Antoine Arnault named Christian Dior SE’s new CEO
Christian Dior SE, the listed company that owns the bulk of the Arnault family's stake in LVMH, has named Antoine Arnault as its new Chief Executive Officer and Vice-Chairman of the Board.
Antoine Arnault is the eldest son of Bernard Arnault, the Chairman and Chief Executive Officer at LVMH. He will replace Sidney Toledano, who decided to leave his position at Christian Dior SE.
Toledano stepped down after his recent appointment as Head of the Chambre Syndicale de la Haute Couture, a commission to determine which fashion houses are classified as haute couture.
Bernard Arnault commented: “We warmly thank Sidney Toledano for the utmost professionalism he has always demonstrated while serving this mandate of trust.”
(Antoine) Arnault began his career in an advertising role at Louis Vuitton and has risen through the ranks at LVMH. He achieved his first executive role at the Italian label Berluti and is currently the Chairman of Loro Piana.
Christian Dior added in a statement: “This choice was made in the context of the conversion of Agache SE into a limited joint-stock partnership, which occurred on December 6, and will permit the long-term family control over Christian Dior SE and LVMH Moët Hennessy - Louis Vuitton SE to be perpetuated.”
This news follows LVMH's recorded revenue growth of 31% to £24.4 billion (€27.8 billion) this year, driven by sales at Louis Vuitton, Dior, Celine, and Loewe.
