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New CEO Gets Set To Grow L’Artisan Parfumeur

Cradle Holdings has hired the former president of Peter Thomas Roth.

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By: Jamie Matusow

Editor-in-Chief

Cradle Holdings, Ltd. has announced the appointment of Lance Patterson as its Chief Executive Officer and to its Board of Directors.

Patterson has over 22 years of retail expertise building luxury brands, including most recently as co-President of Peter Thomas Roth Clinical Skincare. Prior, he served as a senior executive at Bare Escentuals and several LVMH cosmetic divisions, including Benefit Cosmetics, Acqua Di Parma, and Bliss.

Cradle Holdings is an affiliate of Fox Paine & Company, LLC, which is based in Woodside, California. It includes the luxury fragrance companies Penhaligon’s, which is based in London, U.K. and L’Artisan Parfumeur, which is based in Paris and Grasse, France.

Saul Fox, founding member of Fox Paine, stated:

“Given Lance Patterson’s track record building highly profitable and rapidly growing global luxury brands, he is ideally suited to oversee Penhaligon’s and L’Artisan Parfumeur’s efforts going forward.”

Patterson added:

“Lance Patterson added: “The growth and enhanced profitability opportunities at Penhaligon’s and L’Artisan Parfumeur are compelling. With the support of Fox Paine, I am confident that Penhaligon’s and L’Artisan Parfumeur will be propelled to new heights.”

Patterson succeeds Sarah Rotheram, who resigned her positions with Cradle Holdings and affiliates to become Chief Executive of Aspinals of London, a manufacturer of luxury leather goods.

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