Record buy: A window display at the US luxury shop Tiffany & Co in Paris. Its purchase by LVMH, worth US$16bil, is the biggest in the luxury industry’s history. — AFP
PARIS: 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 lead the jeweller, with Alexandre Arnault taking on a top position inside the brand, according to people familiar with the appointments who asked not to be identified before an announcement.
Ledru leads global commercial activities at Louis Vuitton, and Alexandre is currently in charge of LVMH-owned suitcase maker Rimowa.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
