LVMH’s billionaire owner Bernard Arnault appointed his daughter Delphine as the new head of Christian Dior.
The 47-year-old will serve as chair and CEO of the French label staring in February following a major shakeup at the conglomerate with Louis Vuitton, Fendi, Givenchy and Tiffany.
Delphine will move from Vuitton, where she has been executive VP since 2013. Before that she was at Dior for over a decade.
In a press statement, Bernard Arnault said,
Under her leadership, the desirability of Louis Vuitton products advanced significantly, enabling the brand to regularly set new sales records.
Her keen insights and incomparable experience will be decisive assets in driving the ongoing development of Christian Dior.”
COVID affected the bottom line at many of LVMH’s luxury brands. In the next two months, Dior will present new menswear, couture and women’s ready-to-wear lines at Paris Fashion Week.
Arnault’s second child, Antoine, will become as CEO of the holding company that the family owns its controlling stake in LVMH. Dior’s outgoing boss Pietro Beccari will take over Louis Vuitton.
Dior has appoint powerful celebrity ambassadors and collaborators, from Travis Scott to K-pop star Jisoo. Ever ambitious runway shows has seen the label use the Great Pyramids of Giza as a backdrop for its Fall 2023 menswear collection and the brand’s 75th birthday.
With a net worth of $171 billion, Arnault became the world’s richest man when Elon Musk lost $200 billion of his fortune last year, the most any one person has ever lost in world history.
(Giza photo, Alessandro Garofalo for Dior; via CNN)
