Frederic01
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Source: ReutersLVMH chairman's son Antoine Arnault to head family holding Christian Dior SE
By Mimosa Spencer and Dominique Vidalon
PARIS, Dec 9 (Reuters) - Antoine Arnault, the eldest son of LVMH (LVMH.PA) chairman and chief executive officer Bernard Arnault, has been named chief executive of family holding company Christian Dior SE, replacing veteran LVMH executive Sidney Toledano, and stirring speculation about broader succession at the group.
Christian Dior SE is a listed company that owns the bulk of the Arnault family's stake in LVMH, the world's largest luxury group.
The move raises the stature of Antoine Arnault, one of Bernard Arnault's five children, all of whom hold senior positions in LVMH, the group behind fashion houses Louis Vuitton and Christian Dior, as well as scores of other labels ranging from champagne to five-star hotels.
The most visible of the five, Antoine Arnault, 45, oversees the group’s communications and environmental issues, driving efforts to shore up its reputation.
Arnault, who is married to Russian supermodel Natalia Vodianova, often takes to the stage for presentations of the group's environmental efforts and hosts events such as public tours of workshops and factories.
For the past decade, he has been chief executive of high-end label Berluti, known for buffed leather shoes priced at more than $2,000, and bespoke tailoring for men as well chairman of Italian label Loro Piana.
Arnault's appointment follows a recent change in the legal structure of the family's investment to ensure its long-term control of LVMH, with holding company Agache, which owns shares in Christian Dior SE, becoming a joint-stock partnership on Tuesday.
Bernard Arnault, 73, is chief executive and chairman of LVMH, and has not publicly named a successor to lead the sprawling luxury empire he built through acquisitions starting with Christian Dior.
The fashion label was folded into the LVMH group in 2017, and Christian Dior SE now holds 41% of LVMH, corresponding to 56% of the voting rights in the group.
Bernard Arnault, who often speaks at company events and last week attended a dinner at the White House with French President Emmanuel Macron, has shown no signs he plans to step down soon.
LVMH in April raised the maximum age of its chief executive officer to 80 from 75.
Antoine Arnault, and his older sister Delphine, 47, are children from their father's first marriage. Both are on the group's board of directors.
Alexandre Arnault, 30, is an executive at Tiffany & Co. while Frederic Arnault, 27, is chief executive officer of TAG Heuer. The youngest, Jean Arnault, 24, heads marketing and product development for Louis Vuitton's watches division.
Bernard Arnault and his family briefly took the title as the world's richest earlier this week but were back at No. 2, behind Elon Musk, with a personal wealth of $185.3 billion, according to Forbes.
i need a succession-esque tv show about this family.Source: Reuters
Justice for Delphine, she was robbed.
In reality she is the only one in the family who is not dependent on his father's money. She can always work in her husband's business.Source: Reuters
Justice for Delphine, she was robbed.
Source: Reuters
Justice for Delphine, she was robbed.
there is a thread and we've been dragging it - Christian Dior Pre-Fall 2023 ParisThere's no thread for it but Dior Pre-Fall 23 is really good! A huge improvement over last season.
It's easily my favorite RTW collection from her so far.
Thanks!there is a thread and we've been dragging it - Christian Dior Pre-Fall 2023 Paris
That would be smart considering Nicolas' demi-couture background at Balenciaga and he has done wonders for Louis Vuitton's ready-to-wear offering. Also, it would allow him to leave the "shadow of Virgil" that has only worsened with thatnewly implemented changing designer model on the Menswear side.The race for Bernard's title is heating up, This is only between Antoine and Delphine, the other three brothers are already in their places.
I'm on team Delphine all the way. She contributed to Dior and LV success throughout the years proving that she is ready, meanwhile, Antoine failed to even make Berluti relevant.
I hope that with her arrival Dior can be fashion-forward again. Her LV has already proven that you can be a commercial success while still keeping your fashion integrity. It's alarming that LV now offers more fashion than Dior.
Can you imagine Christian Dior archives through the lens of Nicolas, Nicolas Haute Couture? A total dream.
While I'm sure that she appreciates what Becccari and Chuiri has done for Dior, I feel that she might desire to put Dior back in the limelight by hiring a designer who can deliver a more "fashion" proposition for "Haute Couture" and "Défilé" offering,^^
I mean Delphine is the reason MGC is at Dior…
I don’t know if her taking over Dior means something in terms of change of creative direction…Even if the aesthetic of Dior seems quite removed from her personal style.
She knows Dior very well as she worked there with Galliano and she is good with talents. I would love to see her hire a new designer to signal in a way her arrival or a new dynamic.
Pietro Beccari did a great job at transforming Dior into a lifestyle brand. That seemed to have been his mission and he executed it perfectly.
One thing about Bernard Arnault is that he learned a great deal on the sneaky way he took over LVMH. He keeps everybody in the family happy in terms of responsability. He is playing with the strength, interests and ambitions of his children.
Delphine is obviously the most capable and competent. Alexandre comes second.
^^
I mean Delphine is the reason MGC is at Dior…
The race for Bernard's title is heating up, This is only between Antoine and Delphine, the other three brothers are already in their places.
I'm on team Delphine all the way. She contributed to Dior and LV success throughout the years proving that she is ready, meanwhile, Antoine failed to even make Berluti relevant.
I hope that with her arrival Dior can be fashion-forward again. Her LV has already proven that you can be a commercial success while still keeping your fashion integrity. It's alarming that LV now offers more fashion than Dior.
Can you imagine Christian Dior archives through the lens of Nicolas, Nicolas Haute Couture? A total dream.
i'm curious to know what you think are the main characteristics of faSHON today? i've been thinking about this quite a bit too; right now i identify those 'faSHUN' sensibilities mostly in daniel roseberry's work for schiaparelli, or in the renewed interest we're seeing in mugler's archives. but the more that i think about it, it seems as though this approach is becoming increasingly commonplace. idk about you but i see faSHUN as fundamentally just the dragification of fashion.I can’t suffer any faSHON from this era anymore. Nicolas is a fantastic talent, of course (and his S/S 23 offering is a back to form of sort). Just that nowadays worse than faSHON, is smug faSHON.
I always considered "faSHUN" to mean loud, Galliano/Mugler/drag derived clothes made solely for social media with no depth behind them. While I consider Ghesquiére's clothes to be loud, they lack that shallow hyperfemiminity to appeal to the "faSHUN" crowd.i'm curious to know what you think are the main characteristics of faSHON today? i've been thinking about this quite a bit too; right now i identify those 'faSHUN' sensibilities mostly in daniel roseberry's work for schiaparelli, or in the renewed interest we're seeing in mugler's archives. but the more that i think about it, it seems as though this approach is becoming increasingly commonplace. idk about you but i see faSHUN as fundamentally just the dragification of fashion.
i agree, and i think it's important you included "derived" because ultimately these new sensibilities and the clothes they inspire merely try to imitate or replicate the greats, e.g. galliano and mcqueen. it's important that we create a distinction between what they did and what these new kids are doing, because they're entirely different. the new generation lacks the wit, nuance, and intellect that the masters had. even galliano's worst shows had an interesting context, each look with its own shades of layered meaning. there was a finesse and effortlessness that this generation sorely lacks. it may have been ostentatious at times, but it was always authentic, technically excellent, and very rarely, if ever, overwrought. nowadays, everyone wants to create instant faSHUN moments, and that's what's given rise to this increasingly draggy fashion climate. what these new kids fail to understand is that drag is, whether we like it or not, low culture. low culture can never truly be haute.I always considered "faSHUN" to mean loud, Galliano/Mugler/drag derived clothes made solely for social media with no depth behind them.