default-output-block.skip-main
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

LVMH Taps Michael Schriver To Oversee Greater China, Korea

Michael Schriver, LVMH's group president for North Asia.
Michael Schriver, LVMH's group president for North Asia. (LVMH)

Luxury conglomerate LVMH has named Michael Schriver, a veteran executive from the group’s DFS, Louis Vuitton and Tiffany units, to lead its operations in China and South Korea as Group President for North Asia.

Andrew Wu, the group’s current president for Greater China, will remain in place, reporting to Schriver.

The move to reinforce its leadership in the region comes amid an uneven recovery from coronavirus, with health restrictions including sporadic strict lockdowns making the key Chinese market unpredictable and tricky for brands to navigate. LVMH’s sales in Asia (excluding Japan), rose just 1 percent in the first half of the year.

Schriver has previously worked as President, North Asia at LVMH flagship Louis Vuitton and as Chief Operating Officer of tax-free retailer DFS.

The nomination is “a strong signal of our determination to invest in our future in Asia and to enhance collaboration across our organisation,” LVMH chairman Bernard Arnault said in a statement.

Learn more:

Luxury’s Outlook in China Is Increasingly Uncertain

The long-term fundamentals of the all-important China market remain strong but short-term headwinds mean luxury brands could face a challenging year ahead.

In This Article
Topics

© 2021 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
Voices 2022
© 2022 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions and Privacy policy.
Voices 2022