LVMH, the world's largest luxury group, recently announced new personnel changes, the third son of the group's boss Bernard Arnault, the former president of TAG Heuer Frédéric Arnault (who had a rumored affair with South Korean actress Lisa) immediately became the president of LVMH's watch department, representing that in addition to TAG Heuer, the brands he will manage in the future include Hublot and Zenith under the group.
With this new personnel change for the LVMH Group, the aim is to improve the performance of the watch business, which was previously estimated to generate a combined annual revenue of $1.9 billion, and with Frédéric Arnault taking over, it is clear that the group hopes that under his leadership, the sales performance of these well-known watch brands will be even better.
In fact, Frédéric Arnault will change his new position on January 1, 2024, and the vacancy left by his promotion will be filled by Julien Tornare, the president of Zenith, so that the president of Zenith will also become vacant, as a result, LVMH finally found Benoit de, who has been with Richemont for more than 25 years and has served as a senior executive of IWC, Panerai and other brands When Clerck is at the helm of Zenith, the watch brand of the LVMH Group has experienced a personnel storm in 2023~2024, and the next step is to meet the challenges of the new year and the future under the leadership of the new management.
▲TAG Heuer has stepped out of his own style under the leadership of Frédéric Arnault in recent years, and whether he can lead the LVMH watch department to a more brilliant performance is quite concerned by the outside world.
Although you are the president of LVMH's watch division, Frédéric Arnault also has a direct officer, that is, Stéphane Bianchi, president of LVMH's jewelry and watch division, he mentioned in an official statement that he is very happy that Frédéric Arnault has entered LVMH's watch division. Frédéric Arnault will now bring his expertise and creativity to more LVMH watch brands, and we look forward to the future of LVMH's watch division, which will be as surprising as TAG Heuer.
As early as the fourth quarter of 2023, there were already rumors that Frédéric Arnault would leave TAG Heuer, and at that time there were many opinions about his new destination, and in the end, Frédéric Arnault always followed Stéphane Bianchi, who was like his mentor in the workplace, into the LVMH watch department, and it seemed that Frédéric would be in the successor team of the LVMH group For the time being, Arnault has been placed in charge of leading the watch brands, and what new aspects he will lead the development of the three brands will not only be valued by Stéphane Bianchi and LVMH, but also by the outside world.
Article source: World Watches
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