South Korean fashion retail giant Shinsegae International has appointed Gucci’s former chief financial officer William Kim as its new CEO.
Kim will succeed CEO at Shinsegae International Lee Gil Han, who will serve as Chief Innovation Strategy officer in the Shinsegae Department Store division.
In his new role, Kim will oversee the introductions of new international brands, business development through mergers and acquisitions, and e-commerce business. He also concurrently works as Chief Digital Intelligence Officer of the Shinsegae Department Store division, managing the digital and online business growth in the department store sector.
The appointment of the new CEO is explained as part of Shinsegae International’s strategy to strengthen its fashion and cosmetics business.
Besides Gucci, Kim also served at British fashion house Burberry as senior VP of digital commerce for seven years before joining AllSaints as CEO in 2012, turning a brand on the verge of insolvency into a global brand with 230 stores worldwide. Last year, the Korean American expert was appointed as CEO of the British global cycling apparel brand Rapha.
Last month, Shinsegae International expanded its beauty brands portfolio, securing the distribution right of Laura Mercier and haircare brand Davines in South Korea.
