LVMH’s Fendi Names New CEO Amid Management Reshuffle

Former L’Oréal and Louis Vuitton govt Pierre-Emmanuel Angeloglou has been named CEO of Fendi, efficient June 1, in line with an inner announcement seen by BoF. Angeloglou will take the helm of Fendi along with his obligations as managing director of LVMH Vogue Group.

Serge Brunschwig, the Roman model’s CEO since 2018, will transition to a brand new function at LVMH that can be introduced “in a close to function,” in line with the announcement.

Angeloglou joined LVMH in 2019 as a strategic advisor to Louis Vuitton’s then-CEO Michael Burke, after 20 years at L’Oréal Group culminating with a stint as world model president of its flagship L’Oréal Paris unit.

Earlier this 12 months Angeloglou adopted Burke to LVMH Vogue Group, the place the Franco-American style veteran has succeeded Sidney Toledano as CEO.

LVMH has been working to restructure administration of its sprawling portfolio of style manufacturers in current months, BoF reported. Quickly after becoming a member of the Vogue Group unit — whose manufacturers vary from billion-per-year-plus companies like Celine, Fendi and Loewe to a lot smaller manufacturers like Pucci and Kenzo — sources accustomed to the matter say Burke handed off key obligations to different executives within the group together with Toledano, Angeloglou and Delphine Arnault.

Keep tuned to BoF for updates on this creating story.