LVMH’s group managing director Toni Belloni will step down, the company said on Thursday, with Stephane Bianchi taking over his operational functions, in a rare top management reshuffle at the world’s biggest luxury group.
Bianchi will chair the group’s executive committee, and, alongside Bernard Arnault, take up strategic and operational supervision of the group’s labels, the company said.
Bianchi, who joined LVMH in 2018, has moved up…