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Louis Vuitton chief exec exits the business

Louis Vuitton chief executive Jordi Constans is to leave the business due to health problems.

Constans has been forced to step down from his position at the French luxury label after just one month due to the discovery of a “significant health issue”.

Bernard Arnault, chairman and chief executive of LVMH, said: “During his time with Louis Vuitton Jordi Constans has shown remarkable leadership which has earned him the respect of the entire team. He understood perfectly the opportunities for this iconic brand. On behalf of the entire group I wish Jordi a full recovery.”

Michael Burke, chief executive of Bulgari, will take the role as chairman and chief executive of Louis Vuitton and will join the executive committee of parent company LVMH. Burke has been chief exectutive of Bulgari since February but has previously held senior roles at Christian Dior and Fendi.

Arnault said: “I have worked with Michael Burke for many years. He has enormous experience in our business and knows Louis Vuitton well. He is a seasoned leader with a well-rounded profile, pragmatic, multi-cultural and modern. He has excellent skills in motivating his teams. I am convinced that he is the right leader for Louis Vuitton’s future; he will build on the initiatives launched by Jordi Constans, bringing the vision and drive to continue advancing Louis Vuitton’s leadership position in luxury.”

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