LVMH, in a major surprise, has appointed Hedi Slimane as the new Artistic, Creative and Image Director of Céline. The appointment takes effect on February 1. He succeeds Phoebe Philo who quit the house this autumn.
Sidney Toledano is to resign from his position as CEO of Christian Dior and be replaced by Pietro Beccari, CEO of Fendi, in a significant change of management within LVMH. And more changes are in the pipeline.
Yves Saint Laurent, French luxury group Kering's second-biggest brand, expects to nearly double revenue in three to five years while boosting profits, adding to its recent strong growth, the company said on Monday.
Few luxury executives will have a busier year than Bruno Pavlovsky, Chanel’s Fashion President, who has just overseen the launch of the Gabrielle bag; and has four major new flagship boutiques in the pipeline.