LVMH executive Pierre-Yves Roussel named CEO of Tory Burch fashion brand
The chairman and CEO of LVMH Fashion Group for the past 15 years will start his new role next year, with Tory Burch moving to become executive chairman
Tory Burch, the American fashion brand, said on Tuesday that Pierre-Yves Roussel will become its CEO, starting early in the new year.
Roussel, a long-time LVMH executive, who will be based at Tory Burch’s New York headquarters, will join and report to the company’s board of directors.
In partnership with Tory Burch, the American designer and current CEO of her eponymous brand, Roussel will lead and implement the company’s global strategy with a focus on operations.
“There are very few leaders in the industry who have both a commercial track record and a deep admiration for the creative process,” said Burch, who will assume the role of executive chairman and chief creative officer.
There are very few leaders in the industry who have both a commercial track record and a deep admiration for the creative process [like Pierre-Yves Roussel]
“I respect what he has built at LVMH and value the way he thinks about business, luxury and the fashion industry as a whole.
“He also shares my belief in the importance of a culture-led company.
“We have a strong management team in place and Pierre-Yves is a natural fit as we continue to focus on long-term growth and global expansion.”
Roussel said: “I’m very excited to have the opportunity to join such an iconic lifestyle brand with a unique and authentic identity.
“Under Tory’s leadership, the company has had unprecedented success and is well positioned for long-term growth globally.