LVMH Appoints Pietro Beccari as Chair, CEO of Fashion Group

LVMH MC -0.79%decrease; red down pointing triangle named Pietro Beccari as chair and chief executive of its fashion-brands group, adding to his duties as boss of flagship house Louis Vuitton.

The French luxury-goods conglomerate said Tuesday that Beccari will replace Sidney Toledano, who will step down after more than three decades at LVMH.