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LVMH announces key executive appointments at Louis Vuitton, Loro Piana, and Dior

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Nazia BIBI KEENOO

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March 12, 2025

Fresh off the heels of Paris Fashion Week, LVMH is shaking up the leadership of some of its biggest brands. Damien Bertrand, CEO of Loro Piana, is stepping into a new role at Louis Vuitton, while Frédéric Arnault takes over Loro Piana. Meanwhile, Pierre-Emmanuel Angeloglou, who currently leads Fendi, is set to become CEO of Christian Dior Couture.

“The success of our maisons is driven by dedicated and visionary leaders,” said Bernard Arnault, chairman and CEO of LVMH, in an official statement. “Damien, Frédéric, and Pierre-Emmanuel bring exceptional leadership, entrepreneurial vision, and a commitment to excellence. Their appointments reflect our strategy of cultivating top talent within the group.”

A strategic shift for LVMH’s powerhouses

Starting April 15, 2025, Pierre-Emmanuel Angeloglou will take over Christian Dior Couture, reporting directly to Delphine Arnault. He will oversee business operations, finance, and legal affairs, working closely with Delphine, with whom he has already formed a strong partnership. His successor at Fendi is expected to be announced soon.

Pierre-Emmanuel Angeloglou named CEO of Christian Dior Couture – LVMH

At Louis Vuitton, Damien Bertrand will enter his new role on June 10, 2025, reporting to CEO Pietro Beccari. He will take charge of product divisions, brand communication, business strategy, sustainability, and industrial operations. He is also set to join the LVMH executive committee in January 2026.

Damien Bertrand appointed deputy CEO of Louis Vuitton
Damien Bertrand appointed deputy CEO of Louis Vuitton – LVMH

Meanwhile, Frédéric Arnault will take over Loro Piana starting March 26, allowing for a transition period with Damien Bertrand, before officially assuming leadership on June 10, 2025. He will report to Toni Belloni, chairman of LVMH Italy, while his replacement at LVMH Watches is expected to be announced soon. This promotion also solidifies his position within both the LVMH leadership structure and the Arnault family hierarchy.

Frédéric Arnault appointed CEO of Loro Piana
Frédéric Arnault appointed CEO of Loro Piana – LVMH

Strategic moves amid luxury market challenges

These leadership changes highlight LVMH’s strategy to strengthen the management of its most profitable brands at a time when the luxury market faces increasing challenges. The restructuring comes on the heels of a downturn in 2024, positioning LVMH to navigate shifting industry dynamics and sustain long-term growth.

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Ulta Beauty tops quarterly results on strong holiday demand for cosmetics, perfumes

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March 13, 2025

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Reuters

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March 13, 2025

Ulta Beauty beat sales and profit expectations for the fourth quarter on Thursday, signaling a robust holiday season as shoppers flocked to its stores for products ranging from cosmetics to perfumes, sending shares up 7% in extended trading.

Ulta Beauty

The beauty retailer, like larger companies such as Walmart and Amazon.com offered discounts during the Thanksgiving period to attract customers who had been saving dollars to splurge during the shopping period.

Ulta’s results starkly contrast those of other beauty companies such as Coty, Elf Beauty,, opens new taband L’Oreal, which have reported softer growth in the U.S. mass beauty market.

Ulta’s fourth-quarter net sales fell 1.9% to $3.49 billion but topped estimates of $3.46 billion.
The company posted a profit of $8.46 per share for the quarter ended February 1, compared to estimates of $7.12 per share.

In January, Ulta named insider Kecia Steelman as the successor to retiring CEO Dave Kimbell amid industry-wide struggles with customers grappling, with concerns of an economic slowdown.

Ulta, however, forecast annual sales and profit below expectations at a time when cosmetics and fragrances could become more expensive due to impending trade policies from U.S. President Donald Trump and the European Union.

The company expects annual sales to be between $11.5 billion and $11.6 billion, compared with analysts’ estimates of $11.67 billion, according to data compiled by LSEG.

Ulta expects annual profit per share to be between $22.50 and $22.90, compared with expectations of $23.47.

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G-III annual sales lift on strong Q4 revenues

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March 13, 2025

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G-III Apparel announced on Thursday a 9.8% increase in sales to $839.5 million in the fourth quarter, capping off a solid year for the New York-based fashion firm, as it focuses on it core brands and transitions out of licensing for Calvin Klein and Tommy Hilfiger.

DKNY

The owner of Karl Lagerfeld, DKNY, and Vilebrequin brands, said net income for the three months grew to $48.8 million, or $1.07 per diluted share, compared to $28.9 million, or $0.61 per diluted share, in the prior year’s fourth quarter.

Annual sales for the 12 months ending January 31 rose  2.7% to $3.18 billion, while net income reached $193.6 million, or $4.20 per diluted share, compared to $176.2 million, or $3.75 per diluted share, in the prior year.

“Fiscal 2025 was an incredible year, marked by robust top and bottom-line growth. Our world-class teams demonstrated strong execution of our strategic priorities, including bringing four new brands to market and driving outsized growth of our owned brands,” said Morris Goldfarb, G-III’s chairman and chief executive officer.

“We delivered record non-GAAP earnings per diluted share of $4.42, a 9% increase over last year and above our expectations, while also expanding gross margins. These results were achieved despite a very challenging operating environment, and I want to thank our global teams for their unwavering efforts.

“We are confident in the power of our brands and business model. We believe the momentum of our key owned brands DKNY, Donna Karan, Karl Lagerfeld, and Vilebrequin will continue to deliver double-digit sales increases. This growth will help offset the reduced sales of our Calvin Klein and Tommy Hilfiger businesses as we transition out of those licenses. Our strong financial position, together with our proven track record, provides us with ample flexibility to invest in our future. G-III is undergoing an incredible transformation, and we are committed to delivering long-term growth and creating shareholder value,” concluded Goldfarb.

Despite the sales growth, G-III said it expects fiscal 2026 sales to  be approximately $3.14 billion, slightly down on this year’s sales of $3.18 billion.
 

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E-commerce firm Allegro expects Poland earnings to rise up to 12% in 2025

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March 13, 2025

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Reuters

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March 13, 2025

Poland’s biggest e-commerce platform Allegro expects its earnings to rise 8%-12% in its home market this year, it said on Thursday, and proposed a share buyback of around 1.4 billion zlotys ($363.95 million).

Reuters

Allegro reported fourth-quarter core profit of 975.2 million zlotys in the Polish market, beating a consensus estimate of 960 million zlotys in a company-compiled poll.

“Customers’ purchases with us grew more than three times faster than Poland’s retail sales as a whole,” CEO Roy Perticucci said in a statement.

Earnings also beat expectations at the group level, helped by narrower losses in the company’s international operations.

Allegro, which has also rolled out its marketplaces in the Czech Republic, Slovakia and Hungary within the last 18 months, said it would pause further launches abroad as it builds shopping frequency.

The share buyback will be put to a vote at its June shareholder meeting, it said.

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