THE WHAT? LVMH has appointed longtime executive Philippe Farnier as deputy chief executive of its beauty division and Parfums Christian Dior.
THE DETAILS Farnier will report to Véronique Courtois, who was recently named head of LVMH’s beauty division in February. The division includes brands such as Parfums Christian Dior, Fresh, Benefit Cosmetics, Make Up For Ever and Louis Vuitton’s newly launched beauty line.
Farnier originally joined LVMH in 2008 as general manager of Parfums Christian Dior before later leading travel retail, EMEA and global marketing. He subsequently spent seven years at Rémy Martin as CEO for the Americas before returning to LVMH in 2022. In his new role, he will oversee strategic initiatives, commercial operations and omnichannel development, with a focus on strengthening synergies and competitiveness across the division.
THE WHY? The appointment is intended to reinforce leadership within LVMH’s beauty division as the group seeks to drive stronger coordination, commercial performance and global growth across its portfolio of prestige beauty brands.
Source: The Business of Fashion
