Who is the handsome billionaire rumored to be dating Blackpink’s Lisa?
Frédéric Arnault, the son of the world’s richest billionaire Bernard Arnault, is the person rumored to be dating Blackpink’s Lisa. He is one of the promising candidates for the position of heir to the luxury conglomerate Moët Hennessy Louis Vuitton (LVMH).
Recently, social media was buzzing with rumors that Lisa (Blackpink) is dating the third son of billionaire Bernard Arnault, Frédéric Arnault.
Many fans believe that if this relationship is true, Frédéric Arnault and Lisa make a perfect couple. Frédéric Arnault is influential in the fashion and luxury industry.
He is a potential candidate to succeed the LVHM dynasty.
LVMH is the world’s largest luxury goods conglomerate, encompassing renowned brands such as Louis Vuitton, Dior, Givenchy, Marc Jacobs, Hermès, Bulgari, Tiffany & Co, Chaumet, Kenzo, all led by chairman Bernard Arnault.
Frédéric Arnault is the third son among the five children of billionaire Bernard Arnault.
The “third prince” of the Arnault dynasty was born in 1995 and graduated from the prestigious École Polytechnique in Paris, specializing in applied mathematics and computer science. He is fluent in French, English, Italian, and German.
Despite being born into a fashion business family, Frédéric Arnault is known for his many talents. He is skilled in chess, following in the footsteps of his father Bernard, and inherited his mother Hélène Mercier-Arnault’s piano-playing talent. Frédéric also has a knack for playing tennis and has played with professional players like Roger Federer and Félix Auger-Aliassime.
Frédéric Arnault with his parents and siblings of the Arnault family. After graduating from university, like his siblings, Frédéric was given opportunities by billionaire Bernard to develop himself, demonstrate his skills, and meet the conditions to become a future successor of the conglomerate.
Frédéric previously interned at Facebook and the global management consulting firm McKinsey & Company. Later, he held the position of Chief Technology Officer and Head of the luxury Swiss watch brand TAG Heuer in 2017.
In 2020, at the age of 25, Frédéric officially joined the family’s luxury conglomerate as the CEO of TAG Heuer.
This means that Frédéric is competing with his four siblings to succeed Bernard Arnault and become the head of the LVHM conglomerate.
Frédéric Arnault and billionaire Bernard Arnault. Photo: SCMP Ambitions to build a billion-dollar watch brand
Frédéric Arnault is the youngest CEO of one of the world’s top luxury watch brands, and he quickly demonstrates his talent and ambition as a manager and luxury business entrepreneur.
“We will soon become a billion-dollar brand,” Frédéric affirmed when bringing TAG Heuer into the billion-dollar club in an interview with WSJ.
Learning the business strategy of expanding the customer base without compromising the brand’s value and exclusivity inherited from his father, Frédéric has gradually changed the operations and management of the luxury watch brand TAG Heuer.
As the young CEO, he continuously develops new product lines catering to various consumer groups, from the middle class to the upper class, to create a balance between different customer segments.
TAG Heuer can produce high-end watches like the Carrera Plasma valued at over $500,000, but they also launch models with a starting price of $1,450 to attract young potential customers.
Frédéric also invests his efforts and bets on smartwatches, which currently account for 15% of the company’s revenue.
LVMH does not disclose the financial results of each individual brand. However, according to Morgan Stanley’s estimates, TAG Heuer’s revenue increased by 7% last year, surpassing $800 million.
To strengthen the close relationship with customers, LVMH applies a strict control strategy over its stores, and TAG Heuer is no exception.
CEO Frédéric Arnault has reduced the number of TAG Heuer points of sale from 4,000 to around 2,500. He emphasizes direct interactions with store managers.
As a significant influencer in the fashion industry, Frédéric Arnault often appears at fashion shows and major events. The members of Blackpink, as the leading ambassadors of luxury brands, have been seen taking intimate photos with Frédéric.
Jisoo is currently a global ambassador for Dior, Rosé is a global ambassador for Tiffany & Co, and Lisa is a global ambassador for Bulgari. All three brands belong to the LVMH conglomerate.
Frédéric Arnault taking a photo with Blackpink during the group’s concert in Los Angeles. Photo: Instagram.