LVMH's CEO promoted his second-youngest son, Frédéric Arnault, to be the CEO of Loro Piana.
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LVMH-owned Loro Piana has benefited from the luxury sector's embrace of “soft” or “quiet” luxury, with understated yet exorbitant apparel.
The fashion role is expected to bolster Frédéric Arnault’s credentials as a candidate to one day lead the luxury-goods giant.
LVMH has announced yet another CEO shuffle within the company that now names Frédéric Arnault the new CEO of Loro Piana.
Frederic Arnault, one of the five children of LVMH chairman and CEO Bernard Arnault, will become chief executive of the group ...
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