FRANCE: Louis Vuitton CEO Constans steps down
Jordi Constans, chief executive officer of the Louis Vuitton brand, is leaving the luxury label after just a month in the role because of a "significant health issue" it was announced yesterday (18 December).
Brand owner LVMH Moet Hennessy Louis Vuitton said Constans will be replaced by Michael Burke, was has served as CEO of Bulgari since February.
Burke, who previously held positions at Christian Dior Couture and Fendi, will also become chairman and join the executive committee of the LVMH Group.
Bernard Arnault, chairman and CEO 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."
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