PARIS (Reuters) -Silvia Venturini Fendi is stepping down from LVMH label Fendi and becoming honorary president of the fashion house, the French luxury group said on Monday.
The group said that new creative direction for the label will be announced “in due time.”
The departure from the creative direction role of a representative of the third generation of the Fendi family at the brand comes as high-end fashion houses across the industry undergo a creative revamp aimed at reviving sales amid a prolonged luxury slump.
(Reporting by Mimosa SpencerEditing by Tomasz Janowski)
