Michael Burke news and archive

LVMH Fashion Group names Michael Burke as new CEO

The new year brings a new chapter for luxury group LVMH's fashion division. After six years as the chief executive officer of LVMH Fashion Group, Sidney Toledano is stepping down from this role. Michael Burke will take on the role of CEO. After joining the Arnault Group where he oversaw investments in the United States, Michael Burke led the...

Business

Will Michael Burke to become CEO of LVMH Fashion Group?

Succession planning at the world’s largest luxury group has been underway for years, but owner Bernard Arnault has taken sensible steps to ensure continuity, profitability and longevity at LVMH. The 74-year-old business titan recently appointed his eldest daughter to oversee Christian Dior while his son Antoine is heading Agache, LVMH’s holding...

BusinessFeatured

LVMH completes the acquisition of Tiffany and Co.

Luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE, has confirmed it has completed the acquisition of US jeweller, Tiffany and Co., and announced a new senior leadership team. In a statement, LVMH said that the acquisition of what it calls an “iconic” jeweller will “deeply transform” its watches and jewellery division and complement its 75...