Anne Sutherland Fuchs Named Global Chief Executive of Phillips, de Pury & Luxembourg.Business Editors NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of & LONDON--(BUSINESS WIRE)--May 31, 2001 Phillips, de Pury & Luxembourg, the international auction house, today announced the appointment of Anne Sutherland Fuchs as Global Chief Executive Officer and Chairman of the Management Board. In this position, she will oversee and manage Phillips' global business and financial operations, working closely with Simon de Pury, Chairman of the Board of Directors, and Daniella Luxembourg, President. Phillips is controlled by LVMH LVMH Moët Hennessy-Louis Vuitton (upscale retailer) Moet Hennessy Louis Vuitton The Louis Vuitton Company (more commonly known simply as Louis Vuitton) is a luxury French fashion and leather goods brand and company, headquartered in Paris, France. It is a division of the French holding company, LVMH Louis Vuitton Moët Hennessy S.A. , the world's leading luxury products group. Ms. Fuchs joins Phillips with extensive experience from the magazine industry, particularly in the luxury market place, and building successful businesses while balancing teams of creative people. With Hearst since 1994, she currently serves as Senior Vice President/Group Publishing Director of Hearst Magazines, responsible for the management of the "Women's Group," which is comprised of O, the Oprah Magazine, Town & Country, Harper's Bazaar Harper’s Bazaar leading fashion magazine. [Am. Culture: Misc.] See : Fashion , Marie Claire Marie Claire is a monthly woman’s magazine conceived in France but also distributed in other countries with editions specific to them and in their languages. While each country shares its own special voice with its audience, the United States edition focuses on women , Redbook and Victoria. In 2000, four of her titles enjoyed record performances. A fifth, the launch of O, The Oprah Magazine, has been deemed by industry experts the most successful in the history of magazine publishing. Myron Ullman, Group Managing Director of LVMH, said: "We are delighted to have attracted an executive of Anne's caliber to lead Phillips in its next phase of growth. Throughout her long and highly successful career, Anne has demonstrated a remarkable ability to nurture and grow new, creative businesses. She understands the value of brand development, as well as the importance of supporting talented teams within an organization. We are very pleased to bring someone with her vision and business expertise to Phillips, and look forward to her leading its continued progress as it solidifies its position among the top auction houses in the art market." Simon de Pury said, "Anne's appointment is wonderful news for Phillips. She brings important business savvy and expertise that will be critical to the Company's continued development. We are extremely pleased to have her on board as the CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. we have been planning for since our merger with Phillips and look forward to working closely together to achieve Phillips' new strategies." Ms. Fuchs said, "There are very few opportunities that could ever entice me to leave such a rewarding career in the magazine publishing industry. Even more, to part with Hearst Magazines is especially difficult. Working with Cathie Black and others has been a wonderful experience, and one I will always treasure. This unique opportunity, in which I can apply my expertise to Phillips' new business model, is an extraordinary one. LVMH has a strong history for nurturing creatively driven brands. Likewise, Bernard Arnault Bernard Arnault (born 5 March 1949) is a French businessman. He is the 7th richest person in the world and France's richest person with an estimated net worth of $26 billion US dollars, according to a Forbes report in March 2007. and LVMH's dedication to quality is illustrated by the recent merger of Phillips with de Pury & Luxembourg. The combination of working with talented individuals like Simon de Pury and Daniella Luxembourg, the heritage of Phillips, and the backing of LVMH, is impossible to resist. I look forward to working with Simon, Daniella, John Block, Christopher Thomson, Thierry Millerand and other members of the Phillips teams in New York, the UK and Europe." Ms. Fuchs will be based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. at Phillips' new headquarters at 3 West 57th West 57th can refer to:
Since its acquisition by LVMH Moet Hennessy Louis Vuitton in 1999 and its subsequent merger with de Pury & Luxembourg, Phillips has focused on becoming a world leader in the high-end art auction market, with specific emphasis on several key areas: Impressionist and Modern art, Contemporary art, jewelry, European furniture, 20th-century decorative arts decorative arts, term referring to a variety of applied visual arts, both two- and three-dimensional, including textiles, metalwork, ceramics, books, and woodwork, as well as to certain aspects of architecture (see ornament), public buildings, and private houses (see , American art, and photography. Additional Information on Anne Sutherland Fuchs Before joining Hearst in 1994, Ms. Fuchs was associated with Conde Nast where she was the publisher of Vogue Magazine (and the first woman to serve that role in the magazine's 100-year history), followed by her appointment as Senior Vice President-Director International. Earlier experiences include serving as publisher of Elle Magazine and Woman's Day where she was also the first female publisher in the U.S. of a major national magazine. In addition she served as publisher at several other magazines. Ms. Fuchs is a graduate of New York University New York University, mainly in New York City; coeducational; chartered 1831, opened 1832 as the Univ. of the City of New York, renamed 1896. It comprises 13 schools and colleges, maintaining 4 main centers (including the Medical Center) in the city, as well as the with a B.A. in French Literature and a Peabody Scholar at Western College for Women. She also studied at the Sorbonne, the Institute of European Studies in Paris, the University of Mexico City and the Institute of North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Studies, Mexico City. In addition to two honorary Doctorate Degrees, Ms. Fuchs also received the College of Arts and Science Alumni Achievement Award from New York University and the "President's Award" from the Graduate School and University Center of New York. Ms. Fuchs serves on several Boards and was elected to the Board of Trustees board of trustees Politics The posse of thugs who oversee an institution's administration. See Board of directors. of the Whitney Museum in 1999, and has chaired their annual fund raising events in 1997, 1999 and 2000. About Phillips, de Pury & Luxembourg Phillips Auctioneers, founded in 1796 by Harry Phillips, was selling some of the most important collections in Europe in the beginning of the 19th century, including Queen Marie-Antoinette's. Owned since 1999 by LVMH Moet Hennessy Louis Vuitton, Phillips merged with de Pury & Luxembourg Art in 2001. Phillips de Pury & Luxembourg has major headquarters in both London and New York. The auction house also maintains salerooms throughout the United Kingdom and in the United States, Switzerland and Australia, and has offices and representatives in over 15 countries around the world. About LVMH LVMH Moet Hennessy Louis Vuitton is the world's leading luxury products group. LVMH is present in the Perfumes and Cosmetics sector with Parfums Christian Dior Parfums Christian Dior is the make-up and perfumery line of Christian Dior SA, based on the company created by twentieth-century fashion designer Christian Dior. It was created in 1947 with the launch of Miss Dior perfume. , Guerlain, Givenchy and Kenzo, and has recently acquired six promising cosmetic companies, Bliss, Hard Candy, BeneFit Cosmetics, Urban Decay, Make Up For Ever and Fresh. The Group is represented in Wines and Spirits by a portfolio of brands that includes Moet & Chandon, Dom Perignon, Veuve Clicquot Ponsardin, Krug, Pommery, Chateau d'Yquem, Chandon, Hennessy and Hine. Its Fashion and Leather Goods division includes Louis Vuitton, the world's leading luxury brand, as well as Celine, Loewe, Kenzo, Givenchy, Christian Lacroix, Thomas Pink, Fendi and Pucci. LVMH is active in selective retailing through DFS (Distributed File System) An enhancement to Windows NT/2000 and 95/98 that allows files scattered across multiple servers to be treated as a single group. With Dfs, a network administrator can build a hierarchical file system that spans the organization's LANs and , Miami Cruiseline, Sephora, Le Bon Marche and La Samaritaine. LVMH's Watch and Jewelry division comprises TAG Heuer, Ebel, Chaumet, Zenith, Fred, as well as Omas, the prestigious Italian writing instruments company. Phillips, one of the world's largest auction houses, which has recently teamed up with L'Etude Tajan and Geneva Geneva, canton and city, Switzerland Geneva (jənē`və), Fr. Genève, canton (1990 pop. 373,019), 109 sq mi (282 sq km), SW Switzerland, surrounding the southwest tip of the Lake of Geneva. art dealer de Pury & Luxembourg Art, belongs to the LVMH group. Connaissance des Arts and Art & Auction Magazine, two specialized publications, also recently joined the Group. In 2000 LVMH also launched eLUXURY, the authoritative online source for luxury goods on the Internet. LVMH shares (LVMH.PA) are listed on the Paris Stock Exchange and NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on in the United States (LVMHY). www.lvmh.com |
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