Italian luxury apparel brand Fendi, owned by the LVMH group, said on Monday that Pierre-Emmanuel Angeloglou has been appointed its new CEO as of June 1. The global leader in luxury wear said Angeloglou will succeed Serge Brunschwig who, after six years in post, "will assume new responsibilities within the LVMH group which will be announced shortly.

Fendi gets a new CEO: Meet Pierre-Emmanuel Angeloglou

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Fendi gets a new CEO: Meet Pierre-Emmanuel Angeloglou