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The richest man in the world, Bernard Arnault, has appointed his daughter Delphine as the head of Christian Dior.
It is the second largest brand in his LVMH luxury goods empire.
< br /> According to The Guardian, Arnaud is the chief executive, chairman and majority shareholder of a group that owns a range of businesses including Louis Vuitton, Tiffany, Givenchy, Kering and Moet Hennessy.
His eldest daughter will become Delphine Arnault is also Executive Vice President of Louis Vuitton and is responsible for product-related activities.
She will take up her new position on February 1.
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