Word: chiquet
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Chanel's Major Merchant Maureen Chiquet...
Claim to fame: On Oct. 1, Chiquet, 41, takes over as president and chief operating officer of Chanel Inc. from Arie Kopelman, who is retiring after 18 years...
Defining moment: After a stint peddling L'Oreal hair color to supermarkets in France, Chiquet spent 15 years at Gap Inc. She helped develop the Old Navy division before being named president of Banana Republic. But she has had zero experience in luxury goods...
Luxury quotient: Chanel's core businesses in the U.S. look strong, but hot brands cool. Chiquet's merchandising savvy should help keep the 94-year-old brand evergreen...