Sidney Toledano, chairman and CEO of LVMH Moet Hennessy Louis Vuitton, is moving on to another role within the French luxury group LVMH. The same old story: the people who go up are the same people you see when they come down.\u00a0At the annual shareholders meeting, Mr. Arnault was pleased to thank Mr. Toledano for his leadership over the past three decades at LVMH.<\/p>\n
\u201cI wanted to highlight the exceptional work he has done. He is not leaving. He will be moving on to other roles,\u201d Arnault said. I had the feeling that I was in the serie of Trumps \u201cthe Apprentice\u201d and the director says to sydney, you are fired.\u00a0\u201cWe will continue to work together in a different setting. I won\u2019t say any more about it, but I\u2019ll tell you about it anyway next year. A big thank you, Sidney, for the great job you\u2019ve done over the years,\u201d BLA BLA BLA BLA BLA.<\/p>\n
An independent news site reported that Michael Burke, another veteran LVMH executive, was the favorite to succeed Mr. Toledano as head of the Fashion Group. Mr. Toledano\u2019s successor will be announced in the coming months, but the decision has not yet been made.\u00a0At the shareholders\u2019 meeting, Mr. Arnault also praised Mr. Burke, noting that he had helped Louis Vuitton become the first brand in the history of luxury goods to generate annual sales of more than 20 billion euros.<\/p>\n
Burke stepped down as Vuitton\u2019s chairman and CEO in February after 10 years of dedicated service to \u201ctake on new responsibilities, reporting directly to Bernard Arnault,\u201d LVMH said. He appears to be the natural successor to Toledano, as the two men are close and Burke has been part of Arnault\u2019s inner circle since he founded LVMH in the 1980s.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Sidney Toledano, chairman and CEO of LVMH Moet Hennessy Louis Vuitton, is moving on to another role within the French luxury group LVMH. The same old story: the people who […]<\/p>\n","protected":false},"author":1,"featured_media":2048,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.mouclier.com\/index.php\/wp-json\/wp\/v2\/posts\/2047"}],"collection":[{"href":"https:\/\/www.mouclier.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mouclier.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mouclier.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mouclier.com\/index.php\/wp-json\/wp\/v2\/comments?post=2047"}],"version-history":[{"count":3,"href":"https:\/\/www.mouclier.com\/index.php\/wp-json\/wp\/v2\/posts\/2047\/revisions"}],"predecessor-version":[{"id":2051,"href":"https:\/\/www.mouclier.com\/index.php\/wp-json\/wp\/v2\/posts\/2047\/revisions\/2051"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mouclier.com\/index.php\/wp-json\/wp\/v2\/media\/2048"}],"wp:attachment":[{"href":"https:\/\/www.mouclier.com\/index.php\/wp-json\/wp\/v2\/media?parent=2047"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mouclier.com\/index.php\/wp-json\/wp\/v2\/categories?post=2047"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mouclier.com\/index.php\/wp-json\/wp\/v2\/tags?post=2047"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}