Daniel Lalonde (born 1963) is a

Canadian Canadians (french: Canadiens) are people identified with the country of Canada. This connection may be residential, legal, historical or cultural. For most Canadians, many (or all) of these connections exist and are collectively the source of ...

businesspersonLalonde, Louis Vuitton, and the World of Luxury Brands"
Jim Tobler, ''Montecristo Magazine,'' September 19, 2010 known for heading brands such as

Louis Vuitton Louis Vuitton Malletier, commonly known as Louis Vuitton (, ), is a French high-end Luxury goods, luxury fashion house and company founded in 1854 by Louis Vuitton (designer), Louis Vuitton. The label's LV monogram appears on most of its produc ...

Ralph Lauren Ralph Lauren, ( ; ; born October 14, 1939) is an American fashion designer, philanthropist, and billionaire businessman, best known for the Ralph Lauren Corporation, a global multibillion-dollar enterprise. He has become well known for his co ...

, SMCP Group,

Nespresso Nestlé Nespresso S.A., trading as Nespresso, is an operating unit of the Nestlé Group, based in Lausanne, Switzerland. Nespresso machines brew espresso and coffee from coffee capsules (or ''pods'' in machines for home or professional use), ...

and

Moët & Chandon Moët & Chandon (), also known simply as Moët, is a French fine winery and co-owner of the luxury goods company LVMH Moët Hennessy Louis Vuitton SE. Moët et Chandon is one of the world's largest champagne producers and a prominent champag ...

. After starting his management career with companies such as

Häagen-Dazs Häagen-Dazs ( , ) is an American ice cream brand, established by Reuben and Rose Mattus in The Bronx, New York, in 1960. Starting with only three flavors: vanilla, chocolate, and coffee, the company opened its first retail store in Brooklyn, Ne ...

and Nespresso, he spent ten years at

LVMH LVMH Moët Hennessy Louis Vuitton (), commonly known as LVMH, is a French holding multinational corporation and conglomerate specializing in luxury goods, headquartered in Paris. The company was formed in 1987 through the merger of fashion house ...

as president and CEO of LVMH Watches & Jewelry North America,

in North America, and

globally. After eight years as CEO of SMCP Group, he was named CEO of Design Holding.

Early life and education

Daniel Lalonde was born in 1963"Taste for luxury is a job requirement - There is no secret formula for how Daniel Lalonde rose to become president and CEO of Louis Vuitton North America"
Bernadette Morra, ''

The Toronto Star The ''Toronto Star'' is a Canadian English-language broadsheet daily newspaper. The newspaper is the country's largest daily newspaper by circulation. It is owned by Toronto Star Newspapers Limited, a subsidiary of Torstar Corporation and part ...

'', October 9, 2008 in

Cornwall, Ontario Cornwall is a city in Eastern Ontario, Canada, situated where the provinces of Central Canada, Ontario and Quebec and the state of New York (state), New York converge. It is the seat of the United Counties of Stormont, Dundas and Glengarry, Unit ...

."Daniel Lalonde Works His Marketing Magic for LVMH"
Pranay Gupte, ''

The New York Sun ''The New York Sun'' is an American online newspaper published in Manhattan; from 2002 to 2008 it was a daily newspaper distributed in New York City. It debuted on April 16, 2002, adopting the name, motto, and masthead of the earlier New York ...

'', May 16, 2005 Lalonde's mother worked as a nurse, while his father was a teacher. Fluent in both English and French, Lalonde spent his youth in Cornwall and attended École secondaire catholique La Citadelle with aspirations to become a professional hockey player. He studied mathematics at the

University of Waterloo The University of Waterloo (UWaterloo, UW, or Waterloo) is a public research university with a main campus in Waterloo, Ontario Waterloo is a city in the Canadian province of Ontario. It is one of three cities in the Regional Municipality ...

Waterloo, Ontario Waterloo is a city in the Canadian province of Ontario. It is one of three cities in the Regional Municipality of Waterloo (formerly Waterloo County, Ontario, Waterloo County). Waterloo is situated about west-southwest of Toronto. Due to the c ...

,"Fashion-brand CEO born and raised in Cornwall"
, Alan S. Hale, ''

Cornwall Standard-Freeholder The ''Cornwall Standard-Freeholder'' is a daily newspaper based in Cornwall, Ontario, Canada. It has been in circulation for many years, and continues to be the newspaper with the largest circulation inside the Montreal - Ottawa - Kingston tria ...

'', October 26, 2017 earning a

Bachelor of Mathematics A Bachelor of Mathematics (abbreviated B.Math or BMath) is an undergraduate academic degree awarded for successfully completing a program of study in mathematics or related disciplines, such as applied mathematics, actuarial science, computational ...

and graduating with honors. After working in

Toronto Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the ancho ...

for a consulting firm, he moved to

France France (), officially the French Republic ( ), is a country primarily located in Western Europe. It also comprises of Overseas France, overseas regions and territories in the Americas and the Atlantic Ocean, Atlantic, Pacific Ocean, Pac ...

to study

business administration Business administration, also known as business management, is the administration of a commercial enterprise. It includes all aspects of overseeing and supervising the business operations of an organization. From the point of view of management ...

at the

INSEAD Business School INSEAD, a contraction of "Institut Européen d'Administration des Affaires" () is a non-profit business school that maintains campuses in Europe (Fontainebleau, France), Asia (Singapore), the Middle East (Abu Dhabi, UAE), and North America (San F ...

. He graduated with a

Master of Business Administration A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...

in 1991."Daniel Lalonde, MBA'91J"

INSEAD INSEAD, a contraction of "Institut Européen d'Administration des Affaires" () is a non-profit business school that maintains campuses in Europe ( Fontainebleau, France), Asia (Singapore), the Middle East (Abu Dhabi, UAE), and North America (San ...

Career

Early consulting

Lalonde remained in

Paris Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. S ...

after graduating from INSEAD, initially working at a management consultancy firm and at

Rothschilds The Rothschild family ( , ) is a wealthy Ashkenazi Jewish family originally from Frankfurt that rose to prominence with Mayer Amschel Rothschild (1744–1812), a court factor to the German Landgraves of Hesse-Kassel in the Free City of F ...

. He "made a name for himself" as managing director of

Europe's retail-store division, where he quickly "developed a network of 130 stores in 12 countries, tripling the business." In the mid-1990s, helped launch Nestle's

brand in

North America North America is a continent in the Northern Hemisphere and almost entirely within the Western Hemisphere. It is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and the Car ...

, serving as Nespresso North America's president and CEO."Daniel Lalonde"
''

Bloomberg News Bloomberg News (originally Bloomberg Business News) is an international news agency headquartered in New York City and a division of Bloomberg L.P. Content produced by Bloomberg News is disseminated through Bloomberg Terminals, Bloomberg Televi ...

'' He also spent five years as Nespresso's global

chief operating officer A chief operating officer or chief operations officer, also called a COO, is one of the highest-ranking executive positions in an organization, composing part of the "C-suite". The COO is usually the second-in-command at the firm, especially if t ...

(COO) while based in

Switzerland ). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...

. According to ''

,'' Lalonde is credited with " aisingannual sales from $25 million in five countries to $360 million in 30 countries," with Nespresso reaching "the no. 1 position in global sales for four straight years" during his tenure.

LVMH

In 2002, he was hired by

(Louis Vuitton Moët Hennessy) as president and CEO of LVMH Watches & Jewelry in North America, overseeing brands such as

Christian Dior Christian Ernest Dior (; 21 January 1905 – 24 October 1957) was a French fashion designer, best known as the founder of one of the world's top fashion houses, Christian Dior SE, which is now owned by parent company LVMH. His fashion houses a ...

Chaumet The House of Chaumet (), founded in 1780, is a jeweller based in Paris. Chaumet is a jewellery and watchmaking designer founded in 1780 by Marie-Étienne Nitot. Fourteen artisans ply their trade in the workshop on Place Vendôme under the dire ...

Zenith The zenith (, ) is an imaginary point directly "above" a particular location, on the celestial sphere. "Above" means in the vertical direction (plumb line) opposite to the gravity direction at that location (nadir). The zenith is the "highest" ...

OMAS Omas may refer to: * Omaswati, Indonesian comedian * Places in Peru: ** Omas District ** Omas City {{dab ...

, and De Beers LV. His first major task at LVMH was to improve lagging sales for the

TAG Heuer TAG Heuer S.A. ( ) is a Swiss luxury watchmaker that designs, manufactures and markets watches and fashion accessories, as well as eyewear and mobile phones manufactured under license by other companies and carrying the TAG Heuer brand name. Th ...

watch brand; Lalonde focused on "superaffluent" markets, such as the golf community in North America, and redesigned the company's customer service and retail strategies. He also recruited celebrities, such as

Tiger Woods Eldrick Tont "Tiger" Woods (born December 30, 1975) is an American professional golfer. He is tied for first in PGA Tour wins, ranks second in men's major championships, and holds numerous golf records. * * * Woods is widely regarded as ...

Uma Thurman Uma Karuna Thurman (born April 29, 1970) is an American actress and former model. She has performed in a variety of films, from romantic comedies and dramas to science fiction and action films. Following her appearances on the December 1985 an ...

Maria Sharapova Maria Yuryevna Sharapova ( , ; rus, Мари́я Ю́рьевна Шара́пова, p=mɐˈrʲijə ʂɐˈrapəvə, a=Maria_sharapova.ogg; born 19 April 1987) is a Russian former List of WTA number 1 ranked singles tennis players, world No. 1 ...

, and

Brad Pitt William Bradley Pitt (born December 18, 1963) is an American actor and film producer. He is the recipient of various accolades, including two Academy Awards, a British Academy Film Award, two Golden Globe Awards, and a Primetime Emmy Award. ...

to take part in watch campaigns photographed by

Patrick Demarchelier Patrick Demarchelier (; 21 August 1943 – 31 March 2022) was a French fashion photographer. Early life and education Born near Paris in 1943 to a modest family, Demarchelier spent his childhood in Le Havre, Normandy, with his mother and four ...

, with Woods' recruitment as a brand ambassador reportedly leading to a 30% increase in sales. Under Lalonde, TAG Heuer's sales represented over "50% of the growth in the luxury watch market" in the United States in 2004 and, by 2005, TAG Heuer was rated as the No. 2 luxury watch brand. Lalonde served as president and CEO of

North America"Lalonde Named CEO of SMCP, Trinity Appoints Cohen, Barrato Exits Brioni, Wilts Back to Boss"
Robin Mellery-Pratt, ''

Business of Fashion Imran Amed is a Canadian-British fashion expert and founder and editor-in-chief of ''The Business of Fashion''. He was appointed Member of the Order of the British Empire (MBE) in the 2017 New Year Honors for services to fashion. Background A ...

'', April 11, 2014 from 2006 to 2010, then returned to France to become the global CEO for LVMH brands Moët and

Dom Pérignon Dom Pérignon (; ) is a brand of vintage Champagne. It is named after Dom Pérignon, a Benedictine monk who was an important quality pioneer for Champagne wine but who, contrary to popular myths, did not discover the Champagne method for making ...

. In 2010,"New Man at Moet and Chandon Helm"
Alan Lodge, The Drinks Business, January 9, 2012 he became global CEO and president of

and, in July 2010, was named president and CEO of both Moët & Chandon and Dom Pérignon worldwide.

Ralph Lauren

After ten years at LVMH, Lalonde became president of Ralph Lauren International in January 2012, in what was a newly created position."Ralph Lauren Names Daniel Lalonde As New President"
Marc Karimzadeh, ''

The Beverly Hills Courier ''The Beverly Hills Courier'' is a free weekly tabloid-sized print newspaper of circulation in Beverly Hills and the surrounding communities, and a daily web newspaper. History The publication was founded by March Schwartz in 1965. His staff inc ...

'' He announced his departure from Ralph Lauren in December 2013."Daniel Lalonde Steps Down As President Of Ralph Lauren International"
''Fashion Week Daily'', December 9, 2013

SMCP

In May 2014,"Ralph Lauren international boss Daniel Lalonde departs for Sandro and Maje"
Nick Johnstone, ''

Drapers Draper was originally a term for a retailer or wholesaler of cloth that was mainly for clothing. A draper may additionally operate as a cloth merchant or a haberdasher. History Drapers were an important trade guild during the medieval period, ...

'', 8 April 2014"Daniel Lalonde Tapped for CEO of SMCP"
''

FashionUnited FashionUnited is an international B2B fashion platform created in 1999 by Lennard Minderhoud, current CEO of the company. History The idea of founding FashionUnited came to Lennard Minderhoud in the late 1990s after he realized that “there w ...

'', 08 April 2014 he became the president and chief executive officer of SMCP Group (

Sandro Sandro is an Italian, Portuguese, Spanish, Swiss, Georgian and Croatian given name, often a diminutive of Alessandro (disambiguation), Alessandro or Alexander. It is also a surname. Sandro may refer to: Given name or nickname Sports *Sandro (f ...

- Maje - Claudie Pierlot), an internationally expanding French luxury fashion company "SMCP's Daniel Lalonde: Expect More Private Equity Transactions in 2017"
''

'', January 4, 2017"Sandro and Maje Parent Taps Daniel Lalonde as CEO"
Miles Socha, ''

Women's Wear Daily ''Women's Wear Daily'' (also known as ''WWD'') is a fashion-industry trade journal often referred to as the "Bible of fashion".Horyn, Cathy"Breaking Fashion News With a Provocative Edge" ''The New York Times''. (August 20, 1999). It provides infor ...

'', April 8, 2014"A new boss at the head of Sandro and Maje - Daniel Lalonde, a Canadian from Ralph Lauren and LVMH, takes the chair."
'' Les Échos'', April 29, 2014 in which he also became an investor. During his first year of leading SMCP, Lalonde travelled extensively in

Asia Asia (, ) is one of the world's most notable geographical regions, which is either considered a continent in its own right or a subcontinent of Eurasia, which shares the continental landmass of Afro-Eurasia with Africa. Asia covers an area ...

, the

Middle East The Middle East ( ar, الشرق الأوسط, ISO 233: ) is a geopolitical region commonly encompassing Arabian Peninsula, Arabia (including the Arabian Peninsula and Bahrain), Anatolia, Asia Minor (Asian part of Turkey except Hatay Pro ...

, the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territorie ...

, and

Europe Europe is a large peninsula conventionally considered a continent in its own right because of its great physical size and the weight of its history and traditions. Europe is also considered a Continent#Subcontinents, subcontinent of Eurasia ...

,"Daniel Lalonde (SMCP): Everywhere, I have noticed the desirability of our brands"
Anaïs Lerévérend, ''Fashion Network'', April 2, 2015 with the company posting a 19.2 percent rise in sales for the first half of 2016. Under Lalonde, SMCP became a publicly traded company on the

Paris Stock Exchange Euronext Paris is France's securities market, formerly known as the Paris Bourse, which merged with the Amsterdam, Lisbon, and Brussels exchanges in September 2000 to form Euronext NV. As of 2022, the 795 companies listed had a combined market ...

in October 2017 with a valuation of US$2.5 billion at its

IPO An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

. In June 2019, after having reported revenues of 1 billion euros for 2018; Lalonde announced that SMCP will acquire French menswear "Accessible Luxury" label De Fursac, with international expansion planned for the brand."French fashion group SMCP buys men's luxury brand De Fursac"

Reuters Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was estab ...

; June 25, 2019. He departed SMCP and was appointed CEO of Design Holding, a group of high-end design companies, including

B&B Italia B&B Italia SpA is an Italian modern furniture company whose products are sold worldwide. The company was founded in 1966 by the Busnelli family, who manages the company. On March 1, 2011, the Busnelli family became majority shareholders of the co ...

, Flos,

Louis Poulsen Louis Poulsen is a Danish lighting manufacturer that was founded in 1874. Louis Poulsen Lighting is represented by subsidiaries, distribution offices and agents around the world. Their key sales regions are Scandinavia, Europe, Japan and United St ...

, and Arclinea in August 2021.

Affiliations

Lalonde serves on the board of INSEAD, his alma mater, and has lectured at institutions such as

Harvard Business School Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...

and

Columbia University Columbia University (also known as Columbia, and officially as Columbia University in the City of New York) is a private research university in New York City. Established in 1754 as King's College on the grounds of Trinity Church in Manhatt ...

Personal life

Currently based in Paris with his wife Yvonne and their three children, since the late 1990s Lalonde has traveled between New York, Paris, and Toronto. He has interests in vintage wine and

oenology Oenology (also enology; ) is the science and study of wine and winemaking. Oenology is distinct from viticulture, which is the science of the growing, cultivation, and harvesting of grapes. The English word oenology derives from the Greek word ' ...

with private cellars in Paris, France.Lalonde - Champagne wasn’t always a bubbly"
Anindita Ghose, '' Livemint Magazine'', December 2, 2011

References

External links

{{DEFAULTSORT:Lalonde, Daniel Canadian chief executives University of Waterloo alumni INSEAD alumni Living people 1963 births People from Cornwall, Ontario Franco-Ontarian people