Alexandre Arnault, son of LVMH chairman and CEO Bernard Arnault, will leave his function as CEO of luxury baggage producer Rimowa – additionally a half of LVMH – to turn out to be Tiffany & Co.’s government vice-president of product and communication. Arnault’s new place largely replaces the function of Daniella Vitale, who will go away Tiffany slightly over a yr after being named as its executive vice-president and chief model officer. In a statement launched on its web site, LVMH administration expresses “surprise” at Tiffany & Co.’s legal submitting within the US, calling it “totally unfounded” and “communicated in a deceptive method to shareholders and… defamatory”.
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