Megan Grant Named President of L’Oréal USA’s Luxe Division
L’Oréal USA continues to shake up its Luxe division. In the latest move, Megan Grant has been named president, replacing Xavier Vey, who has held the role since 2016. Vey has been named general manager of the Western Europe zone for the Luxe division. The move comes about two months after L’Oréal reorganized its prestige fragrance business, breaking out YSL Beauté, Giorgio Armani Beauty, Ralph Lauren Fragrances and Designer Fragrances into their own business units within the Luxe division. Grant joined the company in 2002, as a marketing manager for L’Oréal Paris. Since then, she has risen through the ranks, and most recently was U.S. brand president of Kiehl’s. Under her watch, the brand was the fastest-growing of the top 10 prestige skin-care brands in the U.S. market in 2018, according to data from The NPD Group. Ginny Wright, global deputy general manager of Ralph Lauren Fragrances, will succeed Grant at Kiehl’s. The moves are effective July 1. Vey, a L’Oréal veteran, came to the U.S. in 2013 as head of Lancôme, where he is credited with advancing the brand to more than $1 billion in sales. He assumed responsibility for the Luxe division in 2016. In a 2016 interview, Vey said his ambitions were to make L’Oréal
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