India Luxury Market
News, analysis & exclusive insights
LVMH (Moet Hennessy Louis Vuitton), the world’s largest luxury conglomerate with 75 high-end brands has announced a reshuffle of its leadership at Louis Vuitton, Christian Dior Couture and LVMH watches and jewellery division.
Pietro Beccari, who has headed Christian Dior Couture since 2018, has been appointed as the chairman and CEO of Louis Vuitton. He succeeds Michael Burke, who will take up new responsibilities, reporting directly to Bernard Arnault, Chairman and CEO of LVMH, after spending ten years at the head of Louis Vuitton and guiding the integration of Tiffany.
Delphine Arnault, executive vice president of Louis Vuitton since 2013 with responsibility for supervising all Louis Vuitton product-related activities has succeeded Pietro Beccari to become chairman and CEO of Christian Dior Couture. She is also the daughter of LVMH head – Bernard Arnault
Charles Delapalme, executive vice president of Christian Dior Couture in charge of commercial activities since 2018, has been named Managing Director of Christian Dior Couture.
Stéphane Bianchi, chairman and CEO of the Watches & Jewellery Division, will now also oversee Tiffany and Repossi, which join the Watches & Jewellery Division of the LVMH Group
Commenting on the new appointments, Bernard Arnault said “The inclusion of Tiffany in the Watches & Jewellery division is a natural step following the company’s successful integration within the LVMH Group. Stéphane Bianchi’s leadership skills, his understanding of products and markets, and his organisational acumen have enabled the Maisons in the division to achieve remarkable results under his management. This includes the successful revamping of TAG Heuer, the acceleration of Chaumet, Fred and Zenith, along with continued excellent performance by Hublot and Bulgari. Stéphane will further heighten the unique appeal of each of these Maisons while developing effective synergies among them.”
Shilpa is a world renowned journalist and an expert in decoding India and Asia’s luxury markets for global readers. Her original, in-depth reports and analysis are frequently featured in prestigious international titles across the UK, China, Hong Kong, Switzerland, and Oman.
India is cutting import duties on many luxury goods; cars, watches, cosmetics & wines through new trade deals with the EU, UK, UAE, Switzerland and Australia. Lower taxes will boost demand of foreign luxury goods in India, encouraging more global brands to enter and expand in the market.
At key global red carpet events, Alia Bhatt has out-ranked icons like Zendaya and Kendall Jenner, while generating multi-million dollar EMV for brands like Gucci & L’Oréal. Discover how the Indian actress strategically built her influence from a teenage movie star to an ROI magnet from south Asia.
India is significantly reducing import duties on alcoholic beverages and liquor – premium wines, whisky, beer, rum, vodka and tequila – as part of new trade deals with the UK, EU, Australia, New Zealand, Switzerland and Finland. See which major alcobev brands and spirits will benefit the most.
His watches are priced at an average $100,000 and yet attract a long waiting list of buyers. Even Chanel has acquired a stake in his company. He has won every major watch industry award in the world. Meet Maximilian Büsser, the Swiss-Indian watchmaker and founder of the unconventional watch brand MB&F
News, market intelligence & expert insights
