Antoine Arnault to head LVMH family holding Christian Dior SE

December 09, 2022 08:06 PM AEDT | By Reuters
Follow us on Google News:
Image source: Reuters

By Mimosa Spencer and Dominique Vidalon

PARIS (Reuters) -Antoine Arnault, the eldest son of LVMH chairman and chief executive officer Bernard Arnault, has been named CEO of family holding company Christian Dior SE, replacing veteran LVMH executive Sidney Toledano.

Christian Dior SE is a listed company that owns the bulk of the Arnault family's stake in LVMH, the world's largest luxury group.

The move raises the stature of Antoine Arnault, one of Bernard Arnault's five children, all of whom hold senior positions in LVMH, the group behind fashion houses Louis Vuitton and Christian Dior, as well as scores of other labels ranging from champagne to five-star hotels.

Arnault's appointment follows a recent change in the legal structure of the family's investment to ensure its control over LVMH in the long term, with holding company Agache, which owns shares in Christian Dior SE, becoming a joint-stock partnership on Dec. 6.

Bernard Arnault, 73, is CEO and chairman of LVMH and has not publicly named a successor to lead the sprawling luxury empire he built through acquisitions starting with Christian Dior SE.

(Reporting by Dominique Vidalon and Mimosa Spencer; editing by Kirsten Donovan and Jason Neely)


The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Top ASX Listed Companies

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK