LVMUY LVMH Moet Hennessy Louis Vuitton SA (PK)

By Joshua Kirby

LVMH Moet Hennessy Louis Vuitton SE said Wednesday that Pietro Beccari will take the helm of the group's largest fashion brand, Louis Vuitton, while predecessor Michael Burke will take up new responsibilities at the luxury-goods giant.

Mr. Beccari, until now head of LV stablemate Christian Dior Couture, will serve as chief executive and chairman of the brand, the company said.

Mr. Burke, who has led LV for 10 years, will assume new duties, reporting directly to group CEO and controlling shareholder Bernard Arnault, LVMH said.

Meanwhile, Mr. Arnault's daughter, Delphine Arnault, will succeed Mr. Beccari as CEO and chairman of Dior, while the brand's executive vice president Charles Delapalme will serve as managing director, LVMH said.

As part of the organizational changes, U.S. jeweler Tiffany--which LVMH bought at the beginning of 2021 in a landmark $15.8 billion deal--will from now on be housed in the group's watches & jewelry division, the company said.

Write to Joshua Kirby at joshua.kirby@wsj.com; @joshualeokirby

(END) Dow Jones Newswires

January 11, 2023 02:18 ET (07:18 GMT)

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