Luxury group LVMH’s billionaire owner and the world’s richest man, Bernard Arnault, has appointed his daughter Delphine as the new head of Christian Dior, it was announced Wednesday.

French luxury magnate Bernard Arnault reportedly meets for lunch once a month with his five children to discuss strategy at his sprawling business empire. Arnault, the 74-year-old CEO of LVMH ...

Luxury group LVMH’s billionaire owner and the world’s richest man, Bernard Arnault, has appointed his daughter Delphine as the new head of Christian Dior, it was announced Wednesday.