Antoine Arnault, fashion LVMH tycoon Bernard Arnault, has now become the CEO of the holding company Christian Dior SE.
The French conglomerate LVMH is the world's largest luxury goods company, and Christian Dior SE is a listed company that owns most of the Arnault family's stake in LVMH, according to Reuters.
The LVMH (Louis Vuitton Moët Hennessy) group only includes luxury brands such as Fendi, Christian Dior, Givenchy, Louis Vuitton, Marc Jacobs, Stella McCartney, Loewe, Loro Piana, Kenzo, Celine, Fenty, Princess Yachts, TAG Heuer, and Bulgari.
Antoine Arnault will replace Sidney Toledano, a longtime LVMH executive, as head of Christian Dior SE. The decision will enhance the status of Antoine Arnault, one of Bernard Arnault's five sons, all of whom hold important positions in LVMH,
Bernard Arnault's Children - Key Figures In The LVMH Empire
Bernard Arnault is a brilliant businessman. So it's no surprise that he is the second richest man in the world, according to Bloomberg and Forbes data.
His brands, which are incorporated into the Louis Vuitton Moët Hennessy group, expanded fantastically over the years. He leads a fashion empire that is extremely successful nowadays.
And he also included his children in this grand fashion empire, giving them key roles in the business.
Antoine Arnault, 45 years old, and his sister Delphine, 47 years old, are the children of Bernard Arnault's first marriage.
Alexandre Arnault (30) is a director at Tiffany & Co, while Frederic Arnault (27) runs TAG Heuer. The youngest, Jean Arnault (24), is the director of marketing and product development at Louis Vuitton's watch division.
Bernard Arnault, 73, chairman and CEO of LVMH, has not publicly named a successor to lead the world's largest luxury group, built through acquisitions since Christian Dior SE.
Photo Credit: Antoine Arnault & Naomi Campbell / Dior Facebook Page