Fendi, LVMH brand, changes CEO

Fendi, LVMH brand, changes CEO
Fendi, LVMH brand, changes CEO

Pierre-Emmanuel Angeloglou has been appointed CEO of the Italian brand Fendi, owned by the LVMH group, as of June 1, we learned on Monday from the world number one luxury company.

Mr. Angeloglou thus succeeds Serge Brunschwig who, after six years as CEO of Fendi, “will assume new responsibilities within the LVMH group which will be announced shortly”, according to a press release from LVMH which confirms information from the specialized site Women’s Wear Daily (WWD).

Pierre-Emmanuel Angeloglou also remains general director of LVMH Fashion Group, a division bringing together several of the group’s brands (Céline, Givenchy, Loewe, Kenzo, Marc Jacobs, Patou, Pucci and Rossimoda).

Bernard Arnault, CEO of LVMH, “would like to thank Serge (Brunschwig) for his contribution to the significant growth of Fendi since 2018”.

LVMH very rarely reveals the turnover of its 75 brands (Louis Vuitton, Dior, Celine, Guerlain, etc.). During the annual results presentation in January, Bernard Arnault indicated that “Fendi was continuing its momentum”.

“The next growth drivers for fashion leather goods are, in order of importance, Vuitton, Dior, Celine, Fendi, etc.”, commented the financial director of LVMH Jean-Jacques Guiony during a conference with financial analysts.

The Fendi brand was created in 1925 in Rome. In 1965, she recruited Karl Lagarfeld, then a young German designer. He created the brand’s logo, two upside-down Fs, and remained as artistic director until his death in 2019. In 2001, LVMH became the majority shareholder of the brand. (AFP)

-

-

PREV Are you one of the thousands of people who have not received their “$400 to $600”?
NEXT “It’s a global problem”: we talked about mayonnaise sachets impossible to open with a waiter