The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
A top executive at Louis Vuitton and one of Bernard Arnault’s sons are set to take over management of Tiffany & Co after the biggest acquisition in the luxury industry by LVMH.
Anthony Ledru will be chief executive officer, with Alexandre Arnault being responsible for products and communications inside the brand, the company said, confirming a Bloomberg report they would lead the jeweler together. Ledru leads global commercial activities at Louis Vuitton, and Alexandre is currently in charge of LVMH-owned suitcase maker Rimowa.
LVMH announced the promotions and said the acquisition had been concluded. Louis Vuitton CEO Michael Burke will also become chairman of Tiffany.
With Ledru, the French company is picking someone with extensive experience in the
US luxury market to succeed Alessandro Bogliolo. Prior to his six years at LVMH, Ledru held key roles at jewellery brands
including Harry Winston.