The richest man in the world, Bernard Arnault, has chosen his daughter to lead the Dior fashion empire. As part of organisational changes at LVMH, the most valuable firm in Europe, Mr Arnault gave Delphine Arnault, 47, a promotion. World’s richest man Bernard Arnault promotes daughter to head Dior.
It is estimated to be valued £336 billion and possesses a portfolio of luxury brands, including Fendi and Louis Vuitton. Michael Burke, the longtime CEO of Louis Vuitton, will be replaced by Pietro Beccari, the departing leader of Dior.
These are “natural advancements within the group” because both Ms Arnault and Mr Beccari “are well respected,” according to Credit Suisse analyst Natasha Brilliant.
World’s richest man Bernard Arnault promotes daughter to head Dior. The group’s brands employ all five of Mr Arnault’s children in management roles.
Bernard Arnault’s eldest son was recently named to lead the family holding firm.
Global celebrities including K-pop star Jisoo and singer Rihanna attend Christian Dior’s runway presentations in Paris, attracting fervent groups of followers.
Since 2013, Delphine Arnault has served as the executive vice president of LVMH’s Louis Vuitton division. Louis Vuitton set new sales records under Ms Arnault’s leadership, LVMH said.
Other significant fashion brands in recent years have implemented similar succession plans. In 2021, Inditex, a major player in high street fashion and owner of companies including Zara and Massimo Dutti, named the daughter of its founder as its new chairwoman. There, Marta Ortega was 37 years old.
Prada’s CEO, Patrizio Bertelli, has stated his intention to transfer control of the business to his son Lorenzo within two years. In December 2022, Bernard Arnault passed Elon Musk to take the title of the richest person in the world.
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