Yves Carcelle, the man credited with turning Louis Vuitton into the world’s biggest luxury brand by revenue, died on Sunday, Louis Vuitton parent LVMH said.
Carcelle, an energetic, self-made man who headed Louis Vuitton for more than two decades until 2012, died of cancer. He was 66 years old.
His death comes as LVMH is working hard to revive Louis Vuitton by moving it upmarket after sales growth plummeted in the past two years.
“A tireless traveller, Yves was a pioneer … Always curious, passionate and in motion, he was one of the most inspiring leaders of men and women whom I have ever had the privilege of knowing,” LVMH Chief Executive and founder Bernard Arnault said in a statement on Monday.