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Vitale’s first Versace collection will hit stores early next year, while the designer prepares for his sophomore show in February. As Versace aims to reposition itself firmly in luxury, adjacency to Prada and Italian manufacturing will be a plus. Correction: This story was updated to correct an error in currency on the value of the Prada-Versace deal. The deal was completed for €1.25 billion not $1.25 billion as previously written Pietro Beccari, the chair and CEO of Louis Vuitton, has been promoted. Effective January 1, he will take on the role of chair and CEO of the LVMH Fashion Group, which has eight brands: Celine, Loewe, Fendi, Givenchy, Kenzo, Pucci, Patou and Marc Jacobs. He will combine these new responsibilities with his role at Louis Vuitton. Beccari was appointed as Louis Vuitton CEO in 2023, after a successful five-year run as chair and CEO of Christian Dior Couture. Louis Vuitton’s sales were €21.57 billion in 2024, according to HSBC estimates. Damien Bertrand, deputy CEO of Louis Vuitton, will become a member of the LVMH executive committee. Bertrand was CEO of Loro Piana from 2021 to 2025, when he passed the baton to Frédéric Arnault and moved to Louis Vuitton in June to become deputy CEO.New York Knicks 2025 2026 Cup Champions Trophy Diamond Shirt
Sidney Toledano, who is currently at the helm of the Fashion Group, has decided to step down from his operational role, according to a statement sent on Tuesday. LVMH chair and CEO Bernard Arnault said: “I would like to warmly thank Sidney Toledano, who has been by my side for over 30 years and has always been present, in all circumstances, with determination, talent, and loyalty. He will remain my special advisor.” “After a rich decade of leading Dior and Louis Vuitton, I am delighted that Pietro Beccari has also agreed to bring his expertise to the LVMH Fashion Group maisons. Pietro is a great leader and a unique talent with boundless energy. He knows how to surround himself with talents and develop them to prepare the future of the maisons,” he added. “At the head of Louis Vuitton, he will be able to rely even more on Damien Bertrand, whose contribution has been significant in recent months and who now joins the group’s executive committee.” “Delphine has such a daunting résumé as a leader in fashion at Dior that I, like everyone, am in awe of what she has done and of the wisdom and care with which she has done it,” said Vogue’s Anna Wintour onstage at The Fashion Awards presented by Pandora in London last night. She was there to present Christian Dior CEO Delphine Arnault with the Special Recognition Award for her exceptional contribution to the fashion industry.
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