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June 21, 2020

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Emma Watson joins board of fashion giant

EMMA Watson, the actress and activist who made her name as Hermione Granger in the “Harry Potter” films, joined the board of the French fashion giant Kering on Tuesday, in a major coup for the world’s second biggest luxury group.

The British star, who was born in Paris, is the face of the Good On You app, which rates fashion brands on their ethical and sustainability credentials. Although Kering is seen to have the environmental edge on its rival LVMH, its top labels Gucci, Saint Laurent and Balenciaga are only rated “Not good enough” or “It’s a start” by Good On You. Saint Laurent has also run into trouble with feminists and the regulators over a 2017 “porno chic” advertising campaign that was condemned as degrading to women.

“Emma Watson is a pioneer in advocating for sustainable fashion,” Kering said.

She was nominated onto the board alongside the Ivory Coast-born former CEO of Credit Suisse Group Tidjane Thiam and Jean Liu, the president of “the Chinese Uber” Didi Chuxing, by shareholders at Kering’s AGM.

Since the end of the “Harry Potter” franchise in 2010, Watson, has combined acting in hit films such as “Little Women” with going back to university, championing reading groups and heading up the UN’s HeForShe gender equality campaign. She also coined the phrase “self-partnered” to describe her contentment as being single. Having lost Stella McCartney to LVMH earlier this year, recruiting Watson is a coup for Kering which is keen to win over millennials.

Thiam, 57, resigned from his position at Credit Suisse in February following a scandal involving internal espionage of former executives of the bank.

“Throughout his career, Mr Thiam has led organizations in the private and public sectors, and has developed projects and programs that stimulate businesses and economies,” Kering said.

The appointment of Liu, 42, president of the mobile transport platform Didi Chuxing, means that China is represented on the board for the first time, said Sophie L’Helias, lead independent director. Kering chairman and CEO Francois-Henri Pinault, who is married to Hollywood star and activist Salma Hayek, welcomed the appointments.

“Their respective knowledge and competence, and the multiplicity of their backgrounds and perspectives will be invaluable additions,” he said. “The collective intelligence that comes from diverse points of view and the richness of different experiences are crucial to the future of our organization.”


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