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EXCLUSIVE: Jean-André Rougeot Named CEO of Sephora Americas

Jean-André Rougeot has been named chief executive officer of Sephora Americas, nabbing one of beauty’s most high-profile positions.
Rougeot, the ceo of Benefit Cosmetics for 12 years, will take the helm Feb. 4 and report to Sephora’s global president and ceo Christopher de Lapuente. He succeeds Calvin McDonald, who left Sephora in July to become chief of Lululemon Athletica. Sephora and Benefit are owned by LVMH Moët Hennessy Louis Vuitton.
Rougeot’s appointment comes at a time when Sephora is looking to solidify its position as the top beauty specialty retailer in the U.S. amid an increasingly competitive landscape. The NPD Group reports that sales in the prestige market overall were up 8 percent for the period between December 2017 and November 2018, but color cosmetics, a key category for Sephora, showed signs of softening throughout the year, with growth slowing to single digits. Meanwhile, competitors like Ulta Beauty are surging, and emerging concepts, like Beautycon, are expanding.
Rougeot is no stranger to exponential growth. During his tenure, Benefit’s sales are said to have exploded past the $1.5 billion mark, and the brand has expanded globally (in close alliance with Sephora), with more than half of its sales coming from outside the U.S. Under

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Via:: https://wwd.com/beauty-industry-news/beauty-features/sephora-ceo-jean-andre-rougeot-1202950723-1202950723/