handoff between Michael Burke and Sidney Toledano

The world’s number one luxury company LVMH announced new management moves around Bernard Arnault on Thursday with a game of musical chairs between two loyal associates of the CEO, Michael Burke and Sidney Toledano, according to a press release.

Michaël Burke, 66, adviser to Bernard Arnault since 2023 after being CEO of Louis Vuitton for 10 years, becomes CEO of LVMH Fashion Group, a division that brings together several LVMH brands (Céline, Givenchy, Loewe, Kenzo, etc.). He succeeded 72-year-old Sidney Toledano, who, after 20 years at the head of Dior, held that position since 2018.