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LVMH's CEO promoted his second-youngest son, Frédéric Arnault, to be the CEO of Loro Piana.
Frédéric Arnault is to succeed Loro Piana CEO Damien Bertrand, who moves to become second-in-command at Vuitton.
The fashion role is expected to bolster Frédéric Arnault’s credentials as a candidate to one day lead the luxury-goods giant.
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