Matthew Ives will be new Dunhill CEO

Heritage British menswear brand Dunhill will have a new chief executive in the middle of next month with Matthew Ives to be installed as the Richemont-owned company’s CEO.

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He replaces Andrew Holmes, Dunhill COO and CFO, who’s been interim CEO since the beginning of last year. Previous Dunhill chief Laurent Malecaze has been moved to the same post at its Chloé brand.

Ives’ arrival isn’t quite an internal Richemont appointment as he’s been SVP chief commercial officer of De Beers London since 2022. 

But before that he was Richemont through and through, with an 11-year stint that saw him holding posts including retail director of Cartier, retail director Northern and Southern Europe of Van Cleef & Arpels, chief of staff in the CEO’s office and London-based senior associate (when he joined in June 2011).

Prior to this he’d been a business analyst at McKinsey & Company.

So we’re talking about a hugely experienced luxury executive who knows Richemont’s workings inside out. 

It’s been reported that his immediate boss for his return to the fold will be Philippe Fortunato, who’s CEO of the group’s fashion and accessories businesses.

Dunhill has faced some challenges in recent years but the appointment of Simon Holloway as creative director and other tweaks to the business seem to have boosted its operations and its recent collections have been widely praised.

It has been steadily opening stores in key luxury locations too and a Bond Street, London, flagship is coming next year.