LVMH’s Bernard Arnault, world’s richest man, gives daughter Dior to run and promotes its chief executive to the same role at Louis Vuitton
- The world’s richest man moves Delphine, 47, from Louis Vuitton to Dior, with the latter’s chief executive, Pietro Beccari, going the other way
- The move will give Delphine Arnault ‘more frontline exposure’, analyst says, as tycoon continues to elevate his children without any sign who will succeed him
The world’s richest man, Bernard Arnault, has appointed his daughter Delphine chief executive of run Dior, LVMH’s second-biggest brand, as the 73-year-old billionaire continues to elevate his children to key posts in his luxury empire.
The move comes after Antoine Arnault, his eldest son, was recently given a wider role within the business, replacing Sidney Toledano as chief executive and vice-chairman of Christian Dior, the holding company through which the family controls the LVMH Moet Hennessy Louis Vuitton conglomerate.
Arnault has been giving his children greater responsibilities throughout the group in recent years, raising questions about succession, although there’s no indication he plans to step back any time soon.
Last year, LVMH lifted the age limit of its chief executive, allowing the family patriarch to stay at the helm until he’s 80.
