The reshuffle comes at a critical juncture for LVMH in China. In its full-year 2025 results, the group reported revenue of 80.81 billion euros, down 4.6% year on year. Recurring operating profit fell 9% to 17.76 billion euros, while net profit declined 13% to 10.88 billion euros.
At that point in Dimon’s career, he had just been promoted to vice president. He had moved up from being Weill’s assistant to the executive ranks in two years, highlighting just how effective his career advice was.
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Vaginal mesh, sometimes also called pelvic mesh or tape, was implanted into some women's bodies before 2018 to support organs such as the bladder