LVMH Reinstates Michael Burke to lead Americas as focus shifts West
Once thought to be easing into retirement, Burke's return underscores LVMH's strategic pivot toward the U.S., which accounted for 25 percent of its 84.7bn euros revenue in 2024. With China's luxury market slowing and Europe softening, the U.S. has regained primacy despite ongoing geopolitical uncertainty.
Burke will now manage regional leads Anish Melwani and Davide Marcovitch, and has also been named non-executive chairman of Tiffany & Co. The move, first reported by WWD, signals both continuity and a renewed U.S. push.
'Throughout our close and fruitful collaboration, Michael has perfectly incarnated the values of our group,' Bernard Arnault, chairman and CEO of LVMH, stated in the announcement. 'His outstanding leadership helped to continuously elevate the desirability and craft of the whole industry to new heights.'
In parallel, Daniel DiCicco was appointed President and CEO of Louis Vuitton China in April, as LVMH doubles down on leadership in both key regions.
Burke's reinstatement could prove prescient. His deep understanding of the American consumer, instinct for brand positioning, and direct line to Arnault offer LVMH a steady hand as it navigates rising tariffs, cultural shifts, and ambitious retail expansion. At a time when luxury brands are recalibrating for a more volatile global market, placing a seasoned operator in its second-largest territory may be the group's smartest bet on stability and growth.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Mirror
5 hours ago
- Daily Mirror
Huge car brand returning to the UK selling all EV line-up only available in four countries
The legendary manufacturer's return to Great Britain signals the accelerating evolution of the automotive industry, with petrol-guzzling muscle cars making way for emission-free automobiles An iconic name in the automotive world is making a clean break from its past and gearing up for a major return to the UK market following an eight-year absence. American luxury brand Cadillac, which has long been associated with big V8s and bold design, will be offering a lineup of fully electric vehicles when it relaunches on British soil. Cadillac's return is a bold move by General Motors (GM), which established its European headquarters in Zurich back in 2021 as part of a renewed continental push. The first UK-bound model will be the Cadillac Lyriq, a premium all-electric SUV retailing at around £68,000, that has so far only been available in Switzerland, France, Sweden and Germany. It comes after UK drivers were warned over 'avoiding' road instead of having to follow new rule. According to CEO of GM Europe, Pere Brugal, the brand will focus solely on electric vehicles, with the UK being one of its key markets going forward. He told Autocar: "It is one of the [markets] that we're focusing on right now." While the UK release date hasn't yet been revealed, the CEO did confirm the Lyric will be available soon after final testing is completed in Ireland, and that Cadillac is aiming to launch in the UK with at least two models. But Mr Brugal declined to confirm which ones will be joining the Lyriq, saying: "We want to make sure we launch not only with one model portfolio. We want to make sure we launch with at least a two-model portfolio." The specifications of the Lyriq are impressive — the entry-level version offers a range of around 330 miles and generates 520bhp. Those wanting an extra boost can choose the performance-focused top-tier model, which increases power to 606bhp. However, as Mr Brugal pointed out, launching in the UK is not just about shipping cars across the Atlantic. The ability to import Cadillac's growing portfolio will depend heavily on the alignment of emission regulations and safety standards between the US and Europe. "If the regulations between the US and Europe harmonise, it will make our life easier," he explained. "We will bring a lot of benefit to the final customer, because that will increase the range of options.' He also noted the possibility of designing a bespoke GM model specifically for European tastes. Unlike previous Cadillac ventures in the UK, the relaunch will eschew traditional dealership networks. Instead, the all-electric models will be sold using an online-based model, supported by pop-up 'experience' centres inviting customers to see, drive and configure their cars. This strategic attempt to modernise the buying experience mirrors the approach used by other EV manufacturers such as Polestar. As the Lyriq prepares to hit UK roads, Cadillac's all-electric resurgence signals not just the return of an iconic brand, but also the accelerating evolution of the automotive industry, with tradition giving way to innovation and petrol-guzzling muscle cars making way for emission-free automobiles.
Western Telegraph
6 hours ago
- Western Telegraph
Aldi's August Specialbuys: Air Fryer, designer pet bed & more
From its returning sell out air fryer and designer pet bed, to the Marine Skincare Collection and Benefit mascara dupe, Aldi has it all this month. So you don't miss out on any of Aldi's Specialbuy deals, we have rounded them all up for you, along with the launch dates. Simple ways to shop sustainably and save money Aldi Specialbuys available in August Designer pet bed Aldi is set to launch its own exclusive designer pet beds in August, as part of its returning Pet Range. The new luxurious William Morris Pet Bed offers a "cosy spot for pampered pets to curl up and relax in style". The pet bed will go on sale as part of Aldi's Specialbuys from August 14, priced at £19.99 (less than half the price compared to luxury brand Morris & Co), and will be available in a choice of colours - green, brown or blue. Aldi said: "It combines the timeless charm of William Morris designs with ultimate comfort, adding a touch of elegance to any home." The supermarket giant is also set to release a new Scented Plush Dog Toy (£2.99) as part of its August Pet Range. Designed to avoid the unwelcome odours and "provide a stimulating play experience", the new toy comes in several different designs, including a turtle, octopus and starfish, as well as a range of scents such as rose, lavender, strawberry, or vanilla. Aldi is set to release new scented plush dog toys as part of its Specialbuys this month. (Image: Aldi) Aldi's bestselling Snuffle Toy (£3.49) will also be returning as part of its August Specialbuys. Aldi's Pet Range will be available from August 14, and will also feature: Pedigree 40pk Dog Pouches - £12.49 Suet Ball/Suet Nugget Tubs - £5.15 Purina One Chicken/Salmon (800g) - £4.95 Harrington's Dry Dog Food 1.7k (Lamb/Turkey) - £4.29 Pigs Ears & Chicken Feet - £3.99 Plush Rope Dog Toy - £3.49 Dreamies 200g Cheese/Chicken - £2.99 Pet Lick Mat - £1.79 Wagg Chews Steak Twists/Fish Fingers - £1.65 Pedigree Biscuits Biscrok/Markies - £1.39 Sell out Air Fryer Aldi launched its Kitchen Essentials range in middle aisles across the UK on Thursday (July 31). Its sell out Dual Zone Air Fryer (£59.99) makes a return as part of the latest Specialbuys range, helping shoppers save £170 in comparison to the leading brand Ninja. Is it cheaper to cook with an air fryer or oven? There is also a High-Speed Blending Set (£14.99), a Mini Food Chopper (£9.99) and Aldi's gorgeous pastel Classic Kettle and Toaster (£19.99) as part of the Kitchen Essentials range. You can see the full Kitchen Essentials range via the Aldi website. Benefit Bad Gal Mascara dupe Beauty lovers can look forward to standout lashes this summer, as Aldi's cult-favourite Girl Gone Bad Mascara, which is a dupe of Benefit Bad Gal Mascara dupe, returns to stores. The popular mascara is available now, while stocks last, along with several other makeup and beauty products: Lacura's Perfect Skin Tint (30ml) - £4.99 Lacura Luminous Lip Oil (10ml) - £3.99 Sculpting Brow Gel and Pencil - £3.40 Lacura Gentle Almond Shower Oil (200ml) - £4.99 Lacura Nourishing Almond Body Lotion (200ml) - £4.99 Lacura Almond Exfoliating Body Scrub (200ml) - £4.99 Marine Skincare Collection Aldi's highly anticipated Marine Skincare Collection is back. RECOMMENDED READING: The skincare collection, which returned to stores on July 31, features a range of Lacura products, including everything from day cream and facial oil to moisturising essence and facial cleanser. Lacura lovers flooded social media upon the collection's release last time, praising the "expertly curated" products for their transformative effects. There is a new addition to the Marine Skincre Collection this time, with Aldi launching the new Lacura Cleansing Balm.
Scottish Sun
8 hours ago
- Scottish Sun
Dragon's Den star stripped of MBE after judge slams high-flyer as ‘selfish & untrustworthy' over £200k in unpaid bills
Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A FORMER Dragon's Den star has been stripped of her MBE after refusing to pay £200,000 in legal fees. Julie Meyer was slammed by a judge for being "selfish" after she failed to pay her lawyers or attend court hearings. Sign up for Scottish Sun newsletter Sign up 4 Julie Meyer from Dragons Den Online 4 Julie starred on Dragon's Den online in 2009 Credit: BBC 4 Julie Meyer on Dragon's den Online Credit: BBC In 2022, the 58-year-old venture capitalist became embroiled in a legal row with law firm Farrers & Co. She claimed she had received a poor service and refused to pay £197,000 after they represented her during a case in Malta. An arrest warrant was issued for the entrepreneur after she failed to turn up to court and provide documents for the case. Meyer claimed she was unable to travel from Switzerland as she was suffering with conjunctivitis and didn't have a Covid vaccine. But it was decided her reasoning was insufficient to avoid attending hearings in person. Meyer was later slapped with a six-month sentence after she was ruled to be in contempt of court. And last night, the Cabinet Office revealed that the businesswoman had been stripped of her MBE. Her name appeared on a recently updated list of shamed individuals who have forfeited their honours since 2023. Disgraced former Post Office CEO Paula Vennells also features on the list, after she was formally stripped of her CBE by the King. She had already committed to relinquish the gong following fury at her role in the Horizon postmaster scandal. The document said that Meyer's gong had been taken away after she brought "the honours system into disrepute". She was awarded the MBE in 2012 for services to entrepreneurship. Sara Davies breaks silence on shock Dragon's Den exit as star says she struggled to 'juggle' her busy career Meyer was chosen to star on the online version of Dragon's Den in 2009. After her appearance on the BBC Two show, she was appointed as David Cameron's Government a year later. She has previously supported huge tech brands such as and Skype. Handing her the six-month suspended sentence three years ago, Mr Justice Kerr slammed Meyer as "selfish and untrustworthy". He added: "I am satisfied there is every prospect that the defendant will continue to flout orders of the court unless coerced into obeying them." Later the same year, Meyer lost an appeal to overturn her suspended prison sentence. Three disgraced former submarine captains were also stripped of their OBEs by the King. Top brass urged ministers to withdraw the prestigious gongs from the trio over sex and bullying scandals. One had made an X-rated film on HMS Victorious and a second, nominated for an OBE during his misconduct probe, licked a female officer's ear, blew on her neck and punched her on HMS Vigilant. The third was found guilty of bullying on nuclear-powered attack sub HMS Trenchant. All three were commanders — James Bond's rank — and led crews of more than 130. The Navy asked the Cabinet Office Forfeiture Committee to strip the men of their awards and King Charles gave final approval. Last year, Grime artist Wiley was stripped of his MBE after he posted anti-Semitic comments on social media. In 2020, he made a string of shocking comments on Twitter, branding Jewish people "too touchy," and saying Israel "is not yours." The Met confirmed they were investigating the tweets after he was dropped by his manager and banned from the website.
