Dec 2 (Reuters) - Louis Vuitton CEO Pietro Beccari has been appointed as the chief executive of LVMH's fashion division, the French luxury giant said on Tuesday.
Beccari will combine his new responsibilities with those at Louis Vuitton from January 1, the group said in a press release.
Sidney Toledano, the CEO and chairman of LVMH Fashion Group, has decided to step down from his operational role, LVMH added.
(Reporting by Mathias de Rozario in Gdansk, editing by Milla Nissi-Prussak)
LVMH Moët Hennessy Louis Vuitton SE is the world leader in luxury products. Net sales break down by family of products as follows:
- fashion and leather items (48.5%): brands such as Louis Vuitton, Kenzo, Celine, Fendi, Marc Jacobs, Givenchy, etc.;
- watches and jewels (12.5%): Bulgari, TAG Heuer, Zenith, Hublot, Chaumet, Fred brands, Tiffany, etc.;
- perfumes and cosmetics products (9.9%): perfumes (Christian Dior, Guerlain, Loewe, Kenzo brands, etc.), makeup products (Make Up For Ever, Guerlain, Acqua di Parma, etc.), etc.;
- wines and spirits (6.9%): champagnes (Moët & Chandon, Mercier, Veuve Clicquot Ponsardin, Dom Pérignon brands, etc.; No. 1 worldwide), wines (Cape Mentelle, Château D'Yquem, etc.), cognacs (mainly Hennessy; No. 1 worldwide), whisky (mainly Glenmorangie), etc.;
The remaining net sales (22.2%) are from selective distribution through the Sephora, DFS, Miami Cruiseline chains and Le Bon Marché and La Samaritaine department stores.
At the end of 2024, products are marketed via a network of 6,307 outlets located throughout the world.
Net sales are distributed geographically as follows: France (8.3%), Europe (17.2%), Japan (8.8%), Asia (27.5%), the United States (25.4%) and other (12.8%).
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