Mark Weber Named CEO of LVMH, Inc. and Chairman & CEO of Donna Karan International.

NEW YORK -- LVMH MoE1/2t Hennessy Louis Vuitton ("LVMH"), the world's leading luxury products group, today announced that Mark Weber has been appointed CEO of LVMH, Inc. (U.S.) and Chairman and Chief Executive Officer of Donna Karan International ("DKI"). Mr. Weber will also have operational responsibility for Thomas Pink worldwide and has been named a member of the LVMH Group executive committee.

Bernard Arnault, Chairman and CEO of LVMH said, "Donna Karan is an iconic brand in the United States, with great potential to grow around the world. We are committed to building DKI and look forward to its success in the years to come. Mark Weber brings a breadth of brand development and operational skills that will be invaluable to DKI as it focuses on growing its sales and profitability."

Donna Karan, DKI's Founder and Chief Creative Director, said, "We have built the Donna Karan International brand, designed by a woman who understands women and her families' needs, from day to night, inspired by the city and its energy, through fashion that embraces function and fantasy. With the support of LVMH and the benefit of Mark Weber's experience, I believe we can take DKI to the next level of growth and success as a fashion leader around the world."

Mr. Weber said, "The Donna Karan brand is a leader in American fashion, and the opportunity to put my experience to use at DKI is enormously exciting. I look forward to working with Donna, an icon of the American fashion industry, and the whole DKI team. I am also extremely pleased to join LVMH and contribute to its growing success in the U.S. market."

At DKI, Mr. Weber succeeds Jeffry Aronsson, who has been President & CEO since November 2003. Antonio Belloni, LVMH Group Managing Director, said, "We thank Jeffry for his dedication and contributions to the Donna Karan brand and wish him success in his future endeavors."

In his role at LVMH, Inc., Mr. Weber will look for strategic opportunities for LVMH in the U.S. market and oversee the centralized functions supporting the Group's U.S. operations, which have grown very substantially in recent years. He will also have global responsibility for the Thomas Pink brand, bringing to bear his extensive experience in the shirt business.

Mark Weber's Background

Mr. Weber, 57, spent more than 30 years at PVH, one of the world's largest apparel companies, where he held positions of increasing responsibility in areas including product development, marketing, and licensing, serving most recently as CEO. During his career there, he spent seven years as President and Chief Operating Officer, overseeing all of the operations of the company. Following PVH's 2003 acquisition of Calvin Klein, Mr. Weber was responsible for its highly successful integration into PVH and the expansion of the multi-tier brand during a period of notable strategic and profitable growth. He was also instrumental in the integration and development of IZOD following its acquisition in 1995.

Mr. Weber holds a B.A. from Brooklyn College, City University of New York. He is married and has two sons.

About LVMH

LVMH MoE1/2t Hennessy Louis Vuitton is the world's leading luxury goods group. The Group is represented in Wines and Spirits by a portfolio of brands that includes MoE1/2t & Chandon, Dom Perignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Chateau d'Yquem, Chandon Estates, Hennessy, Glenmorangie, Belvedere and Chopin. Its Fashion and Leather Goods division includes Louis Vuitton, the world's leading luxury brand, as well as Celine, Loewe, Kenzo, Givenchy, Thomas Pink, Fendi, Emilio Pucci, Donna Karan, Marc Jacobs, Berluti, StefanoBi as well as eLUXURY, the authoritative online source for luxury goods on the Internet. LVMH is present in the Perfumes and Cosmetics sector with Parfums Christian Dior, Guerlain, Parfums Givenchy, Parfums Kenzo, Perfumes Loewe as well as other promising cosmetic companies (Benefit Cosmetics, Make Up For Ever, Acqua di Parma and Fresh). LVMH is also active in selective retailing through DFS, Sephora in Europe and the United States, Le Bon Marche and La Samaritaine. LVMH's Watches and Jewelry division comprises TAG Heuer, Chaumet, Christian Dior Watches, Zenith, Fred, the prestigious Italian writing instruments company of OMAS and De Beers LV, a joint venture created with the world's leading diamond group.