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Frederic Arnault to become CEO of LVMH Watches. LVMH Watches & Jewelry Simon-Jules Darthos Laura Stritt Elena de Cominges chao ROZE Antonella Marcìa Rosa Ferreiro Juan Romero Brufau Theresa Suesakul, SPHR Chloe Pan Antonia Albert Seitaro Kano Aliya-Mara Krucker #pentoz #ceo #innovation #ai #news #newsupdate #update #january #january2024 #developmentcompany #appdevelopmentcompany #innovation2024

Who is working with whom in the beauty licensing space? The attached image shows the licensing relationships between the biggest brands groups (in black) and the main beauty partners (in blue) they work with. The most interconnected beauty partners are Coty and Interparfums with six and five different relationships respectively. This does not mean that the other beaty partners have less licensees but many of them are either with single-brand companies or with smaller brands groups. On the other hand, we see Kering still depending on four different beauty partners despite having opened up an internal beauty division in 2023. We do expect this picture to change for both Kering and Richemont in the near future though (not necessarily for LVMH). Once we add the single-brand companies and smaller beauty partners this picture gets even more complicated and especially fluid over time. #brandlicensing #beautylicense #beautyindustry #beauty #beautycompanies Give Back Beauty PARLUX LTD. EuroItalia Lalique L'Oréal

Generational shift at the top of LVMH: Toni Belloni, 69, the number 2 at the luxury group, is passing on the baton to Stephane Bianchi, 59. Arnault did say in January the head of the watches and jewelry unit would soon have new responsibilities. When we asked what exactly he'd meant after the annual results presentation, he didn't expand. Belloni spent over 2 decades at the top of LVMH, helping Arnault steer the bling ship. He'll still have some responsibilities, notably strategic missions and will be President of LVMH Italy. For Bianchi, it's quite the move. He joined LVMH in 2018 and steadily rose through the ranks. Becoming the number 2 at the second biggest market cap in Europe is no small feat. #lvmh #managementchanges

Thanks Bastian Consulting Continuous learning will always be the key to success.

Am I the only person who that thinks while acquiring Richemont is technically feasible for LVMH, the ramifications could transform the entire luxury world into a dystopian Orwellian novel? Imagine a landscape where power is centralized under one entity, stifling independence, and competition. A scenario where one dominant force dictates terms, leaving little room for innovation and individual expression. Acquiring Richemont would catapult LVMH into a completely different stratosphere compared to the rest of the luxury industry. As enticing as the prospect of such a powerful conglomerate might be, it raises critical questions about the future of the luxury sector. Can we afford to trade diversity and creative freedom for monopoly and uniformity? #LuxuryIndustry #CreativeFreedom #MarketMonopoly #InnovationInPeril #LVMH #Richemont #LuxuryTakeover #IndustryFuture #BusinessEthics #FashionDebate

In case you missed: MB&F EXPLAINS WHY CHANEL BOUGHT A 25 PERCENT STAKE After LVMH snapped up the high-end table clock maker L’Épée at the end of June, it’s CHANEL’s turn to invest in a prestigious and creative watchmaker: MB&F. MB&F stands for Maximilian Busser Büsser and Friends. It is known for its futuristic designs and three-dimensional cases and has helped L’Épée rise to stardom through audacious collaborative creations. The investments are part of CHANEL and LVMH’s strategy to forge close ties with the best and most innovative watchmakers in Switzerland and gain access to rare know-how. They represent paltry sums but they elevate the two groups to the status of benefactors of the watch industry. Read more: https://lnkd.in/dgMf3SW9

Two great names in the luxury field joining forces, sharing know-how, financial resources and creating positive synergies! #chanel #MB&F #luxury #startup #businessdevelopment #salesdevelopment #scaleup #creativity

To give some context I am speaking about my journey with Dyslexia and the limitations that were put on me by the educational systems and also in some work settings. which then had become a driving force behind my focus. #Next #BBBAs2024 #leadership #career. #GOW #rockingurteens #rolemodel #career

South Koreans are emerging as the top spenders on luxury goods, so luxury brands are adapting their strategies to cater to their preferences. A great example of this is Gucci's new cultural initiative, which is set to honour the rich heritage of Korean culture by showcasing the achievements of local artists on a global platform. This initiative reflects Gucci's commitment to fostering #cultural connections and paying tribute to Korean creativity. Gucci aren't only targeting the #luxury consumer here - they are specifically building their strategy around the younger #GenerationMZ consumer. A significant 43% of luxury goods consumers in South Korea in 2023 were in their 20s and 30s, highlighting the importance of engaging with this #demographic. And Gucci aren't the only ones - many #brands have moved online to e-commerce platforms to attract younger, tech-first consumers and are entering partnerships with a growing pool of K-pop artists as brand ambassadors, tapping into local cultural #fandoms. It's an exciting space to watch, and an even more exciting place to play! https://lnkd.in/gZ7mE9bn Vogue Business