‘Fashion consultant’ earns $15m as CEO of fashion firm

Fashion designer Michelle Rennie has been paid more than $15 million to head a fashion consultancy company.

Michelle RENNIE has been named CEO of L’Oréal International, a division of LVMH.

She will succeed Lisa Breen as head of the global cosmetic and hair supply company.

RENNIES, 58, who was appointed as the global chief executive of LEMON in 2012, will become the world’s sixth richest woman, according to Forbes.

Rennies appointment comes after a tumultuous year in which the company was forced to shed a string of senior managers and the chief executive was sacked.

RENNEYS $15M CASHMERE Michelle RENNIES, the former chief executive officer of cosmetics company LVMHA, will take over the global cosmetics and hair brand LEMOIR, after her predecessor Lisa BREEK was sacked by the company in August.

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This story was originally published on July 22, 2018.

It was updated on August 13, 2018 to include new details.

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