LVMH heir Alexandre Arnault will join the board of top-end ski wear brand Moncler after the French giant bought a 10% stake in its holding company

Bernard Arnol’s son, 32, is scheduled to join the Monker Monler Board of Directors on the SKI Wear Board of Directors six months after the French giant LVMH concluded with the Italian company.

Alexander’s nomination is still as a member of the Board of Directors to vote at the shareholders meeting in Monler in April.

This step will be an additional role for Alexander, who sits on LVMH and Birkenstock panels. He is currently the CEO of LVMH’s WINES and Spirits Unit Moët Hennessy, who has achieved $ 6 billion in sales last year.

Last September, LVMH investigated Double R, the largest contributor to Moncler and the car owned by its CEO, Remo Ruffini. The Paris -based company has bought a 10 % minority stake at the time, but it has the option to increase its pebble in double R up to 22 %, which will increase its indirect share in Moncler to more than 4 %.

Part of the LVMH deal also granted the right to appoint two members of the Board of Directors at Double R and one in Moncler, as evident from Alexandre’s nomination.

Rovini said that LVMH has gave Moncler “the necessary stability to implement my vision for the future,” according to a statement.

LVMH appears to put strategies about the most profitable parts in its business because it is heading to a brutal brutal shrinkage. Moncler, rare rare that has slowed down, can be the key to this.

The Italian clothing company, which makes skiing jackets worth $ 2000, witnessed sales expectations in 2024, an increase of 7 % on an annual basis to 3.1 billion euros ($ 3.3 billion). Strong demand in all regions – especially Asia, where the demand was slow in some countries – mixed its growth.

Moncler also plans to appoint Coty Coty Sue Y

Any movement in leadership roles between Arnaults is closely monitored in the luxury industry due to hints of what may seem to be the succession of CEO and president Bernard Arnolt. However, it may not retire any time soon, as the company is considering raising the maximum age for anyone carrying his head to 85.

However, children are prepared for several leadership roles within the company, and four of the five have seats on the LVMH panel.

Alexander joined MOëT Hennessy recently, which has played executive roles in Tiffany and Rimowa.

“By moving to Paris headquarters,” said Alan Hunt, a partner in the law firm Luis Silkin. luck In November. “For LVMH, these appointments reflect a mixture of immediate work needs and long -term leadership development, ensuring that the family heritage is still intertwined with the continued innovation and global dominance of the group.”

Other changing changes inside LVMH, too. Earlier this month, Frédéric ARNAULT, one of the heirs of Arnault, was announced as CEO of Loro Piaana, Mason, Italian Fakher under LVMH. His previous roles were in the bloc control department.

Louis Vuitton also announced that she had invaded cosmetics in Prestige, which has proven flexible despite narrow consumer spending. The strategy of providing something relatively inexpensive, however, are familiar-the other high-ranking brands have done recently-but experts told Fortune that it might be a great victory for the company if it starts.

The actors in LVMH are no longer immediately luckRequest to comment.

This story was originally shown on Fortune.com

2025-03-28 12:06:00