The son of French billionaire Bernard Arnault, Antoine Arnault, has been appointed chief executive of the Christian Dior SE holding company, which controls the world's number one luxury brand LVMH, replacing Sidney Toledano, according to a press release published on Friday.
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Antoine Arnault was also appointed vice-chairman of the board of directors of the holding company, a choice which is part of the strategy "
intended to ensure the long-term sustainability of family control over the companies Christian Dior SE and LVMH Moët Hennessy - Louis Vuitton SE
,” the statement said.
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