Stephanie Phair Joins L Catterton as Senior Adviser: A New Chapter in Fashion and Investment
LONDON – In a significant move for both the fashion and investment sectors, Stephanie Phair has been appointed as a senior adviser at L Catterton, the private equity firm backed by luxury conglomerate LVMH Moët Hennessy Louis Vuitton. Phair, who previously served as the chair of the British Fashion Council (BFC) from 2018 to 2022, brings a wealth of experience and expertise that could reshape the landscape of consumer-focused investments.
A Strategic Role in Consumer Investment
In her new position, Phair will leverage her extensive knowledge across various consumer categories to support L Catterton’s portfolio companies on a global scale. The firm, known for its strategic investments in luxury and consumer brands, is poised to benefit from Phair’s insights into the evolving dynamics of the fashion industry. As reported by L Catterton, her role will focus on enhancing operational strategies and driving growth within the firm’s diverse portfolio.
A Fashion Industry Veteran
Phair’s career trajectory is a testament to her deep-rooted connection to the fashion world. Most recently, she held the position of group president at Farfetch and served as the executive chair of New Guards Group until May 2024. Her journey in e-commerce began in 2005 with Portero, a pre-owned luxury marketplace, marking her as a pioneer in the online luxury retail space.
In 2009, she launched The Outnet, a discount outlet for designer fashion, and played a crucial role on the executive board of Net-a-Porter Group from 2009 to 2015. These experiences have equipped her with a unique perspective on consumer behavior and market trends, making her an invaluable asset to L Catterton.
Navigating Challenges in Fashion
Phair’s tenure as chair of the BFC was marked by significant challenges, including the impacts of Brexit and the COVID-19 pandemic. Working closely with former BFC CEO Caroline Rush, she helped the British fashion sector navigate these turbulent times. Her leadership during this period not only showcased her resilience but also highlighted her commitment to the industry’s sustainability and growth.
In recognition of her contributions, Phair was honored with the Officer of the Order of the British Empire (OBE) in the Queen’s Birthday Honours List in 2022, underscoring her influence in both fashion and technology.
A Multifaceted Career
Phair’s career is characterized by a blend of roles in communications, marketing, and business development. Early in her career, she worked at American Vogue, where she contributed to initiatives like the CFDA/Vogue Fashion Fund and the prestigious Metropolitan Costume Institute Gala. These experiences have not only enriched her understanding of the fashion ecosystem but have also established her as a key figure in bridging the gap between fashion and technology.
In addition to her new role at L Catterton, Phair has been an adviser for venture capital firm Felix Capital since 2016 and served on the board of Moncler from 2016 to 2022. This diverse portfolio of roles reflects her adaptability and foresight in an industry that is constantly evolving.
Expanding Influence in Consultancy
Earlier this year, Phair took on the role of executive chairman at Dynamics Invisible, a brand consultancy firm founded by Oli Walsh. The firm has attracted high-profile clients, including Phoebe Philo, Theory, Gap, Beyond Yoga, and Nike. This consultancy role further emphasizes her influence in shaping brand strategies and navigating the complexities of consumer engagement in the modern marketplace.
The Future of Fashion and Investment
Phair’s appointment at L Catterton comes at a time when the fashion industry is increasingly intersecting with technology and investment. As consumer preferences shift towards sustainability and ethical practices, firms like L Catterton are looking for leaders who can guide them through these changes. Phair’s extensive background in both fashion and technology positions her uniquely to address these challenges.
Conclusion
Stephanie Phair’s new role as a senior adviser at L Catterton marks a pivotal moment in her career and the broader fashion industry. With her extensive experience and strategic insights, she is well-equipped to influence the future of consumer investments in fashion. As the industry continues to evolve, Phair’s contributions will likely play a crucial role in shaping the next chapter for both L Catterton and the brands within its portfolio. Her journey serves as an inspiring example of how leadership in fashion can extend beyond traditional boundaries, merging creativity with strategic investment to foster growth and innovation.
