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Judging by the pace of C-suite reshuffles and the increase in creative director musical chairs, the luxury industry remains in flux. While Givenchy has yet to appoint its next creative director following the departure of Matthew Williams back in January, LVMH announced on Tuesday that the house has a new CEO: former president of EMEA (Europe, Middle East and Africa) at Louis Vuitton, Alessandro Valenti.
Valenti succeeds Renaud De Lesquen, who has decided to take a new direction in his career, according to the press release. De Lesquen had been CEO since 2020.
Givenchy is part of the luxury conglomerate’s Fashion Group, which has seen quite a few changes as of late. On 1 February, Michael Burke became chairman and CEO of LVMH Fashion Group, succeeding Sidney Toledano, before Toledano returned to the helm. The Fashion Group also includes Fendi, Celine and Loewe. Albeit one of the smaller brands, Givenchy boasts a strong haute couture heritage. After presenting two studio-made collections in January and February (menswear and womenswear) for Autumn/Winter 2024, the house skipped men’s fashion week in June.
The news comes after LVMH announced a new CEO for Fendi, Pierre-Emmanuel Angeloglou, effective 1 June. Angeloglou has been managing director of the LVMH Fashion Group since March. Meanwhile, there are persistent rumours concerning upcoming changes at the creative head of Celine.
Valenti worked at Versace, Giorgio Armani and Ralph Lauren before going to LVMH in 2014 as managing director of Louis Vuitton France and Monaco. He was subsequently appointed president of North-Central Europe and Africa, before being named EMEA president of Louis Vuitton.
“Alessandro has 25 years of international experience. His extensive knowledge of the luxury industry, including more than 10 years at Louis Vuitton, coupled with his retail expertise and managerial skills, will be key assets in taking Givenchy to reach new milestones,” Toledano said in a statement.
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