LVMH Group announced that Giuseppe Oliveri is leaving his role as general manager of Dior China to take over global retail and wholesale at Fendi.
Effective 1 July 2018, Oliveri will return to his homeland Italy, commencing as Fendi’s managing director of retail and wholesale.
Oliveri began his career in banking, before moving into retail with Italian group Benetton, followed by a stint at Stefanel in Hong Kong. From there, he became general manager of Versace’s Asia-Pacific region, before heading over to lead Dior’s Chinese operations in 2015.
The news comes on the heels of several management reshuffles across the LVMH Group fold.
Oliveri’s predecessor, Charles Delapalme, recently left to take over Dior’s commercial activities, a role in which he succeeds Serge Brunschwig, who is now CEO at Fendi, following Pietro Beccari’s appointment at the head of Dior.
LVMH, whose 70 brands range from Dom Perignon champagne to fashion houses like Fendi and Givenchy, said sales rose 11 percent between October and December on a like-for-like basis, which strips out currency swings.
At the time of reporting in January, the French company said demand from Asian shoppers boosted makers of high-end handbags, clothing and watches during 2017, thanks in particular to thriving Chinese demand.
While individual brand results were not disclosed, the firm said operating income for the whole of 2017 stood at 8.29 billion euros ($10.36 billion), up 18 percent from a year earlier.
In Hong Kong, Fendi has more than 200 employees with seven stores in Landmark, Times Square, Pacific Place, Canton Road, Harbour City, DFS Sun Plaza and Elements, according to the French Chamber Hong Kong.
In the Asia Pacific region, Fendi also has locations in Macau, Taiwan, Korea, Singapore, Malaysia, Thailand and Australia. The brand employs over 2500 employees worldwide.