Daniel Piette, chairman of LVMH Investment Funds, joined the France-based luxury goods maker in 1990 as executive vice-president before heading its L Capital corporate venturing unit for western markets and L Capital Asia for the east.
In March, L Capital raised €400m ($600m) for its latest fund, beating the original €350m target for this third fund as the majority of money came from outside investors. The firm has offices in Paris, Milan and Madrid.
Piette said: “Working in partnership with management teams and drawing on the worldwide resources and expertise of the LVMH Group and L Capital Asia – a sister fund focused on Asia, with offices in Singapore, Mumbai and Shanghai – L Capital Management’s goal is to develop worldclass brands and retail businesses benefiting from growing global consumption trends.”
He is a member of the LVMH executive committee. Born in France in 1945, Piette graduated from Essec Business School 1969 and with an MBA from Columbia Business School. He is a chevalier in the French Legion of Honour.
