François Pinault’s close advisor and top lieutenant is stepping down from her executive role in favor of Pinault’s son, François-Henri:

Patricia Barbizet, 62, will focus on developing her own business while continuing to serve as a board member of Artemis and board vice president at Gucci owner Kering, Paris-based Artemis said in a statement Wednesday. Kering CEO Francois-Henri Pinault will take over Barbizet’s executive role in January, a spokesperson for the company said.

Pinault Investment Chief Departs as Luxury Sees Generation Shift (Bloomberg)