
Delfina and Antoine Arnault take on great responsibilities in the multi-collector fashion and luxury house LVMH, with the blessing of their father, Bernard Arnault. And it comes amid a leadership change in the French group, where patriarch Bernard Arnault, now the world’s richest man, appears to be laying the groundwork for his succession. He and his family have a net worth of $201.1 billion, according to Forbes, according to moneyreview.gr. Delphine Arnaud, 47, will now act as a managing consultant at Dior (Christian Dior), the group’s second largest company, which she has joined since 2001. She will replace Pietro Beccari, promoted to the post of head of Louis Vuitton. , i.e. the largest brand of the group bearing the same name. In turn, Italian Pietro Beccari will replace Michael Burke, Arno’s loyal partner, who is expected to take on a new role.
Bernard Arnault’s daughter, Delphine, becomes the new CEO of Dior, while his son Antoine takes on more responsibilities in the group.
However, the role of his eldest son, Antoine, 45, has also risen, with him now taking on more responsibilities across the spectrum of LVMH activities. He becomes CEO and Vice President of Christian Dior SE, the holding company through which the family controls the LVMH group. At the same time, he will continue to lead the image and communications department of LVMH Moet Hennessy Louis Vuitton and manage the Berluti footwear company. He will also continue as non-executive chairman of luxury woolen goods company Loro Piana. It is worth noting that all five of Bernard Arnault’s children from his three marriages work in the group. Among them is Alexander, who has been heading the product and communications department at Tiffany & Co. for about two years. Frederic is the head of the Swiss watch company Tag Heuer, and Jean Arnault is involved in the development of the Louis Vuitton watch division. Certainly, these administrative decisions, according to moneyreview.gr, will revive the interest of the Parisian fashion world in the favorite topic of gossip about Arno’s succession to the throne. The point, however, is that the creator of the haute couture and luxury goods empire is not going to curtail production. For example, the LVMH group recently raised the age limit for the CEO, allowing Bernard Arnault to remain in office until he is 80, when he is now 73. Let’s not forget the evergreen Warren Buffett, now in his 90s.
However, based on current data, the balance seems to be tipping in favor of his eldest son, Antoine, who has studied brilliantly in France and Canada in business administration. Finally, it’s worth noting that he was responsible for a recent Louis Vuitton ad featuring Cristiano Ronaldo and Lionel Messi playing chess, photographed by famed photographer Annie Leibovitz.
Source: Kathimerini

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