LVMH has announced a key leadership transition in its fashion division. Sidney Toledano, a long-time executive who worked with Chairman and CEO Bernard Arnault for over 30 years, will step down from his operational role and become a special advisor. Pietro Beccari, current Chairman and CEO of Louis Vuitton, has been appointed to additionally lead the entire LVMH Fashion Group as its Chairman and CEO. Damien Bertrand, Louis Vuitton’s Deputy CEO, will join the LVMH Group’s Executive Committee. The changes are effective January 1, 2026. Beccari joined LVMH in 2006 and has previously led Fendi and Christian Dior Couture.