Bernard Arnault, the richest man on earth, has promoted his daughter to head fashion house, Dior.
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| Delphine Arnault. The new CEO of Christian Dior |
47-year old Delphine Arnault was appointed by Mr. Arnault as part of a reshuffle at LVMH, the most valuable company in Europe.
According to BBC:
It owns a portfolio of high-end brands including Fendi and Louis Vuitton and is worth about £336bn.
All five of Mr Arnault’s children hold management positions at brands in the group
Pietro Beccari, the outgoing head of Dior, will move to replace Michael Burke, the long-time Louis Vuitton Chief.
Ms Arnault and Mr. Beccari are both “well respected”, so these are “logical promotions within the group”, Credit Suisse analyst Natasha Brilliant said.
