The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Dior’s longtime communications chief Olivier Bialobos has been promoted to the role of Deputy Managing Director, reporting to chief executive Delphine Arnault.
In the new role, Bialobos will continue to oversee global communications and image across Christian Dior Couture and its sister company for beauty, Parfums Christian Dior. Bialobos will also continue as director of Dior’s homeware division.
Bialobos’ promotion comes amid a leadership shuffle at LVMH’s biggest brands after Pietro Beccari, Dior’s CEO since 2018, was tapped to succeed Michael Burke as CEO of Louis Vuitton. LVMH named Delphine Arnault (formerly Louis Vuitton’s executive vice president for product) as Christian Dior Couture’s new CEO from February, while Charles Delapalme was appointed the brand’s managing director. Parfums Christian Dior also named a new CEO, Véronique Courtois, in March.
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Inside the $7 Billion Dior Phenomenon
How did a 75-year-old brand triple its revenues in just four years? By overhauling its commercial offer, racing into e-commerce and investing in spectacular flagships, Christian Dior Couture has radically accelerated its business, transforming itself into “a homegrown Chanel challenger within LVMH.”
The luxury goods maker is seeking pricing harmonisation across the globe, and adjusts prices in different markets to ensure that the company is”fair to all [its] clients everywhere,” CEO Leena Nair said.
Hermes saw Chinese buyers snap up its luxury products as the Kelly bag maker showed its resilience amid a broader slowdown in demand for the sector.
The group’s flagship Prada brand grew more slowly but remained resilient in the face of a sector-wide slowdown, with retail sales up 7 percent.
The guidance was issued as the French group released first-quarter sales that confirmed forecasts for a slowdown. Weak demand in China and poor performance at flagship Gucci are weighing on the group.