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Pfizer is selling some consumer goods divisions to focus on pharmaceuticals and a $58 billion acquisition of Pharmacia.
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Formerly head, dangerous goods division, Department for Transport.
Revenue rose 13percentt for wine and spirits and 10percentt for the fashion and leather goods division.
Starting in what was then called the toilet goods division, Mr. Smale earned his stripes managing Procter & Gamble's new Crest toothpaste brand.
Sales in the fashion and leather goods division increased 22percentto to 1.1 billion euros ($978 million), and sales in the wines and spirits division increased 10percentto to 457 million euros.
Organic sales for the key Fashion & Leather Goods division were flat against our and market expectations of +3%, decelerating from +3% in the fourth quarter and +6% in 2015.
LVMH shares fell more than 3% on Tuesday after the Paris-based group said comparable sales growth at its key fashion and leather goods division had slowed more than analysts expected to 3% in the third quarter, down from 10% in the previous three months.
The company behind Louis Vuitton and Dior said that sales in its high-profile fashion and leather goods division grew by 4% for the first nine months of the year, compared with 5% during the first half – and some analyst forecasts for growth of 10%.
Meantime he is spiffing up the consumer goods division.
The Consumer Goods division includes wine, real estate and logistics, and SK pinx.
Take Yves Carcelle, 52, who heads LVMH's fashion and leather goods division, the group's largest and by far the most profitable operation.
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