Bernard Arnault

Bernard Arnault, co-founder, chairman, and chief executive officer of LVMH Moët Hennessy – Louis Vuitton SE named his daughter Delphine to run LVMH's ...

The outgoing head of Dior, Pietro Beccari, will move to replace long-time Louis Vuitton chief executive Michael Burke, BBC reported. Bernard Arnault, co-founder, chairman, and chief executive officer of LVMH Moët Hennessy – Louis Vuitton SE named his daughter Delphine to run LVMH’s second-biggest brand, Dior. Last year, LVMH lifted the age limit of its CEO, allowing the family patriarch to stay at the helm until he’s 80, Bloomberg reported.

Dior's new CEO, Delphine Arnault, is the daughter of LVMH owner Bernard Arnault, but experts warn against the practice of hiring your children.

“In a company like LVMH this is less of a problem but I see it a lot with businesses which start family-run and then need to scale. The other aspect is that the person who has been hired might have to work twice as hard to prove themselves because other people think they only got the job because they are family. “The big con is the effect it will have on other employees. She explained: “Complexities that arise within a family business tend to relate to the people issues rather than the law. [Orchestrating what analysts have called a “Darwinian contest” ](https://www.theguardian.com/business/2023/jan/11/bernard-arnault-appoints-daughter-delphine-dior-chief-executive-lvmh)is clearly working for LVMH, but would it work for any other organization? Arnault’s other four children already hold key roles in the group — [prompting questions over who is in pole position to inherit his crown in the coming years.](https://fortune.com/2022/12/07/bernard-arnault-worlds-richest-man-5-children-lvmh-real-life-succession-billionaire/)

Luxury group LVMH's billionaire owner and the world's richest man, Bernard Arnault, has appointed his daughter Delphine as the new head of Christian Dior, ...

In a statement, Bernard Arnault commended Beccari, who has been at Dior since 2018, for his "exceptional" work at the house. Last year, the fashion house hosted a show in South Korea for the very first time. The move also comes as Dior, like the rest of the luxury fashion industry, heads into a busy season of major shows and new collections. The label has meanwhile staged increasingly ambitious shows — including a dramatic evening spectacle that used the illuminated pyramids of Giza as a backdrop for its Fall 2023 menswear collection — and expanded its presence in Asia. "Her keen insights and incomparable experience will be decisive assets in driving the ongoing development of Christian Dior." She previously spent over a decade at Dior and has been closely involved in LVMH's Prize for Young Fashion Designers.

The outgoing head of Dior, Pietro Beccari, will move to replace long-time Louis Vuitton chief executive Michael Burke. Both Ms Arnault and Mr Beccari “are well ...

The changes, which come into effect in February, follow the recent appointment of Antoine Arnault, Bernard Arnault’s eldest son, to head the family’s holding company. All five of Mr Arnault’s children hold management positions at brands in the group.

Bernard Arnault has named his daughter Delphine as Dior's next CEO. Arnault has four other children – and they all work across LVMH and its brands, too.

[The New York Times](https://www.nytimes.com/2022/11/19/style/jean-arnault-louis-vuitton-watch-prize.html) in November that he still turns to Frédéric for work advice. [months](https://affiliate.insider.com/?postID=63bfd102ba7556140657ce32&site=bi&u=https%3A%2F%2Fwww.linkedin.com%2Fin%2Fjean-arnault-a81600221%2F&amazonTrackingID=null&platform=browser&sc=false&disabled=false) after he graduated. [The New York Times](https://www.nytimes.com/2021/10/26/style/frederic-arnault-tag-heuer-lvmh-succession.html) reported that the elder Arnault had groomed Frédéric to become TAG Heuer's leader from the start, though this wasn't entirely smooth sailing. Just two years later, he was appointed director of communications at Louis Vuitton, where he launched campaigns with [public figures](https://www.businessoffashion.com/community/people/antoine-arnault) ranging from Angelina Jolie and Bono to Muhammad Ali and Mikhail Gorbachev. Jean Arnault is Bernard's youngest son and joined LVMH after graduating. "I was fascinated. During his time at the helm he revitalized Rimowa, including launching collaborations with Supreme and Off-White. He's also the CEO of shoemaker Berluti and non-executive chair of cashmere label Loro Piana. In 2020, he was Last year LVMH raised the age limit of its CEO Like Delphine, Antoine was born to Bernard's first wife, Anne Dewavrin. The French luxury conglomerate owns a range of brands covering fashion, perfume, jewelry, watches, and alcohol including Marc Jacobs, Givenchy, Moët & Chandon, Fenty Beauty, and Tiffany & Co.

The French heiress to the world's biggest luxury conglomerate LVMH has just been appointed the top job at Christian Dior – here's what you need to know ...

Louis Vuitton CEO Michael Burke is out — but not gone — while Dior CEO Pietro Beccari will leave his position to take over Burke's role.

Pietro Beccari, the head of Christian Dior Couture, will be replacing Burke as the new CEO and chairman of Louis Vuitton. “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,” an analyst at Citi told Reuters. In recent years, Arnault has appointed his five children as executives across a host of LVMH brands. LVMH saw $56.5 billion in earnings over the first nine months of 2022, according to its Q3 reports. Most notably, Bernard Arnault’s daughter Delphine Arnault will now be taking over Beccari’s role as the new chairman and CEO of Christian Dior Couture. Michael Burke, chairman and CEO of Louis Vuitton, will depart his role and take on an as-of-yet unnamed position “reporting directly” to LVMH chairman and CEO Bernard Arnault.

In a reshuffling of top management at his luxury goods empire, the world's richest man — LVMH chairman and CEO Bernard Arnault — tightened his family's grip ...

The 73-year-old Bernard Arnault has signaled no intention of stepping down from his role at LVMH. Antoine Arnault, 45, was recently appointed as CEO of Christian Dior SE, the holding company through which the family owns its controlling stake in LVMH. Burke — who is Arnault's longest-serving lieutenant, and has also been chairman of jewellery label Tiffany — will continue to work alongside Bernard Arnault, the statement said. Pietro Beccari, who has been the head of Dior since 2018, will now be moving to replace long-time Louis Vuitton CEO Michael Burke. Her keen insights and incomparable experience will be decisive assets in driving the ongoing development of Christian Dior." In a reshuffling of top management at his luxury goods empire, the world's richest man — LVMH chairman and CEO Bernard Arnault — tightened his family's grip by appointing his daughter, Delphine Arnault, as the new head of Christian Dior.