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The Guardian - UK
The Guardian - UK
Business
Edward Helmore

Battle for succession in house of Dior: siblings jostle to seize family crown

LVMH Delphine Arnault Bernard Arnault Luxury Alexandre Arnault Louis Vuitton Dior Karl Lagerfeld Rupert Murdoch Christian Dior
Helene Arnault, Bernard Arnault and Delphine Arnault at a 2013 Christian Dior show in Paris.
Helene Arnault, Bernard Arnault and Delphine Arnault at a 2013 Christian Dior show in Paris. Photograph: Petroff/Dufour/French Select/Getty Images

The march of luxury stepped up its pace last week when Bernard Arnault, co-founder, chairman and chief executive of LVMH –AKA “the wolf in cashmere” and the world’s wealthiest man – handed his daughter Delphine the keys to Christian Dior, the Parisian couture house that, in 1947, kickstarted the modern fashion industry with the New Look.

The symbolism of the move was hard to miss: for months, observers have speculated on succession plans within Europe’s most valuable company, a purveyor of fashion, champagne, jewellery and real estate that is at the heart of the global luxury ecosystem.

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