"Frédéric Arnault Rises to CEO of LVMH Watch Division in Strategic Family Move"

Frederic Arnault, the 29-year-old son of billionaire Bernard Arnault, has been appointed to lead the watch division of LVMH, overseeing prestigious brands such as Zenith, Hublot, and TAG Heuer. With a background that includes spearheading TAG Heuer's smartwatch initiatives and internships at McKinsey and Facebook's AI research division, Frederic joins his siblings in holding significant roles within the family-controlled luxury conglomerate. Bernard Arnault's empire, valued at $187.2 billion, has expanded significantly since the 1980s, now encompassing over 75 luxury brands.