Apple Share Price: Former Yves Saint Laurent Boss Joins iPhone Maker

iNVEZZ.com, Wednesday, July 3: Apple Inc (NASDAQ:AAPL) has hired Paul Deneve, the former Chief Executive Officer of French luxury group Yves Saint Laurent, to work on ‘special projects’.

“We’re thrilled to welcome Paul Deneve to Apple,” said Kristin Huguet, a spokeswoman for the iPhone maker, as quoted by Reuters. “He’ll be working on special projects as a vice president reporting directly to Tim Cook.”
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!m[Paul Deneve to Work on ‘Special Projects’](/uploads/story/3641/thumbs/picq_inline.jpg)

Deneve worked for Apple in Europe between 1990 and 1997. For now the projects, which the former fashion executive will be working on, remain unknown, but according to Bloomberg Deneve won’t be heading Apple’s online retail operations, a position that has remained vacant since the departure of John Browett last year. The newswire noted that due to his background in high fashion, Deneve had

experience selling products at a premium price.
Deneve isn’t the only fashion executive within Apple’s ranks. Mickey Drexler, the chairman and CEO of J Crew Group Inc., sits on Apple’s board, while Cook is a director at Nike Inc.
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**The Apple share price was $420.54 as of 14.35 GMT, 03.07.2013**