2024-01-06 06:10:01
Money Today Reporter Park Ga-young | 2024.01.06 15:10
/Photo = Online community, Frédéric Arnault Instagram Frédéric Arnault (29), the fourth son of Bernard Arnault (74), chairman of Louis Vuitton Moët Hennessy (LVMH), the world’s largest luxury goods company, became the head of LVMH’s watch division.
According to Bloomberg News on the 5th (local time), LVMH announced that Frederick had been promoted to CEO of the LVMH watch division, which owns brands such as TAG Heuer, Hublot, and Zenith. LVMH is a company that owns over 50 luxury brands, including Louis Vuitton, Dior, and Fendi.
Frederic has served as CEO of TAG Heuer since 2020. However, it has been reported that even following his promotion, Frédéric will still have to report to Stefan Bianchi, CEO of the watch and jewelry division.
Frederick is also known as the romantic partner of Lisa of the group Blackpink. Romance rumors arose in July last year when Lisa was spotted eating at a restaurant with Arno in Paris, France. Afterwards, the dating rumors gained momentum as photos of the two sitting together at the airport and photos of Frédéric Arnault’s family and Lisa appearing to have gone on a trip together were released. In relation to this, YG Entertainment has not made any statement.
Chairman Arnault’s five children, including Frederick, appear to be solidifying their position within LVMH by participating in the management of major brands. Chairman Arnault appointed his eldest daughter, Delphine (46), to the position of Dior CEO early last year. Dior is the second largest fashion brand within the group. Her eldest son Antoine, 46, serves as CEO of Christian Dior SE, the LVMH holding company. The third, Alexandre (31), is the vice president of the jewelry brand Tiffany, and the youngest, Jean (25), is the head of marketing and development in the watch division.
The possibility of Chairman Arnault’s retirement is currently low. LVMH raised the CEO retirement age from 75 to 80 in 2022.
[저작권자 @머니투데이, 무단전재 및 재배포 금지]
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