LVMH Moet Hennessy Louis Vuitton (Nasdaq:LVMHY), the world's leading luxury goods group, today announced that Didier Suberbielle (HEC), currently International Director at Moet & Chandon, which he joined in 1995, will succeed Jean-Marie Lefevre as President of Pommery.

Commenting on this appointment, Philippe Pascal, President of the Wines and Spirits business group, said: "Pommery is a great Champagne house, which has developed its international appeal and rejuvenated its image over the past five years under Jean-Marie Lefevre. From now on he will dedicate himself to the art world, a field he knows well.

"Didier Suberbielle has worked for five years as Marketing Director and then Commercial Director, on further developing Moet & Chandon, the world's leader in champagne. He now takes up the presidency of Pommery with a very good knowledge of consumers' needs and of the international market."

Jean-Marie Lefevre (Ecole Centrale, INSEAD MBA), President of Pommery since 1995, will assist and report to Pierre Letzelter from now on, in coordinating the management of art and auction activities within the Group.

These appointments are effective as of Oct. 1, 2000.


LVMH Moet Hennessy Louis Vuitton, the world's leading luxury products group, is represented in Wines and Spirits by a portfolio of brands that includes Moet & Chandon, Dom Perignon, Veuve Clicquot Ponsardin, Krug, Pommery, Chateau d'Yquem, Chandon, Hennessy and Hine. The Fashion and Leather Goods division includes Louis Vuitton, Celine, Loewe, Kenzo, Givenchy, Christian Lacroix, Fendi and Pucci. LVMH is also present in the Fragrances and Cosmetics sector with Parfums Christian Dior, Guerlain, Givenchy and Kenzo, and has recently acquired five promising cosmetic companies, Bliss, Hard Candy, BeneFit Cosmetics, Urban Decay and MAKE UP FOR EVER. LVMH is active in selective retailing through DFS, Sephora, Le Bon Marche and Thomas Pink. The Group has established a Watch and Jewelry division comprising TAG Heuer, Ebel, Chaumet, Zenith, Fred, as well as Omas, the prestigious Italian writing instruments company.

Phillips, one of the world's largest auction houses, which has recently teamed up with L'Etude Tajan, also belongs to the LVMH group. Connaissance des Arts and Art & Auction Magazine, two specialized publications, have recently joined the Group.

LVMH has recently launched eLUXURY, the authoritative online source for luxury goods and services on the Internet.

LVMH Moet Hennessy Louis Vuitton ordinary shares, traded on the Paris Stock Exchange, may be accessed on the Reuter Equities 2000 Service under LVMH.PA, on Quotron under LVMHF.EU, and on Bloomberg under MC FP. Its ADRs, each equal to one-fifth of an ordinary share, trade on the NASDAQ National Market System in the U.S.