The global luxury group LVMH’s Chairman, Bernard Arnault, has designated his fourth son, Frédéric Arnault (29 years old), as the Managing Director of Financiere Agache, the main holding company for LVMH.
According to sources, Frédéric Arnault and BLACKPINK’s Lisa are currently in a romantic relationship, as they have been seen on multiple dates together.
In the midst of the competition for the position of Head of LVMH, the conglomerate that holds ownership of luxury brands such as Louis Vuitton, Dior, Tiffany&Co., among others, Frédéric Arnault, one of the five children of Bernard Arnault, is also diligently laying the groundwork for his future succession.
On June 6th (according to local time), the FT (Financial Times) released an article stating that LVMH has named Frédéric Arnault, the CEO of its Watch division, as the Managing Director of Financière Agache. This holding company belongs to LVMH and the Arnault family’s investment firm, which holds a 96% stake in Christian Dior. Additionally, Christian Dior holds a 42% interest in LVMH. The Arnault family currently holds 48% of LVMH’s shares and 64% of the voting rights.
Frédéric Arnault, the third son and fourth child of Bernard Arnault, followed in his father’s footsteps by graduating from the prestigious engineering university École Polytechnique in Paris. In 2017, he joined TAG Heuer to gain valuable management experience and was promoted to CEO in 2020, positioning him as a possible successor. In addition to his role as CEO of TAG Heuer, Frédéric also assumed the position of Managing Director at Financière Agache, which oversees the LVMH Watch division including brands such as Hublot and Zenith.
The official announcement of the succession of LVMH Group is still pending. In 2022, Arnault successfully convinced the board of directors to increase the retirement age from 75 to 80, stating that he had no plans to step down. Despite this, some analysts speculate that Arnault is carefully considering his five children as potential successors, including his eldest daughter Delphine Arnault (Chief Executive Director of Dior), his eldest son Antoine Arnault (vice chairman CEO of Christian Dior SE and LVMH’s image and sustainability manager), his third son Alexandre Arnault (senior executive of Tiffany&Co.), Frédéric Arnault, and his youngest son Jean Arnault (product development and marketing director of Louis Vuit
As reported by FT, the shifts in responsibilities among the five children within the LVMH group may indicate Bernard’s decision for the company’s succession plan.
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