On this episode Michael welcomes Sebastian Picardo, President & CEO of Holt Renfrew, for an in-depth, farewell conversation on luxury retail in Canada and beyond. Sebastian shares his global journey from Buenos Aires to London to Toronto, and his vision for evolving Holt Renfrew during a period of disruption. He unpacks Canadian consumer dynamics, the competitive retail landscape, AI’s impact on shopping, and his leadership philosophy. As his tenure closes, Sebastian reflects on lessons learned and what’s next.
In this episode of The Voice of Retail podcast, host Michael LeBlanc sits down in person with Sebastian Picardo, President & CEO of Holt Renfrew, to explore the evolution of luxury retail in Canada and the global forces shaping the industry.
Sebastian begins by sharing his personal journey from Buenos Aires to London, where he launched his luxury career at Alexander McQueen, followed by senior roles with Net-a-Porter, Burberry, and leading a Hong Kong department store group. In 2020, he joined Holt Renfrew at the height of the pandemic, taking on the challenge of steering Canada’s most iconic luxury retailer through one of the most disruptive times in modern retail history.
He offers a rich perspective on what makes Holt Renfrew remarkable—its deep Canadian heritage dating back to 1837, its ability to evolve with consumer tastes, and its strong relationships with global brands, employees, and customers. Sebastian discusses how Holt Renfrew balances being both a branded house and a house of brands, creating a unique identity in a highly competitive market.
The conversation delves into the diversity of Canadian consumers, from the European-influenced Montreal shopper to Vancouver’s strong Asian luxury demand, and how these cultural differences shape merchandising and strategy. Sebastian highlights the challenges of Canada’s vast geography, the pressures of competing with U.S. retailers, and the importance of personalization and CRM in strengthening customer relationships.
AI also takes center stage as Sebastian explains how technology is reshaping discovery, service, and operations. From empowering associates with smarter tools to anticipating customer needs, he shares how Holt Renfrew is integrating AI into its strategy while staying focused on human connection at the store level.
Finally, Sebastian reflects on leadership—what it means to empower teams, why humility and enabling others is central to his philosophy, and why leadership is always more about others than yourself. As he prepares to move back to Europe, Sebastian leaves listeners with inspiring lessons on adaptability, vision, and building a retail brand that can thrive for nearly two centuries.