Nationwide power outage hits Lebanon amid extreme heat wave
Lebanon experienced a nationwide power outage from midnight on Sunday, officials reported, as authorities work to restore electricity across the count...
Frederic Arnault, one of the five children of LVMH, opens new tab chairman and CEO Bernard Arnault, will become chief executive of the group's high-end Italian cashmere label Loro Piana in June, the world's biggest luxury group said in a statement.
The move is part of an ongoing extensive top management reshuffle as a new generation rises through LVMH's ranks.
All of Bernard Arnault's children hold top management positions in the company, with Frederic heading LVMH's watches division for the past year.
While Bernard, 76, has given no indication he intends to step down any time soon, his children are all closely watched for signs of moving ahead in the race to succeed him one day.
Damien Bertrand, who currently heads Loro Piana, will become deputy CEO of Louis Vuitton and will join the group's executive committee next year while Pierre-Emmanuel Angeloglou will join Christian Dior Couture as deputy CEO, reporting to Delphine Arnault.
The new CEO of Fendi will be announced shortly, LVMH added.
Frederic Arnault, 30, was previously CEO of watch brand Tag Heuer and played a key role in LVMH's 10-year Formula 1 sponsorship deal, announced last year.
He will join Loro Piana in March for a transition period alongside Bertrand, who oversaw a surge in growth at the label.
Loro Piana, which sells "Gift of Kings" loafers priced at 1,700 euros ($1,853) and lightweight cashmere coats at over 10,000 euros, became a symbol of the success of the fashion industry's quiet luxury trend, as wealthy clients sought more discreet styles in the post-pandemic period.
Frederic Arnault will report to his father's former long-time deputy, Toni Belloni, who stepped down a year ago and moved to Italy to head the group's operations there.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
A rare first edition of J.R.R. Tolkien’s 'The Hobbit' has sold for £43,000 at a UK auction after being discovered in a Bristol home.
OpenAI’s GPT-5 model is nearing release, with early testers praising its coding and problem-solving skills, though experts say the leap from GPT-4 may be smaller than previous upgrades.
The Princess of Wales has launched a series of animated films on YouTube aimed at supporting children's emotional and social development. The project, developed by the Royal Foundation Centre for Early Childhood, is designed for use by charities, families, and early years education professionals.
Two Zara advertisements have been banned in the UK after regulators ruled they promoted an irresponsible body image by featuring models who appeared excessively thin, according to Euronews.
Remember when the metaverse was going to change everything? In 2021, tech giants raced to build virtual worlds, and Facebook even changed its name to 'Meta.' Now, in 2025, the headlines have gone silent. What happened to the metaverse, and is there still a future for it?
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