Frédéric Arnault, the son of the CEO of LVMH Bernard Arnault (the umbrella company which owns Louis Vuitton, Dior, Fendi, and Givenchy, to name but a few) has been appointed the new CEO of LVMH-owned Italian brand Loro Piana, which is renowned for its cashmere and synonymous with the quiet luxury and stealth wealth aesthetic, re-popularised over the past few years by TV show Succession. Previously, Arnault served as the CEO of LVMH watches.
The 29-year-old will join the brand from the 26th of March for a period of transition when he will work alongside the current head of Loro Piana, Damien Bertrand, who’s moving on to become deputy CEO of Louis Vuitton and will also join the LVMH executive committee. Meanwhile, Dior also has a new deputy CEO, Pierre-Emmanuel Angeloglou. Angeloglou is currently managing director of the LVMH Fashion Group overseeing brands including Kenzo, Pucci and Patou and is Fendi’s CEO.
The shakeup at the juggernaut comes amid other leadership machinations at the company: last month, Alexandre Arnault became the deputy head of Moët Hennessy after stints at Tiffany and Rimwa, while Bernard Arnault himself is hoping to extend his reign at LVMH until he’s 85, pending a shareholder vote to amend the company’s existing age limits.
Homepage image via LVMH©
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