LVMH has announced the appointment of Pietro Beccari as CEO of the LVMH Fashion Group, effective January 1, 2026. He will succeed Sidney Toledano, who has decided to step down from his operational duties after more than 30 years working alongside Bernard Arnault.
Pietro Beccari will assume these new responsibilities while continuing to serve as CEO of Louis Vuitton. Damien Bertrand, Deputy CEO of Louis Vuitton, will become a member of the LVMH Executive Committee on January 1.
Pietro Beccari joined LVMH as Marketing and Communications Director at Louis Vuitton before being promoted to CEO of Fendi in 2012, and later CEO of Christian Dior Couture in 2018. He has been CEO of Louis Vuitton since February 2023.
Sidney Toledano is Chairman & Chief Executive Officer at Emilio Pucci Srl since 2018. Chairman at Loewe SA, Celine SA since 2018, Givenchy SA, John Galliano SA since 2004, Les Jardins d'Avron, Fendi International BV, Jean Patou SA, Marc Jacobs International LLC, Marc Jacobs Holdings LLC, Kenzo SA, Moynat Paris SAS since 2019, 111 Mount Street Ltd. since 2019, Moynat, Inc. Chairmanships are held concurrently. Vice Chairman roles are held at Comité Colbert and Institut Français de la Mode. Director positions are held at Rossimoda SpA, Christian Dior Malaysia Sdn Bhd., J W Anderson Ltd. since 2018, LVMH MJ Holdings, Inc., Gorgias SA, Moynat Singapore Pte Ltd., Moynat Asia Ltd., Moynat Shanghai Commercial Co. Ltd., Moynat Korea, Moynat Taiwan Ltd., Association Nationale Pour Le Développement Des Arts De La Mod, and Avenue M International SCA as Member-Supervisory Board. Former roles include Vice Chairman & Chief Executive Officer at Christian Dior SE from 2017 to 2022, Chairman & Chief Executive Officer at Christian Dior Couture SA from 1994 to 2018, and Executive Chairman & Chief Executive Officer at LVMH Fashion Group Support SAS from 2018 to 2026. Other former positions include Chief Executive Officer at Emilio Pucci International BV, Chairman at Christian Dior, Inc., Christian Dior UK Ltd., Fendi France SAS, Mardi SpA as Chairman & Managing Director, Lucilla SRL, Christian Dior Italia Srl, Sabins SASU, Bopel Srl, Calto SRL, CDCH SA, Christian Dior Commercial (Shanghai) Co., Ltd., Christian Dior Couture Maroc, Christian Dior S. de RL de CV, Les Jardins d'Avron LLC, Christian Dior Couture Ukraine Sarl, Christian Dior Vietnam LLC, Manufactures Dior Srl, IDMC manufacture SAS, FNLB BV, and Managing Director or Director roles at various Christian Dior and Fendi subsidiaries. Additional former roles include Trustee at The Solomon R. Guggenheim Foundation, Secretary at Kickers SARL, and Member-Management Board at MHS SAS.
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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