GM Issues Recall for 2026 Chevrolet Silverado Trucks Over Missing Owner Manuals 
Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
YouTube Agrees to Follow Australia’s New Under-16 Social Media Ban 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit 
Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Anthropic Reportedly Taps Wilson Sonsini as It Prepares for a Potential 2026 IPO 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
IKEA Expands U.S. Manufacturing Amid Rising Tariffs and Supply Chain Strategy Shift 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
LVMH, the parent company of Louis Vuitton, revealed a leadership reshuffle for its beauty division as competition in this business sector heats up. As part of the shake-up, the French luxury brand announced it has appointed Stéphane Rinderknech to be the new chairman and chief executive of its beauty unit.
LVMH said on Monday, March 6, that its Guerlain and Parfums Christian Dior have their respective new chiefs as well. As per Reuters, the newly-appointed CEO of its beauty unit was a former executive at L'Oreal who has extensive work experience in Asia and the United States.
He joined the company last year and has been leading LVMH’s hotel business since then. The firm said that even with his new position in its beauty business, Rinderknech will still continue managing the hotel division.
Moreover, his assignment as the new chief includes global responsibility for LVMH’s beauty line. On the other hand, Guerlain’s chief, Veronique Courtois, was also promoted to president and CEO roles of Parfums Christian Dior. Gabrielle Saint-Genis Rodriguez, the head of Make Up For Ever, will then become president and CEO of Guerlain.
The leadership shake-up comes as many luxury brands have been experiencing high demand in the post-pandemic era. With this, LVMH is one of the companies that is looking to expand its businesses.
"Stéphane has since his arrival guided the rebound of our hotel activities with considerable strategic agility, driving tremendous momentum across the entire organization," Bernard Arnault, LVMH’s chairman and CEO, said in a statement on Monday, March 6.
Meanwhile, Vogue Business reported that LVMH’s announcement of new leaders indicates its plan to compete more aggressively in the beauty industry, which is currently being dominated by beauty and cosmetic companies such as Coty, Estée Lauder, and L’Oréal. Other luxury brands like Hermés and Chanel are also jumping into this market which is further heating up the competition.
Photo by: Christian Wiediger/Unsplash
