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luxury goods

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.

Arnault family office and family business enters private equity partnership

January 7, 2016

French family office Groupe Arnault and the eponymous family’s luxury fashion empire LVMH are joining forces with US-based private equity firm Catterton to launch a new global consumer-focused investment firm, L Catterton.

With six distinct fund strategies and expectations to have $12 billion worth of assets under its management once the transaction has been finalised, L Catterton is set to become the largest consumer-focused firm of its kind.

Family luxury conglomerate promotes python farming for conservation

April 1, 2014

The luxury goods industry's passion for python skins is putting pressure on wild python populations in southeast Asia and fuelling illegal hunting, according to a report by a conservation group and French luxury goods conglomerate Kering, but farming the snake genus could provide a sustainable solution.

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.

Delphine Arnault's new Louis Vuitton role

June 26, 2013

French luxury goods group LVMH has announced Delphine Arnault will take a top role at Louis Vuitton – one of the largest luxury brands in the world.

Her father, Bernard Arnault, is the chairman and chief executive of LVMH and the wealthiest person in France. The group is responsible for 60 luxury brands that span fashion, watches and champagne.

Arnault, 38, currently works as deputy general manager at Dior – the majority shareholder in LVMH – but will take up her new post in September. Her new position will be similar to her role at Dior.

Croc star

February 28, 2013

Ethan Koh, the 25-year-old fourth-generation tanner and founder of a London-based fashion business, on modern luxury, artisanship — and how to pick the perfect crocodile skin.

PPR buys Italian luxury family business Brioni

November 8, 2011

The family behind luxury goods maker PPR has acquired Italian men’s wear maker Brioni, owned by descendants of its founding families, as the Paris-based holding company continues to ramp up its portfolio of luxury brands.

The purchase of Brioni, famous for making tuxedos for James Bond films, was for an undisclosed amount.

“Hermes valued more than SocGen” – it’s about time

September 2, 2011

Family-controlled Hermes, the maker of the iconic Birkin bag, silk-print scarf and discreetly branded necktie, is a more valuable asset than the bank Societe Generale.

So it was pointed out in early September when the famous luxury brand, in terms of its market capitalisation on the French stock exchange, was worth more than country’s second-biggest bank.

An analyst quoted in a Bloomberg story about the two firms’ valuations summed up the differences well.

Families, feuds, France - and luxury

June 30, 2011

In the smartest arrondissement in Paris, the eighth, there is an area referred to by the locals as the triangle d’or. It’s formed by three of the most exclusive shopping Avenues – Montaigne, George V and Champs-Élysées – and contains a number of fashionable Rues in between. It is also the home of some of the best-known family businesses in the luxury sector.