Thursday , 29 February 2024
Home Brands Antoine Arnault Relinquishes Berluti CEO Role
Brands

Antoine Arnault Relinquishes Berluti CEO Role



Antoine Arnault is relinquishing his role as CEO of Berluti, parent company LVMH said in a statement on Wednesday.

The move has triggered an executive shuffle in the group’s watches and jewellery unit.Chaumet chief executive Jean-Marc Mansvelt will succeed Arnault at the French menswear brand, while Fred chief executive Charles Leung will succeed Mansvelt at Chaumet, effective January 1, 2024. Leung’s replacement will be announced “in due course,” the group said.

Arnault, eldest son of LVMH chairman and CEO Bernard Arnault, will remain chairman of Berluti, alongside his duties as chairman of Loro Piana, head of image and environment for LVMH, chief executive of holding company Christian Dior SE and LVMH board member.

Whether Arnault will take on further responsibilities remains to be seen.

Learn more:

The Party May Be Over, but LVMH Has Moves to Make

Softening sales growth at the French giant was the latest sign that the post-pandemic luxury boom is over, but chairman Bernard Arnault may be able to play the weak market to his advantage.



Source link

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Brands

Yohji Yamamoto Men’s Fall 2024

In an industry that’s all about speed, youth and the new, new...

Brands

Why Priscilla Presley’s ’60s Makeup Is Popular Again

Priscila Presley, who became known for her marriage to Elvis Presley and...

Brands

Lazoschmidl Men’s Fall 2024

Josef Lazo and Andreas Schmidl chose to look back at their early,...

Brands

Ariana Madix & More Fashion at ‘Vanderpump Rules’ Season 11 Premiere

Following last season’s shocking “Scandoval,” Bravo’s “Vanderpump Rules” returns for an 11th...