Today WWD heralded LVMH supreme Bernard Arnault as their Man of the Year, thanks to his Bulgari deal; relaunch of a new leather house (Moynat); shake-up of his exec ranks; and willingness to let Dior be designer-less until he found the right person to replace John Galliano – who was fired in March. Generally, I agree with their choice, mostly because of Arnault’s smarts in taking advantage of other luxury brands’ scardey-cat timidity in the face of economic crisis (they see consumer slowdown; he sees opportunity to grab market share). My only question is about Dior. I think this is becoming a problem.
© The Financial Times Ltd 2013 FT and 'Financial Times' are trademarks of The Financial Times Ltd.