World of Fashion
Fashion Group LVMH Names Pietro Beccari as New Head of Louis Vuitton
Luxury fashion group LVMH has appointed Pietro Beccari, Head of Christian Dior Couture, to the role of Chairman and CEO of Louis Vuitton, amid a management shake-up at the business. Beccari succeeds Michael Burke, who will “take up new responsibilities” and report directly to Bernard Arnault, CEO of LVMH.
Bernard Arnault commented: “Pietro Beccari has done an exceptional job at Christian Dior over the past five years. His leadership has accelerated the appeal and success of this iconic Maison. I am sure Pietro will lead Louis Vuitton to the next level of success and desirability.
“I want to extend my warmest thanks to Michael Burke, who has led the extraordinary success of Louis Vuitton during the past ten years. In addition to Louis Vuitton, he has overseen the successful integration of Tiffany within the LVMH Group. I am delighted that Michael will continue, by my side, to share his experience and talent for the benefit of our companies.”
Delphine Arnault, Executive Vice President of Louis Vuitton, will succeed Beccari as Head of Christian Dior Couture.
Bernard Arnault added: “The appointment of Delphine Arnault is another milestone in a career journey in fashion and leather goods defined by excellence, first during 12 years at Christian Dior and then at Louis Vuitton for the past decade where she was number two with responsibility for all of the Maison’s product activities. Her keen insights and incomparable experience will be decisive assets in driving the ongoing development of Christian Dior.”In addition, Charles Delapalme, EVP of Christian Dior Couture since 2018, has been named Managing Director of Christian Dior Couture.
Arnault continues: “I am delighted with the promotion of Charles Delapalme at Christian Dior. He has pursued an admirable career within the LVMH Group for the past 17 years. Charles will work closely with Delphine to write a new chapter in the extraordinary history of Maison Christian Dior.”
.jpg)
Pietro Beccari
LVMH Moët Hennessy Louis Vuitton commonly known as LVMH, is a French holding multinational corporation and conglomerate specializing in luxury goods, headquartered in Paris. The company was formed in 1987 through the merger of fashion house Louis Vuitton (founded in 1854) with Moët Hennessy, which was established following the 1971 merger between the champagne producer Moët & Chandon (founded in 1743) and the cognac producer Hennessy (founded in 1765). In 2021, with a valuation of $329 billion, LVMH became the most valuable company in Europe.
LVMH controls around 60 subsidiaries that each manage a small number of prestigious brands, 75 in total. These include Tiffany & Co., Christian Dior, Fendi, Givenchy, Marc Jacobs, Stella McCartney, Loewe, Loro Piana, Kenzo, Celine, Sephora, Princess Yachts, TAG Heuer, and Bulgari. The subsidiaries are often managed independently, under the umbrellas of six branches: Fashion Group, Wines and Spirits, Perfumes and Cosmetics, Watches and Jewelry, Selective Distribution, and Other Activities. The oldest of the LVMH brands is wine producer Château d'Yquem, which dates its origins back to 1593.