The boss of luxury powerhouse LVMH is a non-mover in this year’s Top 100. Arnault continues to oversee some of the world’s most powerful luxury houses, including Céline, Louis Vuitton and Christian Dior, and recently looked to a new generation of leaders in a reshuffle at the top of its fashion arm. Current Dior boss Sidney Toledano will replace Pierre-Yves Roussel as chairman and CEO of LVMH Fashion Group, while Roussel will become a special advisor to Arnault.
The French conglomerate launched new multi-brand ecommerce site 24 Sèvres in June. Based on LVMH’s Parisian department store Le Bon Marché, the site seeks to capitalise on the growing demand for luxury fashion online. Although it is still early days, 24 Sèvres has already impressed with its polished shopping experience, carefully curated selection and high-quality content.
LVMH also joined fellow luxury giant Kering in banning the use of super-skinny models on its fashion week catwalks. The companies have established a joint charter that states they will employ models who are size six and above.