Meet Alexandre Arnault, the 29-year-old son of Europe's richest billionaire and potential heir to the world's biggest luxury empire
For weeks, Alexandre Arnault, then the 27-year-old CEO of the premium luggage brand Rimowa, was hyping up the company's ski-themed holiday party. Held in December 2019 in Paris, the celebration would be at a ritzy venue overlooking the hilltop district of Montmartre. Employees would compete in games to win Rimowa suitcases as prizes. A former IT employee said the boss urged everyone to go"in their best outfits.
Alexandre's failure to materialize that evening was a letdown to employees who were eager to get to know the young CEO, who's the son of the world's third-richest man and potential heir to the largest luxury empire. His father, Bernard Arnault, runs LVMH, which owns brands including Louis Vuitton, Dom Perignon, and Christian Dior. Bernard Arnault's $170 billion fortune puts him behind only Jeff Bezos and Elon Musk in personal wealth.
Alexandre's audition comes in the form of a leadership role at Tiffany's. In January, the 29-year-old was. The role has positioned him as a strong contender to one day head up the conglomerate, but he now faces his biggest and most visible challenge yet: transforming Tiffany from an iconic yet languishing brand into a global powerhouse.
An LVMH representative said Bernard has not yet considered when he will retire or who will be his successor. His children"are all focused on their current position to grow their business and contribute to the group," the representative said.
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