LVMH announces management changes
French luxury goods group LVMH has announced that Michael Burke, head of Italian fashion brand Fendi, will become chief executive of jeweller Bulgari in February 2012 as part of a management reshuffle following its acquisition.
As part of the deal completed over the summer, Bulgari CEO Francesco Trapani took over the chairmanship of LVMH’s watch and jewellery division and a replacement for him at the helm of the Italian jeweller was expected to be found.
In further management changes, Pietro Beccari, executive vice president, marketing and communications at Louis Vuitton, is to become chief executive of Fendi, and his replacement at Vuitton will be announced later.
Mr Beccari is also chairman of Berluti, LVMH’s luxury shoe brand, which will unveil its first ready-to-wear collection in January 2012 at Paris Fashion Week.
A replacement for designer John Galliano at LVMH’s fashion brand Christian Dior has not yet been announced. Dior said in October it hoped to announce it before the end of the year.
