Position last year: 37
When you consider that LVMH’s brand portfolio includes Louis Vuitton, Fendi, Berluti, Loewe, Celine, Christian Dior, Givenchy, Kenzo, Donna Karan and Marc Jacobs, it’s fair to say that chairman and chief executive officer Bernard Arnault has a pretty significant influence on the luxury fashion industry.
And as the largest luxury conglomerate, 2015 was a positive year for Arnault as revenues reached €16.7bn (£11.7bn) in the first half of 2015, up 19% from a year earlier. Arnault also happens to be the second richest person in France, with his overall family’s wealth reaching over $36.1bn (£23.9bn) as of October 2015, according to Forbes.
This year also saw some big moves within Arnault’s brand portfolio. Donna Karan announced she was stepping down from her eponymous brand, with the creative reigns handed over to Public School duo Dao-Yi Chow and Maxwell Osborne. October also saw the shock news that Raf Simons, the creative director for womenswear, haute couture and accessories at Christian Dior was leaving after just three and a half years. Credited for breathing new life into the storied fashion house following the scandal surrounding former creative director John Galliano, Simons’ replacement has yet to be announced.