Frédéric Arnault Named CEO of LVMH Watches

LVMH is strengthening its timepiece sector with the appointment of Frédéric Arnault as CEO of LVMH Watches. The newly established position sees the second-youngest son of LVMH chairman and CEO Bernard Arnault take over business operations for Hublot, Tag Heuer and Zenith watchmakers (which boast a combined annual revenue of $1.9 billion USD).The appointment was revealed as part of the French luxury conglomerate's latest executive changes in its watches department, which have been in effect sin...