Longtime LVMH executive Pierre-Yves Roussel is to become chief executive officer at Tory Burch in early 2019.
Roussel left his role as chairman and ceo of LVMH Fashion Group earlier this year, and was initially said to remain with the group as a special adviser to LVMH chairman and ceo Bernard Arnault.
Roussel has been linked romantically to Burch for years. They announced their engagement in 2016 and were finally married only weeks ago at Burch’s Antigua estate, the ceremony and party capped off with fireworks.
Burch recently tightened her control on the company after she and other investors bought out Mexico City-based private equity firm Tresalia Capital.
The move effectively boosted the ownership stakes held by the designer and investment firms General Atlantic and BDT, the company’s major shareholders. WWD broke the news exclusively on Nov. 26.
Burch herself has held the title of chairman and ceo at her eponymous company, established in 2004. She will now hold the titles of executive chairman and chief creative officer.
A management void opened recently with the exit of John Mehas, who held the position of president for the past two years. He recently left to become ceo at ailing lingerie retailer Victoria’s Secret.
As head of LVMH Fashion Group, Roussel oversaw the fashion houses Celine, Givenchy, Kenzo, Loewe, Marc Jacobs, Pucci, Rossi Moda and Nicholas Kirkwood. He is probably best known for recruiting Phoebe Philo for Celine, Jonathan Anderson for Loewe and retailers Carol Lim and Humberto Leon of Opening Ceremony for Kenzo.
He started his career as a financial analyst and also worked at consultancy McKinsey & Company, which put him in touch with the French luxury giant.