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Tiffany Top Execs Are Out As LVMH Merger Wraps January 13, 2021 (0 comments)


New York, NY—After a bitterly-fought battle, the Tiffany/LVMH merger is a done deal at last. In its aftermath, three of the jeweler’s top executive team are exiting: CEO Alessandro Bogliolo (image), artistic director Reed Krakoff, and chief brand officer Daniela Vitale.

Related: Tiffany, LVMH Agree To Lower Price

Bogliolo was tapped to lead Tiffany in 2017 following stints at clothing brand Diesel, beauty retailer Sephora, and 16 years at luxury jeweler Bvlgari. Reed Krakoff, who formerly helmed design for mass-luxury brand Coach, also joined in 2017, replacing Francesca Amfitheatrof. And finally, executive vice president/chief brand officer Vitale joined the jeweler early last year from now-defunct luxury retailer Barneys New York.

Anthony Ledru has been tapped as the jeweler’s new CEO, moving over from his current position as executive vice president of global commercial activities for Louis Vuitton. He has a jewelry background, having served in executive roles at Harry Winston, Cartier, and even once before at Tiffany, where he was senior VP of North America for 18 months from June 2013 to December 2014.

No replacements have been announced for Krakoff’s or Vitale’s exact roles, although Alexandre Arnault, former CEO of luxury luggage brand Rimowa, another LVMH brand, has been named Tiffany’s executive vice president, product and communications, effective immediately. Arnault is a son of LVMH chair Bernard Arnault.

Tiffany, one of the jewelry industry’s few publicly-traded companies, delisted from the New York Stock Exchange last week. As of January 7, it moved under the LVMH umbrella instead of trading on its own.

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