Bernard Arnault

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.

Sibling succession battle looms after eldest daughter of world's richest person named boss of €382bn empire's second-biggest brand.

She joined the LVMH board in 2003 – becoming the first woman and youngest person to serve on it. “Her keen insights and incomparable experience will be decisive assets in driving the ongoing development of Christian Dior.” Luca Solca, an analyst at investment firm Bernstein, has said Arnault is creating a “Darwinian contest” to succeed him as chief executive of LVMH, which he co-founded in 1987. “I remember very well the 100-year ceremony, in 1996. However, the contest could extend to all five of Arnault’s children. Delphine and Antoine, from his first marriage to Anne Dewavrin, now have top roles at LVMH.

Delphine Arnault has worked at Louis Vuitton for the past decade alongside Pietro Burke, 65, and previously spent a dozen years at Dior.

"Monsieur Dior’s values of elegance and his innovative spirit have been given fresh intensity, supported by very talented designers. “Pietro Beccari has done an exceptional job at Christian Dior over the past five years," Arnault released in a statement. [SpaceX CEO ](https://www.usatoday.com/story/tech/2022/04/25/who-is-elon-musk-tesla-spacex/7438856001/)Elon Musk, [who lost his title as the world's richest person ](https://www.usatoday.com/story/money/2022/12/13/elon-musk-richest-person-no-longer-forbes/10887947002/)in December. [chairman of jewelry arm Tiffany](https://www.usatoday.com/story/money/2019/11/25/lvmh-acquire-tiffany-16-2-billion/4295162002/), will continue to work with Bernard, 73, the company said in a statement without detailing his new role. [Bernard Arnault,](https://www.usatoday.com/story/tech/2022/04/25/who-is-elon-musk-tesla-spacex/7438856001/) leader of the world's largest luxury group, also replaced long-time Louis Vuitton CEO Michael Burke with Pietro Beccari, his company [released in a statement.](https://www.lvmh.com/news-documents/press-releases/appointments-at-louis-vuitton-and-christian-dior-couture-tiffany-joins-watches-jewelry-division/) [CEO of the French conglomerate LVMH](https://www.usatoday.com/story/tech/2022/04/25/who-is-elon-musk-tesla-spacex/7438856001/) reshuffled top management at his luxury goods empire on Wednesday, putting his 47-year-old daughter in charge of one of the company's leading labels, Christian Dior.

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.

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.