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Luxury brand Fendi unveils new CEO

PARIS — Italian luxury apparel brand Fendi, owned by the LVMH group, said on Monday that Pierre-Emmanuel Angeloglou has been appointed its new chief executive officer (CEO) as of June 1.

The global leader in luxury wear said Angeloglou will succeed Serge Brunschwig who, after six years in post, 'will assume new responsibilities within the LVMH group which will be announced shortly.'