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The CEO of the luxury corporation LVMH appointed his daughter to manage Dior - Walla! Fashion


Luxury conglomerate LVMH begins 2023 with one of the biggest management changes in years; The CEO and richest man in the world, Bernard Arnault, appointed his daughter Delphine to manage the next brand

Delphine Arnaud (Photo: GettyImages, Dominique Charriau/WireImage)

The eldest and favorite daughter.

Delphine Arnaud was appointed (by her father, CEO of LVMH) to head the Dior fashion house

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Bernard Arnaud, CEO of the luxury brand conglomerate LVMH, announces today (Wednesday, 11/01) that he is appointing his eldest daughter, Delphine Arnaud, to head the company's second largest brand - the fashion house Dior, as part of a major change in management The 78-year-old Arnault, the richest man in the world as of early 2023 (overtaking Elon Musk last month), owns Louis Vuitton, Tiffany, Dior and more than 70 of the world's leading luxury fashion brands.


Spring 2023, Ready To Wear

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It is easy to declare that this is nepotism in all its glory, but it appears that Delphine Arnaud (47) earned her position honestly, of course depending on who you ask.

She joined the family business in 2000 after two years at the McKinsey management consulting company, and graduating from the London School of Economics.

Arnault joined the LVMH board in 2003 - becoming the first woman and the youngest person to serve on it.

She comes to the position after a decade as deputy CEO of Louis Vuitton, and was chosen to replace Pietro Baccari as president and CEO of the Dior fashion house.

Meaning: to manage a luxury brand whose value is estimated at 382 billion euros.

This is the biggest role yet to be given to a member of the next generation of the Arnaud family, even with all 5 of Bernard's children taking key roles in the team.

Dior's menswear collection, Resort 2023

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As part of the major change of managers taking place these days in the luxury empire, Pietro Baccari (who was the chairman and CEO of Christian Dior Couture) will replace Michael Burke and be appointed chairman and CEO of Louis Vuitton in his place (after Burke served as CEO of Louis Vuitton for 10 years).

Louis Vuitton OUT, Dior IN.

Delphine Arnaud is the new President and CEO of Dior

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"Pietro Baccari has done an exceptional job at Christian Dior over the past five years," Bernard Arnault said in a statement, "His leadership has accelerated the appeal and success of this iconic house...I am confident that Pietro will lead Louis Vuitton to the next level of success and desirability."

And about his daughter Delphine, Arnaud said in his response: "Under Delphine's leadership, the desirability of Louis Vuitton products has advanced significantly, allowing the brand to regularly set new sales records. Her sharp insights and unparalleled experience will be a crucial asset in driving the ongoing development of Christian Dior."

Louis Vuitton's mesmerizing spring-summer 2023 show, which was held under the leadership of Delphine Arnault

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Both Arnaud (at Dior) and Bacary (at Louis Vuitton) will have to navigate a challenging environment in the short term.

While Arno's appointment actually marks a kind of closing of the circle - as she returns to the brand where she first worked in 2001, where she began working on shoes directly opposite Dior's creative director at the time, John Galliano, and before advancing to become deputy general manager at the corporation.

The management changes at LVMH will take effect on February 1st.


One of the most prestigious and desirable fashion houses in the world

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Source: walla

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