Pietro Beccari, chairman and chief executive officer at Louis Vuitton , is to take on additional responsibilities at the world’s largest luxury group and also become chairman and CEO of the LVMH Fashion Group effective Jan. 1, 2026.

He succeeds Sidney Toledano, who “has decided to step down from his operational role,” LVMH said in a brief press release Tuesday morning.

Toledano is to remain a special advisor to Bernard Arnault, chairman and CEO of LVMH Moët Hennessy Louis Vuitton .

“I would like to warmly thank Sidney Toledano, who has been by my side for over 30 years and has always been present, in all circumstances, with determination, talent, and loyalty,” Arnault commented.

“After a rich decade of leading Dior and Louis Vuitton , I am delighted that Pietro Beccari has also a

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