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Louis Vuitton announces new chief executive

French luxury label Louis Vuitton has announced the appointment of a new chief executive effective from the end of 2012.

Jordi Constans, who is an executive at French food company Danone, is to replace current chief executive, Yves Carcelle, after having spent the majority of next year familiarising himself with the Louis Vuitton business.

Carcelle, who has held the position of chief executive at Louis Vuitton for over 20 years, is to leave to become president of the Fondation Louis Vuitton, an art museum set to open in early 2013 on the outskirts of Paris. He will remain on the executive committee of Louis Vuitton’s parent company, LVMH, to undertake strategic roles with LVMH chairman Bernard Arnault.

“I am delighted that Jordi Constans is joining the group,” said Arnault. “Initially, he will have the privilege of working with Yves Carcelle, who has led Louis Vuitton with remarkable success since 1990. I wish him the very best for the future success of this iconic brand within the LVMH Group.”

Elsewhere, Louis Vuitton’s artistic director Marc Jacobs is said to be in talks to become the new head designer at fashion house Christian Dior, the role previously held by John Galliano, although earlier this week it was reported these talks had stalled in a row over salary.

 

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