ARTHUR D. LITTLE APPOINTS DAVID BENICHOU TO DRIVE TRANSFORMATION IN FRENCH RETAIL & LUXURY SECTORS

Arthur D. Little (ADL) today announced the appointment of David Benichou as a Partner in its French Performance practice. Based in ADL's Paris office, David will focus on helping clients in the Luxury and Consumer Goods & Retail sectors, bringing his in-depth knowledge, 29 years of experience, and extensive network to strengthen the firm's existing capabilities. He will particularly focus on projects to transform supply chain efficiency, optimize procurement, reduce costs, and restructure organizations.

Beginning his career at AT Kearney, where he rose to Principal, David has also held Managing Director positions at consultancy AlixPartners and at the Boston Consulting Group, where he was a Partner. He joins from Alvarez & Marsal, where he was Senior Managing Director and Head of Retail, creating the Consumer Goods & Retail practice in France. During his career David has worked extensively with leading players in the French and European retail and luxury goods sector, on projects covering business turnaround and transformation, operational improvement, sourcing strategies, and post-merger integration.

Matteo Ainardi, Managing Partner at ADL, comments, "Consumer Goods & Retail companies are under growing pressure to increase profitability in an extremely competitive sector. Transformation is vital. Adding David's skills, experience and network to our team will allow ADL to develop and strengthen its existing capabilities in the French market, helping our clients to thrive in a fast-moving and changing world."

David Benichou, Partner at ADL, adds, "ADL is building a strong team and reputation in the French retail and luxury markets, and has the foundations and capabilities for fast growth in place. I'm excited to join the firm and work with my colleagues, sharing my extensive experience of delivering successful transformation projects to help grow the practice and our client base."

David holds a Masters degree in civil engineering from the Ecole Nationale Supérieure des Mines de Nancy in France.