LVMH label Loewe said on Monday that creative director Jonathan Anderson was leaving the Spanish luxury house after 11 years in the role.
LVMH is trying to keep Bernard Arnault, 76, in charge for nearly another decade. The company proposed changing its bylaws to raise the age limit of its chairman and CEO to 85.
Shareholders in the luxury group are set to vote on a proposal to raise the maximum age for its chairman and chief executive.
Frederic Arnault, one of the five children of LVMH chairman and CEO Bernard Arnault, will become chief executive of the group's high-end Italian cashmere label Loro Piana in June, the world's biggest luxury group said in a statement on Wednesday.
LVMH, once a luxury sector leader, is losing its dominant position with only 1% organic growth in Q4, lagging behind peers like Richemont, Prada, and Hermes. LVMH's unique position between ultra-luxury and aspirational luxury, driven by strong management and brand desirability, is now under threat. The company has been downgraded to a 'Hold' rating due to its recent underperformance and lackluster 2024 full-year results.
LVMH-owned newspaper group Les Echos-Le Parisien is not party to a lawsuit involving French media against Elon Musk's X that it previously said it would join, according to a court official, and four media industry sources said the LVMH papers no longer planned to sue the platform.
Sales of watches and jewelry at luxury giant LVMH rebounded in the latest quarter and continued to shine into January, according to several of the company's brand CEOs. Read more: Click Here
Alexandre Arnault is taking a key role at LVMH's $6 billion wine and spirits business just as U.S. President Donald Trump risks unleashing a trade war, complicating a turnaround effort that could decide the 32-year-old's future in his father's empire.
Bernard Arnault has said LVMH has no plans to relocate the company. It follows backlash over his criticism of proposed French tax hikes.
Sales of watches and jewelry at luxury giant LVMH rebounded in the latest quarter and continued to shine into January, according to several of the company's brand CEOs. The CEOs of Tiffany & Co., TAG Heuer and Bulgari and the director of watches for Louis Vuitton weigh in on China sales, tariffs and luxury best-sellers.
LVMH's Dior Homme brand has announced the departure of influential designer Kim Jones after seven years at the fashion label. Having held a final Dior menswear show last week, Jones' exit follows a string of high-profile designer reshuffles in recent years as the industry grapples with subdued growth.
Fashion designer Kim Jones is leaving LVMH's Dior Homme brand, said the company on Friday.