Skip to main content
BoF Logo

The Business of Fashion

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

LVMH’s Stephane Bianchi Promoted in Top Management Reshuffle

Two men in suits
LVMH’s group managing director Toni Belloni will step down, the company said on Thursday, with Stephane Bianchi taking over his operational functions, in a rare top management reshuffle at the world’s biggest luxury group. (Jean-Francois Robert)

LVMH’s group managing director Toni Belloni will step down, the company said on Thursday, with Stephane Bianchi taking over his operational functions, in a rare top management reshuffle at the world’s biggest luxury group.

Bianchi will chair the group’s executive committee, and, alongside Bernard Arnault, take up strategic and operational supervision of the group’s labels, the company said.

Bianchi, who joined LVMH in 2018, has moved up quickly through the ranks. He started out as chief executive of watch label Tag Heuer and the watchmaking division of the company. Two years later, his division was enlarged to encompass jewelry, and now includes Tiffany & Co.

LVMH also said that it would nominate Wei Sun Christianson to the board of directors at its annual general meeting on April 18.

ADVERTISEMENT

By Mimosa Spencer and Tassilo Hummel

Learn more:

LVMH Chairman Remains ‘Quite Confident’ Despite Slowing Growth

The world’s biggest luxury conglomerate is counting on China’s reopening to boost sales after quarterly growth slowed to a single-digit rate for the first time since 2020.

Disclosure: LVMH is part of a group of investors who, together, hold a minority interest in The Business of Fashion. All investors have signed shareholders’ documentation guaranteeing BoF’s complete editorial independence.

In This Article

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.

Can Celine Work Without Hedi Slimane?

After growing the brand’s annual sales to nearly €2.5 billion, the star designer has been locked in a thorny contract negotiation with owner LVMH that could lead to his exit, sources say. BoF breaks down what Slimane brought to Celine and what his departure could mean.


Fashion Goes Big at Salone, But Design Still Rules

Fashion brands are edging in on the world’s largest gathering of design professionals and their wealthy clients, but design companies still dominate the sector, which is ripe for further consolidation, reports Imran Amed.


view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
The Business of Beauty Global Awards - Deadline 30 April 2024
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
The Business of Beauty Global Awards - Deadline 30 April 2024