Corvm appoints Pinault to board

Pinault will take up seats on both Corvm's supervisory and general boards. As part of his senior advisory role, he will help develop the firm's deal sourcing and execution strategy within the global fashion and retail market.

The segment is one of the 10 core investment areas for the mid-market house, which targets the industrial, media, telecoms, aerospace and transportation sectors, among others.

Pinault moves into private equity after decades as an executive within the fashion industry. Prior to Corvm, he was CEO at Maje, part of the French fashion group SMCP.

Previous roles include non-executive director of Punto Roma, as well as worldwide managing director for Armani Collezioni and Hugo Boss, where he was employed for 12 years as executive and committee member.

Following his hire by Corvm, he will retain advisory roles at Bimba y Lola, Iro, Pinko, American Vintage and Essentiel Antwerp, among other fashion brands.

Corvm was launched in late 2014 by former HIG senior associate Arthur Dessenante, who at the time told unquote" that the new firm would operate via a deal-by-deal approach to overcome mid-market fundraising challenges.

In November 2014, shortly after launch, the buyout house started to bolster its ranks by appointing Valois America CEO Gerard Perrot to its advisory board. This was followed by the recruitment of Philippe Jous to advise on Benelux investments last April.

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