By Mimosa Spencer
PARIS (Reuters) – Luxury goods giant LVMH announced on Wednesday a top management reshuffle, putting Delphine Arnault, the daughter of chairman and CEO Bernard Arnault, in charge of one of its leading labels, Christian Dior.
The French group also replaced long-time Louis Vuitton CEO Michael Burke with Pietro Beccari, head of Dior since 2018.
Burke will continue to work with Bernard Arnault, the company said in a statement.
The move follows the recent appointment of Antoine Arnault, Bernard Arnault’s eldest son, to head the family holding company, replacing veteran executive Sidney Toledano.
The tightening of the family’s grip on its empire also comes amid a wave of high-profile successions in other fashion companies in Europe.
(Reporting by Sudip Kar-Gupta and Mimosa Spencer; Editing by Tom Hogue and Mark Potter)
