A new glance at LVMH

While Bernard Arnault could remain at the head of LVMH up to 85 years, the luxury giant announced a series of appointments, including that of one of his sons, Frédéric, until then at the head of a group’s watches division. © Nathan Laine/Bloomberg/Getty Images – Frédéric Arnault is appointed head of the Italian brand of Loro Piana.

Save save Receive LVMH alerts for change within LVMH. Not at the head of the group where Bernard Arnault could stay for a long time, but on different levels. Indeed, as Boursorama learned, one of the sons of Bernard Arnault, Frédéric, will be appointed Managing Director of Loro Piana, an Italian brand specializing in cashmere, vigogne and extrafine wool. At 30, the one who was CEO of Tag Heuer and then at the head of a new division of the world number one luxury number, will succeed Damien Bertrand. The last deputy director of Louis Vuitton and will become a member of the LVMH executive committee in January 2026. For his part, Frédéric Arnault will take office on June 10. This appointment is far from surprise since the Loro Piana brand was bought by LVMH in 2013 and is chaired by Antoine Arnault, his brother. According to our colleagues, Frédéric Arnault will have to refer to Toni Belloni, president of LVMH Italy. Read also: Paris FC: How the sons Arnault, Antoine and Frédéric, took themselves in the football game 2.5 billion euros in turnover the turnover of the Italian house is estimated at around 2.5 billion euros, the third brand of the group behind Louis Vuitton and Christian Dior Couture, indicates the new factory. In a press release, LVMH welcomes the appointment of Bernard Arnault’s son and recalls that he “played a key role in the implementation of the global partnership between LVMH and Formula 1”. More generally, this appointment is part of a vast reorganization of the governance of the luxury giant. Thus, the director general of Christian Dior Couture, Pierre-Emmanuel Angeloglou, will be appointed current managing director of the Fendi brand on April 15. According to the LVMH press release, these three appointments “reflect the ability of our group to shape careers and develop great leaders”. Read also: New governance at LVMH: the CEO of Sephora enters the luxury group’s executive committee four months ago, the former LVMH financial director, Jean-Jacques Guiony, had been appointed head of the Wines and Spirit Division, while Alexandre Arnault became deputy director general. To date, only one of the billionaire’s children, Jean Arnault, is not at the head of one of the group’s divisions (or brands). He is director of watchmaking at Louis Vuitton. What to see for the succession of Bernard Arnault, but perhaps not before 2034. Receive our latest news each morning, the information to remember on the financial markets. (tagstotranslate) lvmh

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