact that North America was doing well.

Carlo Im Kering joined Kering SA in 2001 as a global legal adviser to Gucci Gucci. Then it was promoted to Kering SA, general counsel of Asia Pacific Law and vice president of Asia Pacific region, and has extensive experience in the Asia Pacific market. He will report to Jean-Fran SA, general manager of Kering SA open group.