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Louis Vuitton names new CEO from 2012

Luxury giant Louis Vuitton has announced this week its long time CEO Yves Carcelle will be replaced at the end of 2012 by Jordi Constans, formerly Executive Vice President of Fresh Dairy products at French food conglomerate Danone

During his twenty year career at Louis Vuitton, Yves Carcelle has been not only one of the most respected luxury executives internationally but also one of the most successfull top executive in luxury, worldwide, being instrumental in Vuitton’s tremendous growth and expansion worldwide. Vuitton is one of the few international luxury brands which have weathered the financial crisis without being affected, on the contrary, posting constant double digit growth worldwide in the past 3 years.

Carcelle has taken Vuitton all around the world, from Mongolia, India to Lebanon and Brazil. He has also overseen exceptional projects such as the first ever Vuitton airport store, which opened last week at Incheon Seoul International Airport and the first island Vuitton store (Vuitton Island Maison) which will be inaugurated today at the Marina Bay Sands in Singapore.

Although in the works for a while, the management change at Vuitton has come as a surprise and many have linked it with the anticipated creative direction change at Vuitton, designer Marc Jacobs having been in formal discussions to take over at Christian Dior since last week. Rumours indicate British designer Phoebe Philo, presently at the helm of Celine (also owned by LVMH) as the most likely successor to Jacobs at Louis Vuitton. This would mark an important creative direction change from Jacobs’ lavish luxury style to Philo’s minimalist style characterized by understated luxury.

adapted from WWD and Reuters