03.07.23
Luxury goods group LVMH has named Stephane Rinderknech as chairman and CEO of its beauty division.
A former L'Oreal executive with extensive experience in the U.S. and Asia, Rinderknech joined LVMH in 2022 and has been heading the group's hotels business, which he will continue to also manage.
"Stéphane has since his arrival guided the rebound of our hotel activities with considerable strategic agility, driving tremendous momentum across the entire organization," group chairman and CEO Bernard Arnault said.
Rinderknech will take up global responsibility for the group's beauty business, while Guerlain head Veronique Courtois becomes president and CEO of Parfums Christian Dior. Make Up For Ever head Gabrielle Saint-Genis Rodriguez will be president and CEO of Guerlain.
The changes come as luxury groups, which have been riding a strong wave of post-pandemic demand for designer labels, look to expand in their beauty activities.
Recently, LVMH recorded revenue of $86.3 billion in 2022 and profit from recurring operations of $23 billion, both up 23%—a record year for the company.
A former L'Oreal executive with extensive experience in the U.S. and Asia, Rinderknech joined LVMH in 2022 and has been heading the group's hotels business, which he will continue to also manage.
"Stéphane has since his arrival guided the rebound of our hotel activities with considerable strategic agility, driving tremendous momentum across the entire organization," group chairman and CEO Bernard Arnault said.
Rinderknech will take up global responsibility for the group's beauty business, while Guerlain head Veronique Courtois becomes president and CEO of Parfums Christian Dior. Make Up For Ever head Gabrielle Saint-Genis Rodriguez will be president and CEO of Guerlain.
The changes come as luxury groups, which have been riding a strong wave of post-pandemic demand for designer labels, look to expand in their beauty activities.
Recently, LVMH recorded revenue of $86.3 billion in 2022 and profit from recurring operations of $23 billion, both up 23%—a record year for the company.
