The Luxembourger Philippe Schaus, 54, was appointed at the head of Moët Hennessy.
He is the former CEO of LVMH subsidiary DFS, a luxury travel retailer, which operates 13 duty-free shops in international airports, is heading towards the renowned wine and spirits department. While he was based in Hong Kong, Mr. Schaus also held the honorary position of Foreign Trade Counselor for Luxembourg.
Sales of its Moët & Chandon, Krug, Veuve Clicquot, Hennessy, Château d’Yquem and Château Cheval Blanc products among others generated €4.9 billion in revenue in 2016.
The Luxembourg native, a graduate of the INSEAD business school, who became a banker in 1987 at JP Morgan, will now be in charge of those brands’ management