Joshua Kirby
LVMH Moët Hennessy Louis Vuitton SE announced Wednesday that Pietro Beccari will take over the helm of Louis Vuitton, the group’s largest fashion brand, while his predecessor Michael Burke will assume new responsibilities at the luxury goods giant.
Beccari, formerly head of LV’s stablemate Christian Dior Couture, will serve as the brand’s chief executive officer and chairman, the company said.
Burke, who has led LVMH for 10 years, will assume a new mandate and will report directly to Bernard Arnault, group CEO and controlling shareholder, LVMH said.
Arnault’s daughter, Delphine Arnault, will succeed Beccari as Dior’s chief executive officer and chairman, according to LVMH, which will be managed by Charles Delapalme, Dior’s executive vice president. He will act as a director.
As part of the organizational change, US jeweler Tiffany & Co., which LVMH acquired in a landmark $15.8 billion deal in early 2021, will now be housed in the group’s watches and jewelry division, the company said.
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