In an article distributed yesterday by French business magazine Challenges ( see the article here , in French), it appears to be that the Watchmaking Division of LVMH (TAG Heuer, Hublot, Zenith) is going to be reshuffled. The article makes reference to (without sources or statements) two significant arrangements: Frédéric Arnault, the 23-year-old child of Bernard Arnault (CEO of LVMH), gets another situation at TAG Heuer and Stéphane Bianchi is delegated as the head of the Watchmaking Division.
First, apparently a youngster, Frédéric Arnault, Bernard’s penultimate child (matured 23), takes on a significantly more significant situation at TAG Heuer. Effectively delegated Head of Connected Watches at TAG in July 2017, he will currently be the Head of Strategy and Digital of the brand. Energetic about new advances, this new Polytechnique graduate (much the same as his father) was at that point responsible for the brand’s 2.0 items, yet he’s now offered a lot more extensive situation at TAG Heuer, a brand with incomes of EUR 900 million.
The second significant news detailed by Challenges is the arrangement of another Managing Director of the Watchmaking Division at LVMH, in the name of Stéphane Bianchi. Beforehand Head of Yves Rocher (a makeup and excellence items bunch situated in France, with incomes of EUR 2 billion), he will presently care for the three brands that comprise this division of LVMH: TAG Heuer, Hublot and Zenith. Challenges reports that when LVMH has offered no official remark on these appointments.
The fundamental inquiry concerns Jean-Claude Biver. While Biver isn’t hiding the truth that he is encountering some medical conditions (he has been less obvious for a couple of months, remembering for online media), we don’t understand how this affects JCB and on the off chance that he will remain CEO of LVMH’s Watchmaking Division or in the event that he will have another part inside the group.
Read the full article on Challenges here .