Bernard Arnault

Billionaire LVMH chairman Bernard Arnault named his daughter Delphine as chairman and CEO of Christian Dior Couture on Wednesday.

[son Antoine](https://robbreport.com/lifestyle/news/antoine-arnault-ceo-lvmh-holding-company-1234784295/) as chief executive and chair of Christian Dior SE, the holding company that owns the majority of the family’s stake in luxury conglomerate LVMH. She also joined the LVMH board in 2003 and was the first woman and youngest person to serve on it. Beccari, who has helmed the house since 2018, will now become chairman and CEO of Louis Vuitton.

LVMH chairman and CEO Bernard Arnault has reshuffled the top management and tightened his family's grip of the business with the appointment of his daughter ...

LVMH has continued to enjoy strong demand for its high-end fashion, handbags, watches and accessories despite the global economy slowing last year among growing uncertainty. Three of Bernard Arnault’s sons, Antoine, Alexandre, and Frédéric, have executive roles within the group. Her keen insights and incomparable experience will be decisive assets in driving the ongoing development of Christian Dior.” She joined the LVMH board in 2003, in doing so becoming the first woman and youngest person to serve on it. That move was also seen as a way to facilitate the future governance within the family and to organise the ownership of the business in the coming decades among the five heirs and their descendants. Luxury goods billionaire Bernard Arnault has appointed his daughter Delphine to run Christian Dior, one of the key brands in a the $410bn luxury congomerate, as part of a management shake-up.

LVMH Chairman and CEO Bernard Arnault, the world's richest man, has appointed his daughter Delphine to lead Christian Dior, and naming a new boss for Louis ...

Shares in luxury companies have been boosted recently by the easing of COVID-19 restrictions in China, a key market. Bernard Arnault is the chairman and CEO of LVMH, which owns some 75 luxury brands. The youngest child, Jean Arnault, 24, heads marketing and product development for Louis Vuitton’s watches division. Beccari, meanwhile, who also previously led LVMH-owned label Fendi, increased sales at Christian Dior three-fold to 6.6 billion euros during his tenure, according to estimates from Citi. She had previously been deputy managing director of Dior from 2001 to 2013. in 2021.

Delphine is currently vice-president at Louis Vuitton, a role she has held for 13 years. Her new appointment will take effect from 1 February. Her promotion is ...

Bernard Arnault named his daughter Delphine to run LVMH's second-biggest brand, Dior, the latest step by the 73-year-old billionaire to elevate his children ...

This won't stop the "nepo baby" chat... LVMH's Bernard Arnault, the world's richest man, names his daughter CEO of Dior.

Beccari is moving to replace long-time Louis Vuitton CEO Michael Burke, who is Arnault's longest-serving lieutenant and has also been chairman of jewellery label Tiffany. Sales rose 28 percent to €36.7 billion and shares in LVMH rose as much as 2% to hit new highs, as luxury companies have been boosted recently by the easing of COVID-19 restrictions in the key market: China. It refers to those whose careers have benefitted in no small way from family connections and have bagged high-ranking jobs because of them. As part of the reshuffle, Arnaud has also promoted now-former Dior CEO Pietro Beccari, who has been the head of Dior since 2018. The businesswoman is also a member of the board of directors for Moët Hennessy, Pucci (since 2007), M6 (2009), Céline (since 2011), 21st Century Fox and Havas (both since 2013), amongst others. Alexandre Arnault, 30, is an executive vice president at Tiffany & Co.; Frédéric Arnault, 28, serves as the CEO of Tag Heuer; and the youngest of the five siblings, Jean Arnault, 24, is the director of watches development and marketing at Louis Vuitton.

Luxury group LVMH's billionaire owner and the world's richest man, Bernard Arnault, has appointed his daughter Delphine as the new head of Christian Dior, ...

In a statement, Bernard Arnault commended Beccari, who has been at Dior since 2018, for his "exceptional" work at the house. Last year, the fashion house hosted a show in South Korea for the very first time. The move also comes as Dior, like the rest of the luxury fashion industry, heads into a busy season of major shows and new collections. The label has meanwhile staged increasingly ambitious shows — including a dramatic evening spectacle that used the illuminated pyramids of Giza as a backdrop for its Fall 2023 menswear collection — and expanded its presence in Asia. "Her keen insights and incomparable experience will be decisive assets in driving the ongoing development of Christian Dior." She previously spent over a decade at Dior and has been closely involved in LVMH's Prize for Young Fashion Designers.

Dior's new CEO, Delphine Arnault, is the daughter of LVMH owner Bernard Arnault, but experts warn against the practice of hiring your children.

“In a company like LVMH this is less of a problem but I see it a lot with businesses which start family-run and then need to scale. The other aspect is that the person who has been hired might have to work twice as hard to prove themselves because other people think they only got the job because they are family. “The big con is the effect it will have on other employees. She explained: “Complexities that arise within a family business tend to relate to the people issues rather than the law. [Orchestrating what analysts have called a “Darwinian contest” ](https://www.theguardian.com/business/2023/jan/11/bernard-arnault-appoints-daughter-delphine-dior-chief-executive-lvmh)is clearly working for LVMH, but would it work for any other organization? Arnault’s other four children already hold key roles in the group — [prompting questions over who is in pole position to inherit his crown in the coming years.](https://fortune.com/2022/12/07/bernard-arnault-worlds-richest-man-5-children-lvmh-real-life-succession-billionaire/)

In a reshuffling of top management at his luxury goods empire, the world's richest man — LVMH chairman and CEO Bernard Arnault — tightened his family's grip ...

The 73-year-old Bernard Arnault has signaled no intention of stepping down from his role at LVMH. Antoine Arnault, 45, was recently appointed as CEO of Christian Dior SE, the holding company through which the family owns its controlling stake in LVMH. Burke — who is Arnault's longest-serving lieutenant, and has also been chairman of jewellery label Tiffany — will continue to work alongside Bernard Arnault, the statement said. Pietro Beccari, who has been the head of Dior since 2018, will now be moving to replace long-time Louis Vuitton CEO Michael Burke. Her keen insights and incomparable experience will be decisive assets in driving the ongoing development of Christian Dior." In a reshuffling of top management at his luxury goods empire, the world's richest man — LVMH chairman and CEO Bernard Arnault — tightened his family's grip by appointing his daughter, Delphine Arnault, as the new head of Christian Dior.

LVMH is thriving under CEO Bernard Arnault and his offspring. Why not let the billionaire bling kids do what they do best?