Fendi Appoints Pierre Angeloglou As Its New CEO

On Monday, Italian luxury apparel brand, Fendi, owned by the LVMH group announced the appointment of Pierre-Emmanuel Angeloglou as its new CEO starting June 1.

The global leader in luxury wear made it known that Angeloglou will take over from Serge Brunschwig who, after six years in post, “will assume new responsibilities within the LVMH group which will be announced shortly.”

LVMH announced the news in a press release to confirm information from the specialized site Women’s Wear Daily (WWD).

Angeloglou remains managing director of LVMH Fashion Group, which brings together groups of brands including Celine, Givenchy, Loewe, Kenzo, Marc Jacobs, Patou, Pucci, and Rossimoda).

Bernard Arnault, LVMH CEO, said the group  “would like to thank Serge for his contribution to the significant growth of Fendi since 2018.”

LVMH rarely reveals the turnover of its 75 brands such as Louis Vuitton, Dior, Celine, and Guerlain

During an annual results presentation in January, Arnault indicated, however, that “Fendi is continuing its momentum”.

“The next growth drivers for fashion leather goods are, in order of importance, Vuitton, Dior, Celine, Fendi, etc,” commented LMVH financial director Jean-Jacques Guiony during a conference with financial analysts.

The Fendi brand was created in 1925 in Rome.

In 1965, the brand recruited Karl Lagerfeld, then a young German designer.

He created the brand’s logo — two Fs, one inverted — and remained as artistic director until he died in 2019.

In 2001, LVMH became the majority shareholder of the brand.