Categories: Fashion

LVMH’s Frederic Arnault named managing director of family holding Financiere Agache

By

Reuters

Published



Jun 6, 2024

Frederic Arnault, one of LVMH Chairman and CEO Bernard Arnault‘s five children and heirs, has been named managing director of the family holding company Financiere Agache, adding to his roles in the sprawling luxury empire.

Frederic Arnault – LVMH

Frederic Arnault, 29, who is CEO of LVMH watches, replaces Nicolas Bazire, and will also serve on the board of the holding company as a representative of Agache, the family company that controls it, the company website showed.

The appointment was confirmed by a company spokesperson on Wednesday.

All five of the chairman’s children hold top management roles in the luxury group, the world’s largest, with labels Louis Vuitton and Dior.

Frederic Arnault and his older brother Alexandre, 32, were approved in April to join the LVMH board, whose members also include siblings Antoine, 46, and Delphine, 49.

Bernard Arnault, 75, recently reshuffled the top ranks of management at LVMH, but has shown no signs of stepping back, saying in January that he did not intend to leave in the near or medium term.

The group raised the age limit for his role to 80 two years ago.

Financiere Agache owns 96% of family holding company Christian Dior, which holds 42% of LVMH.

© Thomson Reuters 2024 All rights reserved.

News Today

Recent Posts

Kareena Kapoor’s Next Untitled Film With Meghna Gulzar Gets Prithviraj Sukumaran On Board

Kareena Kapoor is working with Raazi director Meghna Gulzar for her next film. The project,…

17 hours ago

Purdue basketball freshman Daniel Jacobsen injured vs Northern Kentucky

2024-11-09 15:00:03 WEST LAFAYETTE -- Daniel Jacobsen's second game in Purdue basketball's starting lineup lasted…

17 hours ago

Rashida Jones honors dad Quincy Jones with heartfelt tribute: ‘He was love’

2024-11-09 14:50:03 Rashida Jones is remembering her late father, famed music producer Quincy Jones, in…

17 hours ago

Nosferatu Screening at Apollo Theatre Shows Student Interest in Experimental Cinema – The Oberlin Review

2024-11-09 14:40:03 A silent German expressionist film about vampires accompanied by Radiohead’s music — what…

18 hours ago

What Are Adaptogens? Find Out How These 3 Herbs May Help You Tackle Stress Head-On

Let's face it - life can be downright stressful! With everything moving at breakneck speed,…

18 hours ago

The new Mac Mini takes a small step towards upgradeable storage

Apple’s redesigned Mac Mini M4 has ditched the previous M2 machine’s SSD that was soldered…

18 hours ago