LVMH heir Frédéric Arnault will become CEO of the brand that popularized ‘quiet' luxury. What could this mean for the French giant's succession plan? [Fortune]
LVMH-MOET H/L/V UNSP/ADR (LVMUY)
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Source: Fortune
Frédéric was appointed CEO of watchmaker Tag Heuer in 2020, and in 2024, he became the boss of LVMH's entire watch division. His move from watches to luxury apparel comes amid a broader executive overhaul at the French conglomerate. LVMH's sales have slowed in recent years, particularly affecting the company's spirits, leather goods, and jewelry segments. Damien Bertrand, the current head of Loro Piana, will become deputy CEO of Louis Vuitton and will join LVMH's executive committee next year. Frédéric will join the brand in March during Bertrand's transition period before officially taking over in June. Alexandre, another of Arnault's children, became the deputy head of Moët Hennessy last month after stints at Tiffany and Rimowa. Loro Piana has been among the strong performers at LVMH despite the pullback in high-end spending. It's among the brands with the greatest momentum within the luxury sector, Bank of America analysts noted in January. Any transitions within the Arn
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