Frédéric Arnault, son of LVMH owner Bernard Arnault, has become CEO of luxury conglomerate LVMH's new watch company.
On January 8, 29-year-old Frédéric Arnault will take over as CEO of LVMH Watches, where he will be responsible for the watch brands TAG Heuer, Hublot and Zenith.
LVMH is the world's largest luxury conglomerate, and the letters in the name LVMH represent fashion house Louis Vuitton, champagne producer Möet et Chandon, and cognac producer Hennessy.
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Henrik Foruseth (27 years old) took a 12-week course. This is how you can quickly acquire a new profession.
– My own decision
Frédéric Arnault is the son of the founder, Chairman and CEO of LVMH, Bernard Arnault. He writes that he has been working at TAG Heuer since 2017 Reuters.
– It was my decision to join LVMH. “My father never pushed me to do it,” says Frédéric Arnault. foot.
says Stefan Bianchi, Director of the Watches and Jewelery Department at LMVH Hey ho And that he is very happy to bring Arnault to LVMH watches:
“I'm excited to see what his vision and vision will bring, and how it will create further growth for our three Bell Houses,” says Bianchi.
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The luxurious life of Bernard Arnault: This is the richest man in the world
The third richest country in the world
Bernard Arnault currently holds the title of the third richest man in the world. Shows an update Bloomberg Billionaires Index December 29.
His fortune amounts to $168 billion.
In the first half of last year, LVMH's turnover reached 42.2 billion euros, which represents a 15 percent increase from 36.2 billion euros for the same period in 2022.
The result was 11.6 billion euros.
LVMH was the most valuable company in Europe, with a market capitalization of more than 430 billion euros, but it will be overtaken by Novo Nordisk in 2023.
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