Antoine Arnault Steps Down as Berluti CEO Following LVMH Leadership Shifts
The resignation of Antoine Arnault as CEO of Berluti within the LVMH empire has sparked a global discussion about who will take the reins at the world's foremost luxury conglomerate.
Antoine Arnault has announced his departure as Berluti's CEO, according to a statement from LVMH on Wednesday, November 22, fueling speculation about his successor within the world's leading luxury group.
This move has prompted a shuffle in the leadership of the group's watch and jewellery division. Jean-Marc Mansvelt, CEO of Chaumet, will take over Arnault's position at the prestigious French menswear brand, while Fred Charles Leung, the current CEO of Chaumet, will succeed Mansvelt, effective January 1, 2024. The team under Leung has indicated that news about a replacement will be disclosed "at the appropriate time."
While Arnault, the eldest son of LVMH Chairman and CEO Bernard Arnault, will retain his chairmanship at Berluti, he will continue to hold key roles as chairman of Loro Piana, oversee LVMH's image and environmental efforts, serve as the CEO of Christian Dior SE, and maintain a seat on the LVMH board of directors.
Despite these recent changes, there is no indication that Bernard Arnault will step down soon. LVMH eliminated the age limit for chief executives last year, suggesting that the family patriarch could remain at the helm until he reaches 80.
