Frédéric Arnault, the second youngest son of LVMH‘s proprietor Bernard Arnault, is ready to develop into the brand new CEO of the corporate’s unsung hero – Loro Piana. The appointment follows a flurry of modifications inside the luxurious conglomerate, reinforcing its technique to advertise from inside.
At the moment CEO of LVMH Watches, Arunault (pictured above) will take the helm on the prestigious Italian model, famend for its quiet luxurious aesthetic, on 10 June. In the meantime, Damien Bertrand, at the moment CEO of Loro Piana, will transition to Louis Vuitton as Deputy CEO, whereas Fendi CEO Pierre-Emmanuel Angeloglou will develop into Deputy CEO of Christian Dior Couture.
Arnault, who beforehand led LVMH Watches, modernised Tag Heuer’s strategy to digital innovation, overseeing acquisitions akin to Swiss clockmaker L’Épée 1839 and establishing LVMH’s decade-long partnership with System 1. His new function at Loro Piana will see him construct on these achievements, guaranteeing the model stays true to its heritage of “quiet luxurious”.
Damien Bertrand, Deputy CEO at Louis Vuitton
The reshuffle additionally sees Bertrand return to Louis Vuitton, the place he beforehand labored from 2016 to 2021. He beforehand labored for L’Oréal and at Dior.
Pierre-Emmanuel Angeloglou, who joined LVMH in 2019 as Strategic Missions Director for Louis Vuitton and later turned govt Vice President, will tackle a brand new function at Christian Dior Couture. Angeloglou will work carefully with Delphine Arnault, who turned the CEO of Dior Couture in 2023.
Pierre-Emmanuel Angeloglou, Deputy CEO of Christian Dior Couture
The three appointments intention to propel the posh conglomerate, which reported revenues of £71 billion (€84.7 billion) in 2024. Regardless of a “difficult financial and geopolitical surroundings”, LVMH reported continued progress (up by 1% on an natural foundation) because of demand in Europe and the US in addition to its leather-based items class.
As the posh big continues to evolve, the Arnault household’s affect stays central, with Frédéric Arnault’s appointment at Loro Piana marking the following step within the dynasty’s legacy of steering the world’s most prestigious luxurious manufacturers towards even higher heights.
