LVMH Group has announced that Philippe Schaus, Chairman and CEO of leading luxury travel retailer DFS Group, will depart in October to become CEO of Moët Hennessy, the Wines and Spirits Division of LVMH.

Schaus will succeed Christophe Navarre, who leaves Moët Hennessy after a 20-year career within the LVMH Wines & Spirits Division to head the Neptune International investment fund, which he founded.

Bernard Arnault, President of LVMH, said, “I wish to sincerely thank Christophe Navarre for his outstanding work and contribution to the success of LVMH. In less than a quarter of a century, through his leadership, Moët Hennessy has become one of the most iconic and profitable groups of its sector. The creativity of its exceptional brands has made them a true reference model for the wines and spirits industry. I wish Christophe all the best for a successful future.”

Mr. Arnault added, “I welcome the appointment of Philippe Schaus as CEO of Moët Hennessy. During his 14 years with the Group, Philippe was, among other roles, Executive Vice President of Louis Vuitton, contributing to its global success. Since 2012, he has steered the transformation of DFS in terms of stores, product offering and markets to make it one of the most innovative and desirable destinations for the traveling luxury consumer throughout the world. He will be a formidable leader, taking Moët Hennessy to new successes.”

Philippe Schaus said, “It is an honor for me to take up the reins at Moët Hennessy, and to follow in the footsteps of Christophe Navarre. I am also enormously proud to have had the opportunity to lead such an outstanding company as DFS for the last six years. We have achieved incredible successes, transforming our stores, elevating our product assortment and services and expanding our presence around the world. Although I am sorry to be leaving my valued colleagues, whose passion, dedication and pursuit of excellence have made our airport stores and T Gallerias eminent destinations in their own right, I know that the future success of DFS is assured. I also wish to thank all our industry partners from the brand, airport, general retail and professional press community for their outstanding support, without which all our developments would not have been possible.”

The company’s two shareholders, LVMH and DFS co-founder and shareholder Robert Miller, will appoint a new CEO for DFS in the near future.