Stories on fashion and luxury you won't read elsewhere

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Miss Tweed:
Stories on fashion and luxury you won't read elsewhere
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Astrid Wendlandt
18 October 2026
Strange things are going on at French luxury giant LVMH. Pietro Beccari, CEO of Louis Vuitton and of the Fashion Group, the division that includes smaller brands such as Givenchy and Kenzo, is threatening to slam the door. The Italian executive is at loggerheads with LVMH’s 77-year-old boss Bernard Arnault and some of his children over strategy and his remuneration, sources close to the group say.

Strong leadership at Louis Vuitton is paramount. It’s the group’s cash cow. Louis Vuitton generates more than half of LVMH’s operating profit. Together with Dior, it helps mop up the losses of many of the group’s fashion, watch and beauty brands. Investors were already concerned about Arnault’s succession. Now they also need to worry about who will run the group’s most important brand.
Weekly Highlights
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Jean Arnault, the youngest of Arnault’s five children, has hired François-Henry Bennahmias, the former CEO of Audemars Piguet (AP), to work as a consultant for LVMH watch brand Hublot. The news was first reported by Glitz this week and confirmed to Miss Tweed by sources close to Hublot and LVMH.
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The writing had been on the wall for some time. Kering finally parted ways with McQueen’s designer Seán McGirr after three years of collaboration. The group’s plan is clear: it wants to reboot the brand, but on a much smaller scale. This year, it denied many times that it had tested appetite among potential buyers for the British fashion brand.

Cartier owner Richemont and the retailer Signet Jewelers are in talks to join a consortium to buy diamond mining company De Beers, Bloomberg reported this week. For Richemont, it would be a great way to secure diamond supplies and ensure their traceability, analysts say.

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