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LVMH CEO Bernard Arnault Emotional Over Dior & Happy For Céline

Jul 14, 2011 By Amy

He may be successfully running an empire, but LVMH CEO Bernard Arnault is finally talking about his beloved first luxury acquisition, Dior. The executive talked to Newsweek to dish on the changing scape of fashion houses and the high end fashion market. It’s also interesting to hear an executive perspective on the whole Galliano debacle.

Arnault and the city of Paris are emotionally attached to the Dior brand, so to see it go through turmoil probably isn’t fun, especially after their whole couture circus. It also turns out Arnault took Galliano’s breakdown to heart, so it’s not shocking he’s been taking his time to announce a replacement.

“I’m surprised that I did not get a call or a word of excuse from him,” he said. “After all that I did for him?”

Poor guy… Good thing he has designers such as Marc Jacobs, Phoebe Philo, Donna Karan (to name a few) to make him proud. Speaking of, Arnault speaks very highly the brand Céline and designer Phoebe Philo.

“It will take time, but [Céline] is on the way,” Arnault says. “Phoebe has the potential. She is doing a style which is completely in line with our time. My daughter Delphine, she’s working at Dior,” Arnault said. “But she wears Céline.”

Céline’s designs are modern and in line with current trends, without being overly extravagant- which is part of their success. Reporter Robin Givhan went on to write, “Arnault, by the way, thinks Céline isn’t expensive—although a starter dress runs $2,000. “You think it’s expensive?” he asks. “It’s not Dior.” No. But still. Bless his billionaire’s heart.

Oh to live in the world where $2k dresses are affordable…alas we can dream. Until then, we’re still waiting to see who’ll be new creative director at Dior.

[via Newsweek, image]

  • Bernard Arnault

    Recent credits:

    • Vogue España Editorial SucediĂł en parĂ­s , June 2009 Shot #6
      Bernard Arnault Vogue España Editorial Sucedió en parís , June 2009 Shot #6
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  • Phoebe Philo

    Recent credits:

    • Vanity Fair Editorial Great Inspirations, September 2011 Shot #6
      Phoebe Philo Vanity Fair Editorial Great Inspirations, September 2011 Shot #6
    • i-D Editorial Notes On Masculinity And Style, Pre-Fall 2010 Shot #23
      Phoebe Philo i-D Editorial Notes On Masculinity And Style, Pre-Fall 2010 Shot #23
    • Vogue Paris Editorial L'Art De La Philo, March 2010 Shot #1
      Phoebe Philo Vogue Paris Editorial L'Art De La Philo, March 2010 Shot #1
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