World's richest man puts daughter in charge of Christian Dior
Delphine Arnault – the 47-year-old daughter of Bernard Arnault – was promoted to the top job at Christian Dior, the company said Wednesday.
Of the five, Delpine Arnault has been most involved in fashion, as head of the group’s fashion prize for upcoming designers. “Both [Delphine and Beccari] are well respected; logical promotions within the group,” said Credit Suisse analyst Natasha Brilliant. Beccari, meanwhile, who also previously led LVMH-owned label Fendi, increased sales at Christian Dior three-fold to 6.6 billion euros during his tenure, according to estimates from Citi. LVMH does not provide a breakdown of annual sales of its brands.
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