Stephanie Phair Takes Up President Role at A.P.C.

Group 1 - Stephanie Phair has been appointed as president of A.P.C., succeeding Pierre-Arnaud Grenade, who left the company in November [1][2] - Phair is also a senior adviser at L Catterton and will leverage her expertise across consumer categories to support the firm's portfolio globally [2] - A.P.C. was significantly impacted by the COVID-19 pandemic, prompting founder Jean Touitou to seek a partner with strong financial backing [3] Group 2 - L Catterton acquired control of A.P.C. in March 2023, with the aim of enhancing the brand's connections to art and music [3] - At the time of acquisition, A.P.C. reported revenues of just over 100 million euros, with potential for growth to five times that figure according to L Catterton [4] - L Catterton holds a 72.98 percent stake in A.P.C. and previously recruited Grenade to implement a growth model similar to his success at Ba&sh [4][5] Group 3 - Under Grenade's leadership, A.P.C. faced financial difficulties, leading to his withdrawal from daily operations in early October [5] - Phair's previous experience includes roles in communications and marketing, notably at American Vogue, where she contributed to significant fashion initiatives [6]