LVMH is making changes at the top at two of its jewelry brands, Fred and Chaumet.
Charles Leung (pictured), who has been CEO of Fred since 2018, will take over as CEO of Chaumet on Jan. 1, 2024. Leung had worked at Chaumet from 2006 to 2018, serving as managing director for the Asia-Pacific region and, later, vice president of international sales and distribution.
Leung will succeed Jean-Marc Mansvelt, who has headed Chaumet since 2014 and will move to LVMH-owned footwear brand Berluti. A new CEO for Fred has not been announced.
At Berluti, Mansvelt replaces Antoine Arnault, son of LVMH chairman Bernard Arnault. Antoine will remain Berluti’s chairman, as well as chair of LVMH-owned fashion house Loro Piana and head of LVMH’s image and environment department.
In a statement, Stéphane Bianchi, CEO of LVMH’s watch and jewelry division, hailed Leung and said that under his leadership, Fred “consolidated its unique positioning within LVMH jewelry brands and experienced a strong and healthy growth, opening new markets while developing a qualitative retail network.”
Bianchi also said that Mansvelt “took Chaumet to an unparalleled level and positioned the maison as a real ‘choice of distinction’ within the greatest jewelers of the Place Vendôme.”
(Photo by Rüdy Waks/courtesy of LVMH)