Didier Maus, retiring after 28 years with the family-owned company, has arranged with the board of directors of Maus Frères to yield the post of chief executive to Thierry Guibert on Jan. 18, 2021. Maus will retain his non-executive duties as chairman, while Guibert will retain his current duties as CEO for the group’s international branch, in charge of the brands Lacoste, Gant, Aigle and Tecnifibre. They were all acquired by the group in the last 22 years. Another French apparel brand, The Kooples, joined the portfolio in 2019. This branch of the Swiss-based group posted annual sales of 3.4 billion Swiss francs (€3.2bn-$3.7bn) at the end of 2019 and now accounts for a majority of the group’s revenues, having grown by about 40 percent over the past five years. Guibert, a former partner of KPMG, joined the group in 2015 as CEO of Lacoste, while overseeing the other brands, after holding leading positions at the Kering luxury group and at two French retail companies, Fnac and Conforama. Maus Frères is privately owned group founded more than a century ago and headquartered in Switzerland, where it operates mainly two leading retail chains, Manor and Jumbo. It also has a joint venture with Decathlon for the Swiss market.