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Frédéric Arnault, the second youngest son of Bernard Arnault, the proprietor of LVMH, is getting into the function of CEO at Loro Piana, the understated jewel within the luxurious group’s crown. This transfer comes amidst a collection of management shifts throughout the conglomerate, highlighting its dedication to advancing expertise from inside its ranks.
Presently serving because the CEO of LVMH Watches, Arnault will formally assume management of the distinguished Italian model, famend for its refined and understated luxurious, on 10 June. Concurrently, Damien Bertrand, the present CEO of Loro Piana, will transition to Louis Vuitton as Deputy CEO. Moreover, Pierre-Emmanuel Angeloglou, presently the CEO of Fendi, will tackle the function of Deputy CEO at Christian Dior Couture.
Arnault, the previous chief of LVMH Watches, revolutionised Tag Heuer’s technique in direction of digital innovation, spearheaded key acquisitions together with that of Swiss clockmaker L’Épée 1839, and secured LVMH’s enduring decade-long partnership with Components 1. In his new capability at Loro Piana, he’ll proceed to construct upon these accomplishments, whereas safeguarding the model’s legacy of “quiet luxurious.”
As a part of the reshuffle, Bertrand will rejoin Louis Vuitton, the place he beforehand served from 2016 to 2021. His earlier profession additionally contains roles at L’Oréal and Dior.
Pierre-Emmanuel Angeloglou, who joined LVMH in 2019 as Strategic Missions Director for Louis Vuitton and later superior to the function of Govt Vice President, will now transition to Christian Dior Couture. In his new place, he’ll work carefully with Delphine Arnault, the CEO of Dior Couture since 2023.
The trio of appointments is designed to drive the expansion of the posh conglomerate, which achieved revenues of £71 billion (€84.7 billion) in 2024. Regardless of dealing with a “difficult financial and geopolitical surroundings,” LVMH demonstrated sustained development, with a 1% natural enhance, fueled by sturdy demand in Europe and america, in addition to the efficiency of its leather-based items division.
As LVMH continues to develop and adapt, the Arnault household’s management stays a cornerstone of its success. Frédéric Arnault’s new function at Loro Piana signifies the most recent chapter within the household’s enduring legacy of guiding the world’s most esteemed luxurious manufacturers to unparalleled prominence.
Not solely that, the current appointments at LVMH showcase the conglomerate’s unwavering dedication to nurturing management expertise and preserving its legacy of excellence. As Frédéric Arnault takes the helm at Loro Piana, and Bertrand and Angeloglou assume pivotal roles inside Louis Vuitton and Christian Dior Couture, these modifications sign a strategic evolution for the group. With a powerful concentrate on heritage, innovation, and the imaginative and prescient of the Arnault household, LVMH continues to set the gold customary for luxurious, shaping the way forward for the business whereas honouring its timeless traditions.
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