LVMH has announced that Antoine Arnault, chief executive officer of Berluti, will step down from the helm of the French luxury brand, effective January 1, 2024, ushering in a leadership reshuffle across the Parisian firm’s portfolio.
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Arnault is passing the Berluti baton to Jean-Marc Mansvelt, who has been chief executive officer of Chaumet since 2014, according to an internal announcement seen by WWD and AFP.
Charles Leung, CEO of Fred since 2018, will succeed Mansvelt at Chaumet, while Leung’s replacement at Fred has yet to be named.
“I am very happy and quite emotional to welcome Jean-Marc as the new CEO of the exceptional maison Berluti, building on values of elegance, audacity and unique savoir-faire,” Arnault said.
“Jean-Marc’s wealth of experience that he has demonstrated throughout these years will be decisive assets in driving the ongoing development of Berluti.”
The eldest son of LVMH chairman and CEO Bernard Arnault, Antoine Arnault was appointed to role of CEO of Berluti in 2011. That same year, Arnault launched ready-to-wear at Berluti, staging its first runway show in January 2012, under its former artistic director Alessandro Sartori.
Antoine Arnault will remain chairman of Berluti, in addition to his other roles including chairman of Loro Piana, head of communication, image and environment at LVMH, CEO of holding company Christian Dior SE, and member of the LVMH board.
Founded in Paris in 1895, Berluti is best known for patina and coloured shoes and leather goods.