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LVMH is betting big on K-pop – but why? The Arnault family’s luxury conglomerate tapped a slew of South Korean idols to become brand ambassadors, from BTS’ Jimin for Dior to G-Dragon for Chanel
STORYBusiness Insider
- Luxury magnate Bernard Arnault nominated his children Delphine and Alexandre to helm LVMH’s biggest brands like Dior and Tiffany & Co. and they are now betting big on K-pop idols
- South Koreans are now the world’s biggest luxury consumers – the average person spent at least US$325 in 2022 – so will the Arnaults win over BTS and Blackpink’s legions of fans?
On January 11, Delphine Arnault was nominated by her father, luxury magnate Bernard Arnault, to helm Dior. Within days, the fashion house appointed Jimin, one of the seven members of the K-pop supergroup BTS, as the brand’s global ambassador.
The singer’s agency, Hybe, directed us to a statement from Dior on Twitter that said Jimin “embodies the spirit and singularity of Dior style”.
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Delphine’s move comes over a year after her younger brother Alexandre Arnault, an executive vice-president at Tiffany & Co., signed Blackpink singer Rosé to represent the jewellery house. Rosé now advertises Tiffany’s Hardwear line, a collection of necklaces and bracelets.
And in June, Celine – another brand under the massive umbrella of Arnault’s LVMH – invited BTS member V, Blackpink member Lisa, and South Korean actor Park Bo-gum to the brand’s spring/summer 2023 show in Paris. Lisa also worked with LVMH brand Bulgari, wearing one of its watches in a 2021 campaign.
All of which points at the undeniable – the world’s biggest luxury conglomerate is officially betting big on K-pop.