LVMH scion Frédéric Arnault has been named chief executive of Italian luxury brand Loro Piana.
The move sees Frédéric, one of five children of chairman Bernard Arnault, taking on his first role in the group’s crucial fashion and leather goods division.
Arnault, a graduate of France’s École Polytechnique, previously spent 6 years at TAG Heuer before being named CEO of the group’s watch division in 2024. “His purposeful vision for the watchmaking industry anchored in quality and savoir-faire have proven to be strategic assets for the group. He also played a key role in developing the global partnership between LVMH and Formula 1,” LVMH said in a statement.
Damien Bertrand, Loro Piana’s current chief since 2021, will move to the group’s flagship Louis Vuitton brand as deputy CEO reporting to Pietro Beccari.
Since joining LVMH from L’Oréal’s Maybelline, Bertrand has been a fast-rising star in the group, working alongside Beccari during a period of rapid expansion at Dior before being named to Loro Piana’s top job. “Under his tenure, Loro Piana reconnected with its entrepreneurial DNA to introduce unique new fabrics, develop a fast-growing leather goods business and modernise its image,” LVMH said.
In another internal move, Pierre-Emmanuel Angeloglou, a former L’Oréal and Louis Vuitton executive who was named CEO of Fendi in June in addition to his mandate as managing director of LVMH Fashion Group, is stepping down at the Roman furmaker. Angeloglou has been named deputy CEO of Christian Dior Couture, in charge of “commercial activities, industrial, finance and legal,” where he’ll work alongside CEO Delphine Arnault (with whom he previously worked at Louis Vuitton).
LVMH has been shaking up its commercial and creative ranks in recent months as it seeks to launch a new cycle of growth amid generational change and a sector-wide downturn for luxury. The group named a new deputy CEO last year, Stéphane Bianchi, while Tiffany’s Alexandre Arnault and longtime CFO Jean-Jacques Guiony were tasked with seeking a turnaround for the its underperforming wine and spirits division.
A new designer at Givenchy, former McQueen creative director Sarah Burton, showed her debut collection last week. Michael Rider is set to present his first outing for Celine in July, with further creative shakeups expected at Loewe, Dior and Fendi.
New CEOs for both Fendi and LVMH Watches will be announced “shortly,” LVMH said.
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