Dior gets Bernard Arnault's daughter Delphine as its new CEO
By MYBRANDBOOK
Bernard Arnault, Chairman and CEO of LVMH has reshuffled top management with the appointment of his daughter Delphine to lead Christian Dior, and naming a new boss for Louis Vuitton. Pietro Beccari, who has been the head of Dior since 2018, is moving to replace long-time Louis Vuitton CEO Michael Burke, 65.
Delphine Arnault, 47, has worked at Louis Vuitton for the past decade alongside Burke and previously spent a dozen years at Dior.
Burke, who is Bernard Arnault's longest-serving lieutenant and has also been chairman of jewellery label Tiffany, will continue to work alongside the Arnault senior, the company said in a statement, without detailing his new role.
Shares in LVMH rose as much as 2% to hit new highs. Shares in luxury companies have been boosted recently by the easing of COVID-19 restrictions in China, a key market.
One of the fashion industry's most influential executives, Burke oversaw soaring growth at Louis Vuitton, the world's largest luxury label, playing a key role for example in elevating street styles to the realm of luxury in recent years.
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