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Cartier Names New CEO, Current Chief Retiring

Louis Ferla will be the next boss for Cartier following Cyrille Vigneron’s retirement.

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Cartier Names New CEO, Current Chief Retiring
PHOTO: JOAQUIN CORBALAN

Richemont (Bellevue, Switzerland) announced on Tuesday that Louis Ferla will be the new CEO of its subsidiary brand, luxury jewelry retailer Cartier (Paris). Ferla will officially take over the position on September 1 from current CEO Cyrille Vigneron, who is retiring after eight years leading the luxury brand.

Ferla is coming to Cartier from his role as CEO of Swiss watchmaker Vacheron Constantin. Ferla previously spent a decade of his career with Cartier, including leading its China arm, before moving to Vacheron Constantin, where he served as CEO since 2017.

“I have always admired Louis’s strategic vision and inspiriting management style, which have served him well in turning Vacheron Constantin into one of the world’s leading luxury watchmakers” Richemont’s CEO Nicolas Bos said in the company statement.

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You Wouldn’t Cut Your Own Hair. Why Run Your Own Retirement Sale?

After being in business for over a quarter of a century, Wayne Reid, owner of Wayne Jewelers in Wayne, Pennsylvania, decided it was time for a little “me time.” He says, “I’ve reached a point in my life where it’s time to slow down, enjoy a lot of things outside of the jewelry industry. It just seemed to be the right time.” He chose Wilkerson to handle his retirement sale because of their reputation and results. With financial goals exceeded, Reid says he made the right choice selecting Wilkerson to handle the sale. “They made every effort to push our jewelry to the forefront of the showcases,” he says, lauding Wilkerson for their finesse and expertise. Would he recommend them to other jewelers who want to make room for new merchandise, expand their business or like him, decide to call it a day? Absolutely he says, equating trying to do this kind of sale with cutting your own hair. “The results are going to happen but not as well as if you have a professional like Wilkerson do the job for you.”

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