LVMH's CEO promoted his second-youngest son, Frédéric Arnault, to be the CEO of Loro Piana.
The fashion role is expected to bolster Frédéric Arnault’s credentials as a candidate to one day lead the luxury-goods giant.
Laurent Marcadier, LVMH’s former security chief and a former magistrate, was acquitted as was police prefect Pierre Lieutaud.
Frederic Arnault, one of the five children of LVMH chairman and CEO Bernard Arnault, will become chief executive of the group ...
Frédéric Arnault is to succeed Loro Piana CEO Damien Bertrand, who moves to become second-in-command at Vuitton.
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