The luxury group LVMH is reorganizing its top management structure. From January, Louis Vuitton CEO Pietro Beccari will take charge of the group’s entire fashion division. He will also remain at the helm of Louis Vuitton.
Change after 30 years
The French group confirmed the appointment in a press release on Tuesday. With this move, LVMH aims to ensure continuity in a difficult market: the Fashion & Leather Goods division saw a 9% decline in sales in the second quarter and a further 2% decline in the third quarter.
