LVMH Announces Changes in Watch, Jewelry Divisions

LVMH logoParis—LVMH said Monday that its watch and jewelry divisions will now be run as two separate businesses following the departure of Francesco Trapani who had been president of LVMH jewelry and watches.

Trapani, who had been at the held of the division since 2011 ushering in Bulgari into the LVMH fold, will leave his position on March 1 but will remain as an advisor to Chairman/CEO Bernard Arnault.

Jewelry brands Bulgari, Chaumet, Fred and De Beers will be run by Antonio Belloni, LVMH’s managing director. While Jean-Claude Biver, president of Hublot, will also oversee the group’s other watch brands, Tag Heuer and Zenith.

“Over the past three years, Francesco has successfully completed the integration of Bulgari, this prestigious brand within our group,” Arnault said in a statement. “I am delighted that I will continue to be able to draw on his wisdom and advice in the years ahead.”

Trapani will remain a member of the group’s board of directors, LVMH said.

Arnault also credited Biver with helping to revive Hublot. “I am also delighted that Jean-Claude Biver has agreed to lead our watchmaking activities. His experience and achievement within this sector speak for themselves, best illustrated by the remarkable success of Hublot,” Arnault said. “I am convinced that his entrepreneurial talent and creativity will add significant momentum to our other brands in the sector.”

 

 

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Jeff Prine, Editor at Large, Accessories Magazine
Jeff returns as a regular contributor to Accessories magazine. Initially Jeff worked as senior editor at Accessories more than 20 years ago and his love of the industry has followed him until present. Since his tenure here, Jeff has continued to report jewelry, watch and other luxury goods trends as executive editor at Modern Jeweler magazine, fashion director at Lustre, and as contributor on products and trends for consumer and trade publications and websites. In addition to his editorial experience, Jeff also served as an adjunct instructor for accessories merchandising at Fashion Institute of Technology. jeffp@busjour.com

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