Dive Brief:
- LVMH has named Ramon Ros CEO of Fendi, effective July 1, according to a Monday announcement. He succeeds Pierre-Emmanuel Angeloglou. Ros was previously president and CEO of Louis Vuitton in China. Angeloglou will become deputy CEO of Dior Couture effective April 15, according to a prior announcement.
- Daniel DiCicco will succeed Ros effective April 28, and will be based in Shanghai. He joins LVMH from Apple, where he led global worldwide retail, per the Monday release.
- Also on Monday, Charlotte Coupé was appointed CEO of Kenzo, effective May 1. She succeeds Sylvain Blanc, and previously managed the men’s ready-to-wear business unit at Louis Vuitton.
Dive Insight:
Both Ros and Coupé will report to Sidney Toledano, who is senior advisor to the LVMH Group Chairman. DiCicco will report to David Ponzo, chief commercial officer of Louis Vuitton.
In his previous position, Ros was “instrumental in developing the brand desirability” of Louis Vuitton, per the release, which added that he also was successful in assembling a local team to support the brand in China. He began at LVMH in 2013 as the managing director of Givenchy China and in 2016 moved to France to become international director of Givenchy.
DiCicco has worked in Asia for more than a dozen years, holding multiple leadership positions, per the release. Prior to his time at Apple, he was president and CEO of both Coach Japan and Coach North Asia. He also held top executive roles at Sony Music Entertainment, per the release.
Coupé joined LVMH in 2016. Prior to that, she worked at Ralph Lauren and Lacoste, per the release. A successor for her current position has not been announced.
LVMH has seen several executive shifts this year. In March, when LVMH announced Angeloglou’s move to Dior Couture, the company also revealed the appointment of Damien Bertrand as deputy CEO of Louis Vuitton and Frédéric Arnault as CEO of Loro Piana. The same month, the company also named Jean-Christophe Babin as CEO of LVMH Watches.
For fiscal 2024, LVMH posted a 2% revenue decline to 84.7 billion euros, or about $88.3 billion at January’s exchange rates. Fourth quarter revenue was flat year over year at 23.9 billion euros. The company is scheduled to report first quarter earnings next week.
