The world's richest person just made his daughter the CEO of Dior
"The appointment of Delphine Arnault is another milestone in a career journey in fashion and leather goods defined by excellence, first during 12 years at Christian Dior and then at Louis Vuitton for the past decade where she was number two with responsibility for all of the Maison's product activities," Bernard Arnault said in a statement.
"Under her leadership, the desirability of Louis Vuitton products advanced significantly, enabling the brand to regularly set new sales records. Her keen insights and incomparable experience will be decisive assets in driving the ongoing development of Christian Dior," he added.in the first nine months of 2022 and doesn't separate financial information by brand.
Shares in the Paris-listed group were trading 1.6% higher on Wednesday, valuing the company at 386 billion euros . Thomas Chauvet, analyst with Citi, told Reuters: "Succession planning in strategic roles has been instrumental to the success of LVMH's key brands over the past 20 years, hence today's moves are significant."Subscribe to push notifications
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