Bernard Arnault named his daughter Delphine to run LVMH’s second\u002Dbiggest brand, Dior, the latest step to elevate his children to key posts.
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The promotion will give Delphine “more of a front line exposure at Dior,” said Luca Solca, an analyst at Sanford C. Bernstein.Article content Delphine, 47 and the eldest of Arnault’s five children, has been executive vice president of Louis Vuitton for the past decade, in charge of supervising all of the brand’s product-related activities. In her new role at Dior, she’ll work closely with Charles Delapalme, who now becomes managing director at the brand.
The reshuffle comes at a moment when both Dior and Louis Vuitton are thriving. While LVMH doesn’t break down financial numbers by brand, the fashion and leather goods unit’s growth had been led by Dior in the third quarter. This division also houses Louis Vuitton as well as Fendi, Celine and other fashion labels.
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