One dead, 20 injured after mass Russian attack in Kyiv
Large parts of Kyiv were plunged into darkness in the early hours of Friday after Russian drones and missiles struck Ukrainian energy facilities, cutt...
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.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Azerbaijan’s junior figure skater Arina Kalugina has set a new Olympic record in the Quadruple Salchow jump at the Denis Ten Memorial Challenger 2025 in Almaty, Kazakhstan.
Superstar Taylor Swift's latest studio album, 'The Life of a Showgirl,' arrives Friday with a promotional blitz that includes midnight sales at Target stores, a release party at movie theatres around the globe and pop-up experiences in New York and Los Angeles.
Scientist and global activist Jane Goodall, who turned her childhood love of primates into a lifelong quest for protecting the environment, has died at the age of 91, the institute she founded said on Wednesday.
U.S. federal prosecutors urged a judge on Tuesday to sentence Sean "Diddy" Combs to more than 11 years in prison this week following the hip-hop mogul's conviction on prostitution-related charges.
Oscar-winning actress Nicole Kidman and country music star Keith Urban have separated after 19 years of marriage, various news outlets reported on Monday, citing unidentified sources.
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