Thursday, 14 January 2020, Paris, French Republic: Luxury goods group LVMH appointed two top executives from its Louis Vuitton brand and one of billionaire founder Bernard Arnault’s sons to run US jeweller Tiffany after its $15.8bn takeover was finalized.
Anthony Ledru, an experienced jewellery executive who previously worked at Tiffany& Co. before joining Louis Vuitton in 2014, will take over as CEO.
Alexandre Arnault will effectively be number two in the capacity as Executive Vice President for Product and Communications. The 28-year-old had been running LVMH’s luggage brand Rimowa since 2016 when he convinced his father to acquire the German suitcase maker for €640m. He helped attract younger customers to the brand through collaborations with star designers such as Louis Vuitton’s Virgil Abloh and Dior’s Kim Jones.
Michael Burke, the long-time chief executive of Louis Vuitton, will likewise serve as Tiffany’s chairman.
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