LVMH’s Head of Selective Retailing Is Set to Leave Luxury Group

The head of LVMH’s business unit that operates the Sephora beauty chain and Parisian department stores is set to leave the luxury group, according to people familiar with the matter.

The departure of Chris de Lapuente, who oversees the selective retailing division of LVMH Moët Hennessy Louis Vuitton SE, is likely to be announced this week, the people said. It’s unclear why the UK-born executive is leaving.