Dior CEO Sidney Toledano steps up lead LVMH Fashion Group

Luxury conglomerate LVMH has announced a new management structure as Sidney Toledano, CEO of Christian Dior Couture, is promoted to chairman and chief executive of its Fashion Group.

The CEOs of Céline, Givenchy, Loewe, Pucci, Kenzo, Marc Jacobs, Rossimoda and Nicholas Kirkwood will now report into Toledano who becomes a member of the LVMH Executive Committee. His promotion comes as Pierre-Yves Roussel steps down as head of the Fashion Group after ten years and becomes Special Advisor to LVMH chairman and chief executive Bernard Arnault.

Toledano had headed up Dior for 20 years and will be replaced by Fendi CEO Pietro Beccari, who also becomes a member of the LVMH Executive Committee. A new CEO for Fendi will be announced in due course.

Arnaud said of Toledano: "[He] is the driving force behind the huge success of Christian Dior Couture across the world. Over the past 25 years, he has done an outstanding job of developing the exceptional House of Christian Dior Couture and of promoting its elegance and modernity through its highly talented team of designers. I want to offer my profound gratitude and am delighted that we will continue to work together and benefit from his expertise.”

“The appointment of Pietro Beccari as head of Christian Dior Couture signals a new era,” Arnault added. “Having been an integral member of our Group for 12 years, Pietro has an excellent track record. After several years as Marketing Director of Louis Vuitton, he oversaw strong growth at Fendi by expertly harnessing the creativity of Karl Lagerfeld and Silvia Venturini Fendi and closely aligning it to the Roman influence of the House. He will be an excellent leader who will steer Dior towards ever greater success in the future.”

The new appointments take effect from January.