The seats reshuffle continue at LVMH. Matteo De Rosa is leaving Métiers d’Art, while rumours suggest that Pietro Beccari may soon be replaced by his deputy, Damien Bertrand, as CEO of Louis Vuitton. Meanwhile, the French luxury giant is also facing a workers’ strike within its Wines & Spirits division, scheduled for Friday 5 December.
Matteo De Rosa leaves Métiers d’Art
De Rosa, who has served as CEO of LVMH Métiers d’Art since 2021, is now stepping down. The Italian executive had succeeded Daniel Peterlin, who had led the division since its foundation in 2015, when it was created to secure raw material availability and safeguard rare artisanal techniques. MFF notes that De Rosa’s focus included leather, exotic skins, rare metals and silk. Ludovic Pauchard, LVMH’s industrial and craftsmanship director and executive president of Métiers d’Art, will announce the new CEO in due course.
A new CEO for Louis Vuitton?
With his new role as CEO of the LVMH Fashion Group, Pietro Beccari will oversee all of the group’s fashion maisons — except Dior and Loro Piana, which remain under the stewardship of Bernard Arnault’s children. Business of Fashion turns its attention to Fendi and its new creative director, Maria Grazia Chiuri, asking: how will Fendi’s offer differentiate itself from Dior’s, given that Chiuri’s designs will remain on sale into 2026? According to the publication, it is unlikely Beccari will be able to manage both Louis Vuitton — the group’s flagship brand, where he is CEO — and the entire Fashion Group for an extended period. It therefore reprises speculation originally floated by Miss Tweed: that Louis Vuitton’s deputy CEO, Damien Bertrand, could become the maison’s next chief executive. The key clue is Bertrand’s new seat on the LVMH executive committee.
And meanwhile, a strike
On top of the management reshuffle (and accusations pertaining to Hermès shares), LVMH faces another headache. According to Reuters, workers in the Wines & Spirits division are planning a series of strikes starting 5 December in response to cuts to their annual bonuses. The group reportedly aims to tighten spending following a sharp drop in profits within the division.
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