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FB Roundup: Delphine Arnault, Andrew Forrest, Fred DeLuca and Peter Buck

January 16, 2023

In this week’s FB Roundup, Bernard Arnault appoints his daughter Delphine to run Dior; Andrew Forrest says Australia-to-Singapore solar plan is no longer viable; and the heirs of Subway’s founders are set to reap dividends from $10 billion sale deal.

Bernard Arnault appoints daughter Delphine to run Dior
The world's richest man and chairman of luxury goods giant LVMH, Bernard Arnault, has officially appointed his daughter Delphine as the chief executive officer (CEO) of French luxury fashion house Dior.

Arnault’s eldest child takes the reins in a further management shakeup, having recently assigned his eldest son, Antoine, to run the family-owned holding company Christian Dior SE.

FB Roundup: Antoine Arnault, Jimmy Lai, Yusaku Maezawa

December 13, 2022

In this week’s FB Roundup, Bernard Arnault’s oldest son takes over as CEO of Christian Dior SE; Hong Kong tycoon Jimmy Lai is jailed on a fraud charge; and Japanese billionaire Yusaku Maezawa picks his crew for SpaceX's flight to the moon.

Bernard Arnault’s oldest son takes over as CEO of Christian Dior SE
Antoine Arnault, the eldest son of French billioaire Bernard Arnault, has been officially anointed as the chief executive officer of Christian Dior SE, the family owned holding company which operates luxury goods giant LVMH.

Antoine steps up as both CEO and vice-chairman, replacing Sidney Toledano, the former president of LVMH’s Fashion Group and chief of the Christian Dior Couture brand.

FB Roundup: Birkenstock, Hancock Prospecting, L’Oreal

February 13, 2021

Arnault family’s L Catterton in rumoured Birkenstock takeover bid, Mining magnate Gina Rinehart backs lithium venture, Rocketing e-commerce powers L’Oreal recovery.

Arnault family’s L Catterton in rumoured Birkenstock takeover bid

Birkenstock, the sixth-generation family-owned business and the German footwear industry’s largest employer, could be the next $4.8 billion acquisition by the Arnault family’s private equity firm.

FB Roundup: Tattarang, Ferragamo, LVMH

October 23, 2020

Forrest mining family office Tattarang diversifies into apparel brand RM Williams, Ferragamo family denies minority stake sale claim, Louis Vuitton and Christian Dior power LVMH rebound.

Forrest mining family diversifies into apparel brand RM Williams

Andrew Forrest, the Australian mining magnate and family office principal, says he is “incredibly proud and humbled” to return a former family business to Australian ownership in a $135 million acquisition indirectly from the French family-owned luxury giant LVMH.

FB Roundup special: Family businesses versus the coronavirus

March 15, 2020

Global family businesses are stepping up to the challenge of the deadly coronavirus pandemic by safeguarding staff, adapting production lines and pledging millions of dollars to the medical relief effort.

Lord Bamford (pictured), the second-generation chairman of JCB, said his $5 billion manufacturing family business had been approached by UK Prime Minister Boris Johnson to see if it can help with the production of ventilators. The machines help the breathing of patients whose lungs have been damaged by COVID-19.

Arnault family-owned LVMH buys Tiffany & Co for $16 billion

November 25, 2019

The French family behind the world’s largest luxury group LVMH has made its biggest ever acquisition by adding the US jewellery brand Tiffany & Co to its portfolio for an up-scaled offer of $16 billion.

The $51.5 billion (€46.8 billion) LVMH empire will acquire the $4.4 billion Tiffany for $135 per share in cash, in a transaction with an equity value of $16.2 billion (€14.7 billion). The luxury goods giant increased its offer from $120 per share last month.

Family Business Roundup: Smucker, Takata, and LVMH

February 5, 2015

Smucker snaps up Big Heart Pet Brands for $3.2 billion; Japanese airbag maker adds $30 million to annual losses; and LVMH posts 64% gain in annual profit

Smucker snaps up Big Heart Pet Brands for $3.2 billion

J M Smucker, the Ohio-based family business founded in 1897, has this week purchased Big Heart Pet Brands for $3.2 billion (€2.8 billion).

The deal, Smucker’s biggest ever, will add brands like Milk-Bone dog treats and Meow Mix cat food to a portfolio that already includes Folgers Coffee and Smucker’s jellies.

Louis Vuitton packs its trunk and leaves the Red Square

November 29, 2013

Following public outcry, Louis Vuitton, controlled by France's Arnault family via their juggernaut LVMH, has dismantled a giant promotional replica of one of its trunks in Moscow's Red Square – just days after it was erected.

The luxury luggage company had built the structure to house an exhibition, due to open on 2 December, to celebrate its 120th anniversary.

Louis Vuitton causes controversy in Russia's Red Square

November 27, 2013

Louis Vuitton, a subsidiary of the Arnault family's luxury-goods giant LVMH, has ruffled feathers in Moscow this week by installing a giant monogrammed suitcase mere metres from the mummified body of former leader Vladimir Lenin.

The replica of its iconic travelling trunk will house a temporary museum, due to open in just under a week, which will document the company’s 120-year history.

LVMH launches fashion award

November 21, 2013

Leading luxury family empire LVMH has launched an initiative this week to support young designers.

Announced by second-gen Delphine Arnault, the international award is open to designers 40-years-old or younger, who have already created two ready-to-wear men’s or women’s collections.

A panel of judges, including Karl Lagerfield and Marc Jacobs will decide on the winner, who will receive €300,000 to invest in their fashion company and support from a team of experts from LVMH to help them develop it over a period of 12 months.