LVMH boss Bernard Arnault dismisses reports his children are fighting to be next CEO: ‘It’s the stuff of novels’
Bernard Arnault, the billionaire chairman of French luxury group LVMH, has dismissed media reports of a bitter succession battle among his five children, insisting in rare public comments about his family that it remains united. Investors have long sought greater clarity on who will eventually succeed Arnault, 77, after nearly four decades at the helm of the luxury conglomerate.
Reported by 1 outlet — New York Post. See all sources ↓
Bernard Arnault, the billionaire chairman of French luxury group LVMH, has dismissed media reports of a bitter succession battle among his five children, insisting in rare public comments about his family that it remains united. Investors have long sought greater clarity on who will eventually succeed Arnault, 77, after nearly four decades at the helm of the luxury conglomerate. Some say the lack of visibility over succession planning is becoming a risk for LVMH. But Arnault, who oversees the €230 billion ($262 billion) owner of brands including Louis Vuitton, Dior and Tiffany, has shown no sign of stepping down and has yet to name a successor.
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- Bernard Arnault, the billionaire chairman of French luxury group LVMH, has dismissed media reports of a bitter succession battle among his five children, insisting in rare public comments about his family that it remains united. Investors have long sought greater clarity on who will eventually succeed Arnault, 77, after nearly four decades at the helm of the luxury conglomerate.
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LVMH boss Bernard Arnault dismisses reports his children are fighting to be next CEO: ‘It’s the stuff of novels’
Sources1TypeCoverageNew York Post