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Christian Dior SE (CHDRF)
- Reuters
LVMH rejigs beauty division, names Stephane Rinderknech CEO
LVMH, the world's largest luxury company, on Monday named Stephane Rinderknech as chairman and CEO of its beauty division, rounding out a series of broader management changes at the owner of Guerlain and Parfums Christian Dior. A former L'Oreal executive with extensive experience in the U.S. and Asia, Rinderknech joined LVMH in 2022 and has been heading the group's hotels business, which he will continue to also manage. "Stéphane has since his arrival guided the rebound of our hotel activities with considerable strategic agility, driving tremendous momentum across the entire organization," Group Chairman and CEO Bernard Arnault in a statement Monday.
- The Guardian
Battle for succession in house of Dior: siblings jostle to seize family crown
The world’s richest man, Bernard Arnault, is choosing which of his children will lead his $418bn conglomorate. Cue gold-plated intrigue and drama …
- Reuters
Gucci hits runway as fashion world awaits new designer
Gucci kicked off Milan fashion week on Friday with a lineup of slouchy, androgynous menswear styles, forging ahead with its latest collection while the industry waits for owner Kering to name a new designer for the label. French luxury group Kering faces pressure to quickly find a replacement following the abrupt departure in November of Alessandro Michele, the flamboyant designer who was a favourite of Harry Styles and Lady Gaga, and reignite sales growth at its largest brand, which accounted for two thirds of profits in 2021. The question of who will steer Gucci's creative direction loomed over the megabrand's first men's show in the Italian fashion capital in three years.
