Stéphane Rinderknech has been appointed chairman and chief executive officer of LVMH Moët Hennessy Louis Vuitton’s Perfumes and Cosmetics division.
“I am delighted with the appointment of Véronique Courtois, who continues her exceptional career path within the LVMH group,” said Arnault. “Over the seven years during which she was in charge of products and image at Parfums Christian Dior, she significantly elevated the desirability of the maison.
In November 2019, Martinez stepped down from steering Parfums Christian Dior and took on the title of managing director of LVMH Perfumes and Cosmetics, with oversight of Guerlain, Parfums Givenchy, Parfums Kenzo and Parfums Christian Dior. For decades there has been no one executive helming LVMH’s Perfumes and Cosmetics division. It’s a big and fast-growing business. In 2022, the division generated sales of 7.72 billion euros, up 17 percent on-year.
The executive shift in LVMH’s Perfumes and Cosmetics division comes two months after a spate of leadership changes shook the top of Louis Vuitton and Dior, LVMH’s flagship fashion houses. Pietro Beccari was named chairman and CEO of Louis Vuitton and Delphine Arnault was named CEO of Dior. Hailed as a rising star and viable candidate to be CEO of L’Oréal’s global operations one day, Rinderknech was responsible for increasing the company’s China business by 30 percent during his time as CEO of that division. His strength in digital marketing — e-commerce accounted for 40 percent of L’Oréal’s sales in the country when he left — was a key driver behind his appointment in the U.S., where Rinderknech was charged with accelerating L’Oréal’s digital transformation.
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