The news that Frédéric Arnault officially became CEO at LVMH Group is receiving a lot of attention.

On January 5, international media reported that Frédéric Arnault (29 years old), son of French billionaire Bernard Arnault, was officially appointed to a new position at LVMH Group.

It is known that the new position that Frédéric Arnault will take on is CEO of LVMH Group’s watch segment. Previously, Frédéric also had special experience in this field when he had 6 years working at the Swiss sports watch brand TAG Heuer, the most important watch brand of the 240 million dollar luxury brand empire. family’s billion dollars.

Frédéric Arnault became CEO of LVMH’s watch division

In his new role, Frédéric will not only oversee TAG Heuer’s activities but will also oversee other famous watch brands owned by LVMH such as Hublot and Zenith. This is also a sign that LVMH Chairman Bernard Arnault is trying to let his children take on many important positions, as well as being ready to cede the “throne” to his children after he retires. .

After Frédéric was promoted, Zenith CEO Julien Tornare was expected to replace the CEO position at TAG Heuer and Benoit de Clerck, former Richemont director, was recruited to hold the executive seat. at Zenith. Both Julien Tornare, Benoit de Clerck and Ricardo Guadalupe – Hublot’s long-time chief executive, will all be under the direction of Frédéric Arnault.

Is Chairman Bernard Arnault ready to pass on his “throne” at LVMH to his children?

Frédéric Arnault is the son of luxury goods tycoon Bernard Arnault and his current wife Hélène Mercier. Bearing the surname Arnault, Frédéric was destined from birth to be the one who, along with his siblings, would inherit the LVMH brand empire.

Despite owning huge assets, the Arnault family is said to lead a rather private life. However, since July 2023, Frédéric Arnault has often become the focus of the press after dating rumors broke out between him and BLACKPINK member Lisa. Although they have never confirmed their relationship, the fact that the couple is often seen appearing together at many places is said to be an implicit confirmation of their relationship.

Frédéric Arnault and Lisa (BLACKPINK) are said to be dating