Focus

LVMH shakes up leadership at Dior, Louis Vuitton

11 Jan 2023 05:10pm
French luxury group LVMH announced a leadership shuffle, naming a new CEO at flagship brand Louis Vuitton and appointing the daughter of billionaire boss Bernard Arnault atop Christian Dior Couture. - (Photo by OZAN KOSE / AFP)
French luxury group LVMH announced a leadership shuffle, naming a new CEO at flagship brand Louis Vuitton and appointing the daughter of billionaire boss Bernard Arnault atop Christian Dior Couture. - (Photo by OZAN KOSE / AFP)

PARIS - French luxury group LVMH announced a leadership shuffle on Wednesday, naming a new CEO at flagship brand Louis Vuitton and appointing the daughter of billionaire boss Bernard Arnault atop Christian Dior Couture.

Bernard Arnault said the appointment of his daughter Delphine, a top executive at Louis Vuitton, as head of Dior perfume and fashion house is the "continuation of a career of excellence in fashion and leather goods".

Under her direction, the brand was able to "fly from record to record" and her "sharp eye and incomparable experience will be decisive assets in the continued development of Christian Dior", Arnault said in a statement.

She will succeed Pietro Beccari, who will replace Michael Burke as head of Louis Vuitton, the world's leading luxury brand famous for its handbags bedecked with the initials "LV".

Bernard Arnault praised Beccari for his "exceptional work" as head of Dior over the past five years.

"Nobody doubts that he will lead Louis Vuitton towards even greater desirability and success," Arnault said.

Bernard Arnault praised Burke for his "great job" during 10 years at the helm of Louis Vuitton which helped to "widen the gap with our competition".

Burke will take up a new position alongside Bernard Arnault.

Related Articles:

- Family business -

Arnault and his family overtook Tesla and Twitter boss Elon Musk on the Forbes and Bloomberg lists of the world's top billionaires late last year. Forbes put the clan's net worth at $200 billion.

Arnault's five children have top jobs at LVMH.

His eldest son, Antoine Arnault, was named CEO of holding company Christian Dior SE, which controls LVMH, in December. He holds other positions within the group.

Alexandre Arnault is an executive vice president at jewelry brand Tiffany while his brother Frederic is CEO of watch maker Tag Heuer.

Another son, Jean Arnault, is watch development and marketing director at Louis Vuitton.

LVMH boasts more than 75 brands, including fashion firm Kenzo and champagne maker Moet & Chandon.

The group reported a net profit of 6.5 billion euros ($7 billion) in the first half of 2022, a 23-percent jump from record earnings in the same period the previous year.

Sales rose 28 percent to 36.7 billion euros. - AFP

Louis Vuitton
Dior
More Like This
People walk at the the Hasan Sham camp for internally displaced persons from northern areas of Iraq, some 40 kilometres west of Arbil, on September 17, 2024. Iraq, marred by decades of war and turmoil even before the rise of IS, is home to over a million internally displaced people, and after closing most of the camps in federal Iraq, around 20 remain in the autonomous Kurdistan region, which according to the United Nations house more than 115,000 displaced people. However, returning to their villages remains a difficult task for many. (Photo by Safin HAMID / AFP)
People walk at the the Hasan Sham camp for internally displaced persons from northern areas of Iraq, some 40 kilometres west of Arbil, on September 17, 2024. Iraq, marred by decades of war and turmoil even before the rise of IS, is home to over a million internally displaced people, and after closing most of the camps in federal Iraq, around 20 remain in the autonomous Kurdistan region, which according to the United Nations house more than 115,000 displaced people. However, returning to their villages remains a difficult task for many. (Photo by Safin HAMID / AFP)
World Iraqis face tough homecoming a decade after IS rampage
There's the risk of ostracism by neighbours or tribes for their perceived affiliation with IS atrocities, potential arrest at a checkpoint by federal forces or even a second trial.
No Image Caption
World Off-the-beaten-path travel increases among Chinese thrill seekers
A Beijing local, joined the ever-swelling ranks of Chinese travelers who opt for tucked-away places and corners that have not yet been splashed across every travel guide in a quest for more special and personal experiences.
This photo taken on November 17, 2024 shows children holding candles during the celebrations of the Kalaw fireworks festival in Kalaw township, Myanmar's Southeastern Shan State. (Photo by Sai Aung MAIN / AFP)
This photo taken on November 17, 2024 shows children holding candles during the celebrations of the Kalaw fireworks festival in Kalaw township, Myanmar's Southeastern Shan State. (Photo by Sai Aung MAIN / AFP)
World Nearly 40 per cent of 3.4 million displaced in Myanmar are children - UN
Myanmar has been in turmoil since the military deposed Aung San Suu Kyi's elected government in 2021 and launched a crackdown that sparked an armed uprising against the junta's rule.
Photo for illustration purpose only. - Illustrated via Canva
Photo for illustration purpose only. - Illustrated via Canva
World Titanic captain's watch sells for over US$2 million
Aldridge said the sale demonstrated the "enduring fascination" with the story of the Titanic.