Take two of the handover at LVMH Fashion Group unfurled on Tuesday, further expanding the scope of Pietro Beccari, who will remain chairman and chief executive officer of Louis Vuitton and succeed Sidney Toledano as overseer of a clutch of luxury houses including Fendi, Celine, Loewe, Givenchy, Kenzo, Marc Jacobs, Pucci and Patou.

“Replacing Sidney is very difficult because he has an incomparable track record of experience, and he did the job fantastically in the period he was there,” Beccari said of Toledano, who first became chairman and CEO of LVMH Fashion Group in 2018. “So it’s up to me to try to combine my job at Vuitton and dedicate time to this team and to these brands which have great potential. I will give the best of my experience and the best of my knowledge.”