Stuart Vevers

In addition to leather goods like the Roxanne and the Bayswater handbags, which have become covetable fashion classics, they also produce menswear womenswear, and footwear for women.

"Stuart fits the profile perfectly of what we wanted", Pierre-Yves Roussel, chief executive officer of the fashion division at LVMH – which owns Loewe – told WWD.

"He has built a strong team, bringing a wealth of talent to the brand and the search is now on to find a suitable successor to take Mulberry to the next level."

That successor would be Emma Hill, who has worked on accessories for many of the world's top brands, including Gap, Chloé and Marc Jacobs.

[1] Vevers succeeds Reed Krakoff at the leather goods label, who stepped down (following a 16-year tenure) to focus on his eponymous fashion line.