lvmh he entrusted his watches to Frederic arnault. From January 1st, the fourth son of Bernard Arnault, number one at Tag Heuer, became ceo di Lvmh Watches, the new division responsible for prestigious brands such as Hublot and Zenith. In this new role, Arnault will report directly to Stéphane White, CEO of LVMH's Watches & Jewelry division.
Having successfully led the transformation and acceleration of Tag Heuer over the last 6 years, his new role within the Watches & Jewelry division will ensure “strong and sustainable growth for the watch houses and strengthen LVMH's role in the watchmaking sector,” the group specified in a statement.
After the promotion, Arnault passes the baton of CEO of Tag Heuer to Julien To come back of Zenith, which, in turn, will be replaced by Benoit de Clerck. All three, together with Hublot CEO Ricardo Guadalupe, will be under the direct supervision of Frédéric Arnault. Currently, the overall turnover of the three brands, as recently reported by Bernard Arnault, is close to the figure of 1,7 billion euros.
