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☆ Bernard Arnault, the world's richest person, appoints son to CEO role at LVMH amid leadership shake-up
▼ + stars: | 2024-11-14 | by ( Lauren Edmonds | ) www.businessinsider.com time to read: +3 min

Bernard, CEO and chairman of LVMH, is the world's richest person with a $158.5 billion net worth. Related Video 5 ways Elon Musk shook up Twitter as CEOAlexandre Arnault and Bernard Arnault in 2016. Representatives for LVMH, Arnault, and Guiony did not respond to requests for comment from Business Insider. The new appointments also drum up speculation about who will succeed Bernard as LVMH's CEO. The Arnault family has been compared to the Roy family, the subjects of the HBO drama, "Succession."

Persons: Alexandre Arnault, Moët Hennessy, Bernard Arnault's, —, Bernard Arnault's multibillion, LVMH, Bernard, Christian Dior, Bernard's, Alexandre, Elon Musk, Bernard Arnault, Donato Sardella, Louis Vuitton, Jean, Jacques Guiony, Guiony, — Alexandre, Frédéric —, Delphine Arnault, Dior Couture, Antoine Arnault, Antoine, Jean Arnault, Roy, Roy family's Organizations: Service, company's Sustainability, LVMH's, Product, Communications, Tiffany, LVMH, Business, Reuters, Christian Dior, HBO, New York Times Locations: LVMH

☆ The beginner's guide to nepo babies
▼ + stars: | 2024-10-04 | by ( Amanda Yen | ) www.businessinsider.com time to read: +9 min

AdvertisementThere's one other field that's become a magnet for nepo babies with something new to say: journalism. The coastersBrooklyn Peltz Beckham and Nicola Peltz Beckham at the Academy Museum Gala in December 2023. Brooklyn Peltz Beckham and Nicola Peltz Beckham also fall into this category. The activistsSome nepo babies use their inherited millions to address social issues they're passionate about. The normiesLastly, there are some nepo babies who have chosen professions in fields where their connections won't help them quite as much.

Persons: —, John Quincy Adams, John Adams, Liza Minnelli, Judy Garland, Chan Zuckerberg, Mark Zuckerberg, Taylor Swift, Zuckerberg, Forbes — isn't, ultrarich, Alexandre Arnault, Antoine Arnault, Delphine Arnault, Bernard Arnault, Vianney Le Caer, Murdoch, Donald Trump, Fred Trump, Bill Gates, David Ellison, Larry Ellison, Jessica Pegula, Emma Navarro, Bruce Springsteen, Michael Bloomberg, Lance, Lawrence, Williams, Logan Sargeant, McLaren, Lando Norris, Jack Schlossberg, Kennedy, who's, Z's, Ronan Farrow, Mia Farrow, Woody Allen, rocketed, Harvey Weinstein, Brooklyn Peltz Beckham, Nicola Peltz Beckham, Frazer Harrison, Paris Hilton, Olivia Jade Giannulli, Lori Loughlin, she's, David, Victoria Beckham, Nelson Peltz, Abigail Disney, She's, Zers, Elon Musk's, Vivian Wilson, Jennifer Gates Nassar, Charles Shaffer, Anna Wintour Organizations: Service, Fox, News Corp, Oracle, Skydance Media, Aston Martin, New Yorker, Brooklyn, Academy Museum, Paris, Hilton, University of Southern, Zen, Disney, Bank of Mom, Vogue, Columbia University Locations: —, New, University of Southern California, Mount Sinai

☆ Meet Delphine Arnault, Dior CEO and daughter of world's richest man
▼ + stars: | 2024-05-06 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +1 min

Delphine Arnault, eldest child of LVMH head Bernard Arnault, is the CEO of Christian Dior. Apart from a brief stint at McKinsey, her career has spanned multiple roles for LVMH since 2000. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The eldest daughter of the world's richest man, LVMH CEO Bernard Arnault, the 49-year-old Delphine is now a year into her role as CEO of Dior. Since 2000, her career has spanned multiple roles with LVMH, including CEO of Dior since 2023.

Persons: Delphine Arnault, LVMH, Bernard Arnault, Christian Dior, Louis Vuitton, —, Delphine, Delphine Arnault's Organizations: McKinsey, TAG, Service, Dior Locations: Berluti

☆ The world's richest person just put 2 more of his kids on the board of his $430 billion company
▼ + stars: | 2024-04-18 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

Bernard Arnault has appointed two more of his children to LVMH's board. Alexandre Arnault is a vice president at Tiffany & Co. and Frédéric Arnault heads LVMH's watches division. AdvertisementThe French luxury-goods billionaire Bernard Arnault, who's the world's richest person, has appointed two more of his children to LVMH's board. Only Jean Arnault, Bernard Arnault's youngest son, doesn't sit on the company's board. Bernard Arnault is the world's richest person, with a net worth of about $221 billion, according to estimates by Bloomberg.

Persons: Bernard Arnault, Alexandre Arnault, Frédéric, Bernard Arnault's, —, Frédéric Arnault, Delphine Arnault, Dior Couture, Antoine Arnault, LVMH, Jean Arnault, doesn't, Louis Vuitton's, Louis Vuitton, Dior, Marc Jacobs, Givenchy Organizations: Tiffany, Service, Christian Dior, Bloomberg

☆ Shakeup at LVMH as Antoine Arnault, Bernard Arnault's oldest son, steps down as the CEO of luxury shoe-maker Berluti
▼ + stars: | 2023-11-24 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +2 min

The eldest son of LVMH CEO Bernard Arnault will be stepping down as the CEO of Berluti. Bernard Arnault is the world's third-richest man, and all five of his children work for LVMH brands. AdvertisementAntoine Arnault, the eldest son of LVMH CEO Bernard Arnault, will be stepping down as the CEO of Berluti, a luxury shoe brand under the LVMH umbrella. Bernard Arnault's eldest and only daughter, Delphine Arnault, became the CEO and chairperson of Christian Dior in February. In an interview with the New York Times in September, Bernard Arnault expressed his disdain for comparisons drawn between his family and HBO's hit show "Succession."

Persons: Bernard Arnault, Arnault, —, Antoine Arnault, Bernard Arnault's, Delphine Arnault, Christian Dior, HBO's, Arnault —, Elon Musk, Jeff Bezos Organizations: Service, Bloomberg, New York Times, Times, Wall Street Locations: LVMH, Paris

☆ LVMH heir Antoine Arnault in spotlight after management shuffle
▼ + stars: | 2023-11-22 | by ( ) www.reuters.com time to read: +2 min

Antoine Arnault, 46, is also in charge of image and environment at LVMH, and credited with negotiating a high-profile deal for the company to sponsor next summer's Paris Olympic Games. He will remain chairman of Berluti, which he has managed since 2012, as well as another LVMH fashion brand Loro Piana. Jean-Marc Mansvelt, CEO of historic jewellery label Chaumet, will become CEO of Berluti, while Charles Leung, CEO of jewellery label Fred, will become CEO of Chaumet. The group will seek a successor for Leung, who recently created buzz by introducing high-end jewellery featuring lab-created diamonds. Reporting by Mimosa Spencer; editing by Jason Neely and Jane MerrimanOur Standards: The Thomson Reuters Trust Principles.

Persons: Antoine Arnault, Du, Bernard Arnault, Berluti, Maison, Toni Belloni, Jean, Marc Mansvelt, Charles Leung, Leung, Bernard Arnault's, Delphine Arnault, Dior, Mimosa Spencer, Jason Neely, Jane Merriman Organizations: LVMH, Olympic, Thomson Locations: Paris, PARIS, LVMH

☆ Luxury tycoon Bernard Arnault dismissed comparisons between his family and the Roys in 'Succession' — and said he hopes there's no 'duel' to take over power
▼ + stars: | 2023-09-15 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

The NYT reports that Bernard Arnault's family dislikes being compared to the Roys from "Succession." Bernard Arnault's five children have a 90-minute lunch with him every week to discuss the business. When the NYT questioned him directly on this, Arnault "brushed off any comparison to television's Roys with a wave of his hand." "The best person inside the family or outside the family should be one day my successor," he told The Times. Jean Arnault told the newspaper: "Make no mistake, we discuss things, but at the end, it's he who decides."

Persons: Bernard Arnault's, Bernard Arnault, LVMH, Delphine Arnault, Louis Vuitton, Jean Arnault, Louis Vuitton's, Logan Roy, Arnault, it's Organizations: Service, The New York Times, Times, Dior, Financial Times Locations: Wall, Silicon, France, Cashmere

Dior announced Bohan's death Friday, calling him an “immense visionary and passionate creator" who left his mark on the fashion house. “Marc Bohan was a unique creator dear to the heart of our House, infusing Dior elegance with his free spirit," Delphine Arnault, Dior CEO, said in a statement. During his time at Dior, Bohan took the brand into new avenues, from launching Dior’s baby boutique to developing a line for young women, Miss Dior, and for men, Dior Monsieur. Gianfranco Ferré replaced Bohan at the fashion house in 1989. Leaving behind Dior, Bohan moved to London where he joined the prestigious house of Norman Hartnell, a couturier for Britain's royal family.

Persons: Bohan, Yves Saint Laurent, Dior, Bohan's, “ Marc Bohan, Delphine Arnault, Princess Grace of Monaco, Zhivago, ”, Iran’s, Farah Diba Pahlavi, Miss Dior, Dior Monsieur, Dior’s, Gianfranco Ferré, Norman Hartnell Organizations: Dior, Hollywood Locations: India, Bohan, London

The executive, who was expected to make a visit this month, walked through the WF Central mall in Beijing, China on Tuesday, photos circulating on social media showed. The photos showed Arnault with his daughter, Dior CEO Delphine Arnault, and son Jean Arnault, who works for Louis Vuitton, as well as Dior's China president Monika Figlewicz. Other Beijing residents, posting on social media site Xiaohongshu, reported seeing Arnault at luxury department store SKP. LVMH, which owns labels ranging from Hennessy cognac to fashion houses Dior and Louis Vuitton, declined to comment. "The Chinese are very important clients," Louis Vuitton CEO Pietro Beccari told Reuters in an interview last week.

Persons: Bernard Arnault, LVMH Moet Hennessy Louis Vuitton, Gonzalo, Read, Dior, Delphine Arnault, Jean Arnault, Louis Vuitton, Monika Figlewicz, Hennessy, Pietro Beccari, Pharrell Williams, Casey Hall, Brenda Goh, Mimosa Spencer, Conor Humphries Organizations: Viva Technology, Porte de, REUTERS, WF, Reuters, Tiffany, Thomson Locations: Porte, Paris, France, SHANGHAI, PARIS, China, Beijing, China . China

☆ Dior's Kim Jones sends models rising up from the floor at Paris Fashion Week
▼ + stars: | 2023-06-23 | by ( Mimosa Spencer | ) www.reuters.com time to read: +1 min

[1/5] Models present creations by designer Kim Jones as part of his Menswear ready-to-wear Spring/Summer 2024 collection show for fashion house Dior Homme during Men's Fashion Week in Paris, France, June 23, 2023. REUTERS/Gonzalo FuentesPARIS, June 23 (Reuters) - Dior men's artistic director Kim Jones took to a sparse, futuristic setting at the Ecole Militaire in central Paris, kicking off his summer show with an army of models that rose up from a metallic catwalk. A whining blast of scratchy electronic sounds set the runway presentation in motion, and the catwalk lit up as floor panels rolled back. Models emerged slowly, filling the room in rows. Reporting by Mimosa Spencer; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Kim Jones, Dior Homme, Gonzalo Fuentes PARIS, Dior, chunky loafers, Winnie Harlow, Demi Moore, Cha Eun, Gwendoline Christie, Delphine Arnault, Bernard Arnault, Pharrell Williams, Louis Vuitton, Jay, Helen Lasichanh, Williams, Mimosa Spencer, Sandra Maler Organizations: REUTERS, Ecole Militaire, Louis, Thomson Locations: Paris, France

☆ Potential Olympics sponsorship deal tests LVMH heir Antoine Arnault
▼ + stars: | 2023-06-14 | by ( Mimosa Spencer | ) www.reuters.com time to read: +5 min

Discussions on the Olympics deal, being negotiated by Antoine, revolve around promotions focused on LVMH as a group, its two biggest fashion labels - the Louis Vuitton and Dior brands - as well as champagne. However, the behind-the-scenes role of the oldest of Arnault’s four sons, Antoine, hasn't been widely known. Although Antoine Arnault's work shepherding LVMH's sponsorship of the Olympic Games is taking place behind closed doors, the outcome would be highly public. Steve Martin, global CEO of M&C Saatchi Sport & Entertainment, said that while LVMH is already associated with France, a formal sponsorship of the Olympics would help to further differentiate LVMH from luxury rivals. “If we get involved it would be to help out,” LVMH fashion group CEO Sidney Toledano told Reuters.

Persons: Antoine Arnault's, Antoine Arnault, Bernard Arnault's, Bernard Arnault’s, Delphine Arnault, Dior, Antoine, Louis Vuitton, Bernard Arnault, hasn't, Tony Estanguet, Cristiano Ronaldo, Lionel Messi, ”, Steve Martin, LVMH, Martin, Sidney Toledano, –, we’re, Toledano, Mimosa Spencer, Sharon Singleton Organizations: Deal, Dior, FIFA, Olympic, Saatchi Sport & Entertainment, Olympic Games, Reuters, Thomson Locations: PARIS, LVMH, Paris, France, Qatar, Atlanta, London

☆ LVMH boss Bernard Arnault's wealth soared over $200 billion, making him the third person ever after Elon Musk and Jeff Bezos to reach the milestone
▼ + stars: | 2023-04-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

LVMH boss Bernard Arnault's net worth surpassed $200 billion on Tuesday. Arnault is also the first person outside the US to surpass a net worth of $200 billion. His net worth gained $2.4 billion on Tuesday, bringing the Frenchman's fortune to $201 billion, per Bloomberg's index. Shoppers in China are expected to boost the luxury goods sector this year after the country lifted COVID-zero restrictions. The 73-year-old tycoon has not announced who will succeed him as LVMH CEO.

☆ Xavier Niel can feast on European telco misery
▼ + stars: | 2023-03-27 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +5 min

LONDON, March 27 (Reuters Breakingviews) - Xavier Niel is set to be more than a spectator in the looming consolidation of Europe’s telecoms industry. It earned EBITDA after leases of 3.3 billion euros last year. Those shareholdings have a combined market value of 1.2 billion euros, though they were partly funded through derivatives, potentially limiting the tycoon’s cash outlay. On a multiple of 6 times last year’s EBITDA of 652 million euros it’s worth little more than the 3.5 billion euros Niel and other investors paid in 2017. Smaller investments in Monaco Telecom and holdings in Senegal and the Comoros are probably worth a combined billion euros, bankers estimate.

☆ World's richest person Bernard Arnault's fortune has increased by more than $33 billion this year
▼ + stars: | 2023-02-04 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

The multi-billionaire tops its rankings of the world's richest people, followed by Elon Musk. The LVMH CEO and co-founder has a current net worth of $196 billion, per Bloomberg. Bernard Arnault is the CEO and co-founder of luxury goods conglomerate LVMH Moët Hennessy - Louis Vuitton, more commonly known as LVMH. The 73-year-old French billionaire is currently ranked by Bloomberg as the world's richest person, followed by Elon Musk whose net worth is valued at $175 billion. The CEO recently appointed his daughter, Delphine Arnault, CEO and chair of Dior.

☆ The Arnaults are betting big on K-Pop, and it shows the power of South Korea's luxury spending machine
▼ + stars: | 2023-01-31 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +6 min

Experts tell Insider this is a calculated move to tap into the booming South Korean market. A targeted move to win over the South Korean marketBTS member Jimin (left) and BLACKPINK singer Rosé. "Fashion trends tend to be created and adopted in South Korea, before being diffused to other markets in Asia," Dubois said. She also said South Korea is "increasingly known" for its K-Pop stars, movies, and shows in the US — which helps with promotions stateside too. Once the COVID situation settles, it is possible that Chinese tourists, with their spending power, return to Korea," Kim said.

☆ LVMH Shuffles Leadership at Louis Vuitton, Dior
▼ + stars: | 2023-01-11 | by ( Nick Kostov | ) www.wsj.com time to read: 1 min

LVMH said Pietro Beccari, who currently head’s Christian Dior, will lead Louis Vuitton from next month. PARIS— LVMH Moët Hennessy Louis Vuitton SE Wednesday announced a major reshuffle of its top executives, elevating Pietro Beccari to lead Louis Vuitton and tapping Delphine Arnault , daughter of Chief Executive Bernard Arnault , to run Christian Dior . The changes, effective Feb. 1, involve the luxury giant’s two largest brands and some of its best-known managers. Both Louis Vuitton and Dior have been on a tear, most recently riding a postpandemic boom in luxury spending that so far has shown little sign of easing.

☆ LVMH's Arnault tightens family grip as daughter becomes Dior CEO
▼ + stars: | 2023-01-11 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

The world's largest luxury group also replaced long-time Louis Vuitton CEO Michael Burke with Pietro Beccari, head of Dior since 2018. Delphine Arnault, 47, has worked at Louis Vuitton for the past decade alongside Burke and previously spent a dozen years at Dior. Burke will continue to work with Bernard Arnault, the company said in a statement. The move follows the recent appointment of Antoine Arnault, Bernard Arnault's eldest son, to head the family holding company, replacing veteran executive Sidney Toledano. Alexandre Arnault, 30, is an executive at Tiffany & Co. while Frederic Arnault, 28, is CEO of TAG Heuer - both LVMH brands.

☆ LVMH names new Louis Vuitton CEO, puts Arnault daughter in charge of Dior
▼ + stars: | 2023-01-11 | by ( Mimosa Spencer | ) www.reuters.com time to read: +5 min

Pietro Beccari, who has been the head of Dior since 2018, is moving to replace long-time Louis Vuitton CEO Michael Burke, 65. Delphine Arnault, 47, has worked at Louis Vuitton for the past decade alongside Burke and previously spent a dozen years at Dior. [1/2] Bernard Arnault, CEO of LVMH Moet Hennessy Louis Vuitton SE, and Delphine Arnault, Executive Vice President of Louis Vuitton, leave after the Spring/Summer 2020 collection show for fashion house Louis Vuitton during Men's Fashion Week in Paris, France, June 20, 2019. Alexandre Arnault, 30, is in charge of products and communication at Tiffany, while Frederic Arnault, 28, is CEO of another group brand, TAG Heuer. The youngest child, Jean Arnault, 24, heads marketing and product development for Louis Vuitton's watches division.

☆ Meet Delphine Arnault, the daughter of the world's richest man and now one of the most powerful women in fashion as the CEO of Dior
▼ + stars: | 2023-01-11 | by ( Dominick Reuter | ) www.businessinsider.com time to read: 1 min

"I was learning strategy," she told the Financial Times. "In a presentation in America they would start with the conclusion and say how they got there, and I found that very interesting. It was straight to the point." LVMH CEO Bernard Arnault onboard his private jet between Beijing and Shanghai on October 11, 2004. Marc DEVILLE/Gamma-Rapho via Getty ImagesSource: FT

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