Change of seat in the LVMH group, the world's luxury leader.
Antoine Arnault, son of Bernard Arnault, CEO and owner of the Group, was appointed director general of Christian Dior Se, the controlling holding company lvmh in place of Sidney Toledo.
Antoine was also nominated Vice chairman of the board of directors.
The new manager is not new to this type of role: he has been managing director of Berluti, the menswear company of the LVMH group, and since 2012 president of Loro Piana, historic Italian brand, world leader in high-end cashmere. In 2018 it was also communications manager di Louis Vuitton. In September 2021 he was appointed director of the Good Planet Foundation created by Yann Arthus-Bertrand.
The change to Christian Dior SE took place since Toledano had expressed a willingness to leave the management of the company.
“This choice – reads the company note – is part of the transformation of the Agache company in a limited partnership by shares which took place on December 6 and was intended to guarantee the continuity long term of family control on the companies Christian Dior SE and LVMH Moët Hennessy – Louis Vuitton SE”.
Christian Dior SE is quoted at the stock exchange and holds most of the Arnault family's stake in LVMH capital.
Bernard Arnault's luxury empire boasts a equity of 185,1 billions of dollars. Just yesterday, during the day of December 8 Arnault he had become the richest man on earth going over for a few minutes Elon Musk
