LVMH names Louis Vuitton chief as head of fashion group

Group 1 - LVMH has appointed Pietro Beccari as CEO of LVMH Fashion Group, while he continues as chairman and CEO of Louis Vuitton [1][2] - The transition from Sidney Toledano, who has led the fashion activities for over 30 years, is set to take effect on January 1, 2026 [2][4] - Damien Bertrand, currently deputy CEO of Louis Vuitton, will join the LVMH executive committee as part of the reorganization [2][5] Group 2 - Beccari's career at LVMH began in 2006, and he has held various leadership roles, including chairman and CEO of Fendi and Christian Dior Couture [3] - LVMH reported a revenue of €18.28 billion ($21.15 billion) for Q3 2025, marking a 1% organic increase from Q3 2024 [5][6] - The company experienced its first quarterly growth in 2025 after a 4% decline in the previous quarter, with total revenue for the first nine months of 2025 at €58.1 billion, down from €60.75 billion in the same period of 2024 [6]