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On this episode of Talking Shop I’m joined by Alain Bejjani—former Group CEO of Middle East retail giant Majid Al Futtaim, and author of the definitive new book, NEXT: Leading Through the New Realities. Drawing on his childhood in war-torn Beirut, and his experience steering a $9.5bn dollar retail and lifestyle empire through a global pandemic, Alain brings an unmatched perspective on leadership under pressure. Today, we break down his crisis survival playbook for retailers operating in distress. We discuss why resilience must always outpace efficiency, the four assets a brand must protect at all costs, and how to turn macro-turmoil into a long-term direction that scales.

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Yoox Net-A-Porter group has announced the appointment of Geoffroy Lefebvre as CEO, a position which will take effect from 4 January 2021.

Federico Marchetti will reportedly remain chairman of the group to “ensure a successful transition”, whilst Lefebvre operates as the group digital distribution director at Richemont.

Johann Rupert, chairman of Richemont, said: “Richemont’s digital journey, since our first investment in Net-A-Porter in 2002, to my encounter with a visionary entrepreneur, Federico Marchetti, that led in 2015 to the creation of the Yoox Net-A-Porter group, then its acquisition in 2018, has been fascinating in many ways.

“I wish Federico all the best for his future career. And I am happy to introduce Geoffroy, who has been driving the expansion of Richemont’s e-Commerce for the past two years after several other executive positions within the group.”

Marchetti said: “As part of the succession plan communicated at the beginning of 2020, I am delighted to be handing the baton to Geoffroy Lefebvre as the CEO of Yoox Net-A-Porter group. We have worked together over recent times and he fully masters our business model.

“The group has solid foundations, which will propel it towards long-term growth. I will continue to innovate combining human touch with digital disruption, while retaining the focus on people, customers and our communities.”

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