lvmh, the luxury giant, has announced a major carried out at the top. After a Paris Fashion Week that saw Dior and Louis Vuitton conquer the runway, the French giant has confirmed a series of changes in top management. Some of these were in the air, others less so, but they all follow a common thread: the Bernard Arnault's strategy, which aims to give more space for his children and to further strengthen the group's fashion division. And while the mystery thickens around the appointment of the new ceo of Fendi, which will be announced soon, here are the new protagonists of this change.
Il title LVMH started off lower in Paris (-0,93%), but remains above 605 euros per share.
Appointments: Important changes at LVMH
Starting June 10, 2025, Damien Bertrand, currently CEO of Loro Piana, will assume the role of Louis Vuitton Deputy CEO, alongside Pietro Beccari, president and CEO of the maison. Bertrand, who has contributed decisively to the success of Loro Piana in recent years, will leave the leadership of the prestigious cashmere brand. His place will be taken by Frederic arnault, currently CEO of the conglomerate's watch division. Bernard Arnault's fourth son will officially join Loro Piana on June 10, after a transition period with Bertrand starting March 26. Frédéric Arnault will report to Toni Belloni, president of LVMH Italy.
In the meantime, Pierre-Emmanuel Angeloglou, who joined Louis Vuitton in 2019, will take on the role of Deputy CEO of Christian Dior Couture starting from 15 April 2025. Angeloglou, who has held strategic roles within the group, will support delphine arnault, CEO of the maison and only daughter of the founder of the French giant, Bernard Arnault, who recently turned 76.
The most drastic comment
"The desirability of our houses is fueled by dedicated and passionate leaders. The vision, entrepreneurial spirit, creativity and commitment to excellence of Damien, Frédéric and Pierre-Emmanuel will be assets to pursue the dynamic development of our houses. These three appointments also reflect our group's ability to create careers," commented Bernard Arnault.
