LVMH is pleased to announce the appointment of Michael Burke as President and CEO of LVMH Fashion Group. He succeeds Sidney Toledano, who is appointed advisor to Bernard Arnault and leaves the Executive Committee of LVMH.
These changes take effect from February 1, 2024.
Michael Burke is appointed president and CEO of LVMH Fashion Group, succeeding Sidney Toledano. Bernard Arnault praises Toledano's leadership and contributions. Toledano expresses gratitude and continues advisory functions. Burke highlights the long-term vision and skill in his new role. Burke's leadership spans Louis Vuitton, Fendi, Bulgari and Tiffany's.
“Sidney Toledano is an exceptional leader who has been at my side for many years, first at Dior and then at LVMH Fashion Group. Throughout more than 30 years of close and fruitful collaboration, he has identified and promoted numerous creative talents who are now among the most recognized designers in the world. With his unique strategic vision, he played a pivotal role in making Dior the most prestigious and admired fashion Maison in the world. As director of LVMH Fashion Group, his creative leadership contributed to the spectacular growth of our fashion houses, which benefited from his deep experience to further strengthen their appeal. Sidney Toledano will continue to be very involved as my advisor and will continue to share his passion and his demanding professionalism with all the Group's teams. He still has a lot to give us.“, saying Bernard Arnault, president and CEO of LVMH.
“After leading Louis Vuitton to new levels of success, I am delighted to see Michael Burke as Head of the Fashion Group. At my side, even before the creation of LVMH, he has always been a key player in the success of the Group, largely thanks to his remarkable discernment and the delicacy of his work at the head of Fendi, Bulgari and Louis Vuitton. These Maisons continued to grow and evolve while remaining true to their heritage and unique savoir-faire. Under his leadership, Louis Vuitton became the largest and most prestigious House in the world, placing culture at the center of its vision and creative development. “His extensive experience and passion for craftsmanship and creativity are invaluable assets to further pursue and accelerate the dynamic growth of the LVMH Fashion Group Maisons.”, Bernardo Arnault aggregate.
“By offering me the opportunity to join Dior and then lead it for 20 years, Bernard Arnault gave me an incredible opportunity to be part of a unique business and family adventure with a long-term vision, this has brought immense pleasure to everyone. . every day. My time at the LVMH Group has been the most enriching and stimulating experience of my career. I have been fortunate to be surrounded by talented designers, exceptional craftsmen, and incredibly dedicated teams. I want to warmly thank Bernard Arnault for everything we have achieved together. We both share a passion for innovation, creativity, excellence and the transmission of savoir-faire. Thanks to its bold vision, the LVMH Group is today a global leader. I am also delighted to see one of my most experienced colleagues along this journey succeed me at the head of the Fashion Group. His universally acclaimed energy and talent will prove a fantastic guide to all the fashion houses he will directly oversee. I wish you much success in this new adventure. I will never be far away and will continue to work alongside Bernard Arnault and remain involved in the fashion industry at the Institut Français de la Mode (IFM) or on the Executive Committee of the Fédération de la Haute Couture et de la Mode to promote exceptional French creativity .“, Sidney Toledo he commented.
“I am proud and honored by the trust of Bernard Arnault who, after 40 years of collaboration, has offered me an exciting and exciting challenge as director of the LVMH fashion group and its many iconic houses. Like him and Sidney, whom I succeed, I firmly believe in long-term vision, craftsmanship, creativity and excellence. These are all ingredients of the recipe that I intend to apply with the teams of these Maisons to elevate their appeal and set new records even further. Sidney and I have been friends and partners and shared adventures for over 30 years. He has done an excellent job leading these Maisons, fostering their creativity and providing them with the benefits of his unique experience as a seasoned leader. I fully embrace the goal of enhancing the magic of these extraordinary Maisons, with their astonishing capacity for innovation and their unique history and savoir-faire.“, he claimed Michael Burke.
Michael Burke joined Groupe Arnault with responsibility for US investments before becoming CEO of Christian Dior USA from 1986 to 1992, and then Louis Vuitton North America from 1992 to 1997. In 1997 he was named global CEO of Christian Dior Couture. and later president and CEO of Fendi in 2003. In 2012 he was named CEO of Bulgari and then president and CEO of Louis Vuitton. In January 2021, he became non-executive chairman of Tiffany's board of directors. Since February 2023, Michael Burke has been a strategic advisor to the president. In 2016, he was elected to the Board of Directors of the Fédération Française de la Couture.
Sidney Toledano is an engineer graduated from the Ecole Centrale de Paris. He spent his early career as a marketing consultant at Nielsen International and then joined Kickers as general secretary in 1982. In 1984, he was named CEO of Lancel. Sidney Toledano joined Christian Dior Couture in 1994 as Director of the Leather Goods Division before becoming General Manager in charge of international development in 1996. In 1998, he was appointed President and CEO of Christian Dior Couture with the mandate of continue development. of the House and elevate Christian Dior to one of the world's leading luxury brands. In February 2018, he was appointed president and CEO of LVMH Fashion Group, which has numerous prestigious houses. Sidney Toledano is also president of the board of directors of the Institut Français de la Mode. He is president of the Chambre Syndicale de la Haute Couture, member of the Executive Committee of the Fédération de la Haute Couture et de la Mode and member of the board of directors of the Colbert Committee. In November 2021 he was elected to the International Board of the Weizmann Institute of Science.
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Fiber2Fashion News Desk (HU)
