Amandine Ohayon is taking the helm at Givenchy. Starting tomorrow, January 9, 2026, she will succeed Alessandro Valenti and report to Pietro Beccari, Chairman and CEO of LVMH Fashion Group and Chairman and CEO of Louis Vuitton.
At the same time, the French luxury giant announced that Valenti will serve as the new Deputy CEO in charge of commercial operations at Christian Dior Couture, effective January 12, 2026. The Italian executive will report to Pierre-Emmanuel Angeloglou, Deputy CEO of Christian Dior Couture, and will join the executive committee. Valenti was appointed Managing Director of Givenchy in July 2024.
A Strategic Transition for the Fashion Houses
“Alessandro has demonstrated exceptional determination and efficiency in managing Givenchy’s transition phase,” said Sidney Toledano, who served as Chairman and CEO of LVMH Fashion Group for many years and is now a special advisor to Bernard Arnault, CEO of the LVMH Group, in a statement. “ As a result, the house is now optimally positioned to capitalize on its renewed organizational structure, thereby fostering future growth. I am very pleased to see Amandine join Givenchy and continue the development of this ambitious project alongside Sarah Burton (Creative Director since 2024, ed.). ”
“Thanks to her unique ability to collaborate with the most creative talents, combined with inclusive leadership and solid expertise in retail, I am convinced that Amandine will play a key role in further accelerating the new chapter of growth for Givenchy, an iconic house of French haute couture,” commented Beccari.
“I am certain that Alessandro will make a significant contribution to our retail and digital performance, thanks to his vision, his experience within the group, and his ability to engage teams in tackling business challenges, at a particularly exciting and ambitious time for Christian Dior Couture,” added Pierre-Emmanuel Angeloglou.
Crossing Paths at LVMH
Ohayon began her career at LVMH in 1998, initially in the retail and events department at Christian Lacroix in New York. In 2000, she joined L’Oréal, first as general manager for luxury beauty brands, then in 2014 as general manager of the luxury division for the United Kingdom and Ireland. In 2018, she was appointed CEO of Pronovias, and since 2023, she has led Stella McCartney.
Valenti began his career in Italy in 1995 as a financial controller at Bull. He then joined the Carrefour Group. In 1999, he became global director of retail sales and operations at Versace, before being named executive vice president of retail at Giorgio Armani in 2004. In 2011, he was promoted to senior vice president of retail at Ralph Lauren. He joined the LVMH Group in 2014 as CEO of Louis Vuitton.
Financial Context
The French giant’s revenue rose by 1% at constant exchange rates in the third quarter of 2025, reaching 18.3 billion euros, while year-over-year, the company’s revenue fell by 4.2%. The group generated revenue of 58.1 billion euros during the first nine months of 2025, down 4% at current exchange rates and 2% at constant exchange rates compared to the same period of the previous fiscal year. The Fashion & Leather Goods division saw its revenue decline by 8% at current exchange rates (-6% at constant exchange rates) during the first nine months of 2025, with an improvement in the third quarter (-2% at constant exchange rates).