On January 8, 29-year-old Frédéric Arnault will take on the role of CEO of LVMH Watches, where he will be responsible for the TAG Heuer, Hublot and Zenith watch brands.
LVMH is the world’s largest luxury group, and the letters in the name LVMH represent the fashion house Louis Vuitton, the champagne producer Möet et Chandon and the cognac producer Hennessy.
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Henrik Furuseth (27) followed a 12-week course. This way you can get a new career quickly.
– My decision
Frédéric Arnault is the son of the founder, president and CEO of LVMH, Bernard Arnault. He has worked for TAG Heuer since 2017, writes Reuters.
– It was my decision to join LVMH. My father never pushed me to do it, Frédéric Arnault tells the FT.
Stephane Bianchi, director of LMVH’s watches and jewelry division, tells Yahoo he is very pleased that Arnault is joining LVMH Watches:
– I’m excited to see what his insight and vision will bring, and how it will create further growth for our three houses, says Bianchi.
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The luxurious life of Bernard Arnault: this is the richest man in the world
The third richest in the world
Bernard Arnault currently holds the title of the third richest in the world. Shows an update to the Bloomberg Billionaires Index as of December 29.
He has assets of 168 billion dollars.
In the first half of last year, LVMH recorded revenue of 42.2 billion euros, up 15% from 36.2 billion euros in the same period in 2022.
The result was 11.6 billion euros.
LVMH was Europe’s most valuable company, with a market value of more than 430 billion euros, but was overtaken by Novo Nordisk in 2023.
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