Reshuffle in luxury top management. The Spanish brand Loewe, owned by the French multinational LVMH, has nominated Pascale Lepoivre as its new chief executive officer. He takes over from Lisa Montague. Pascale Lepoivre was previously executive vice president at Céline for nine years, where he followed development of the leather collections. For Lisa Montague, who is returning to London for “personal reasons”, this might actually be a “change in direction” rather than goodbye (as WWD magazine sustains) as she may in fact be given a new role, still to be confirmed, at LVMH. Meanwhile, Loewe, under the creative guide of Jonathan Anderson, looks set to close 2016 at 232 million euros.