Eighty-Five and Still in Vogue: LVMH Gives Arnault a Longer Catwalk

In a historic decision at its April 17, 2025, annual general meeting, LVMH shareholders voted in favor of a proposal to raise the upper age limit for its CEO and chairman from 80 to 85 years. The action enables Bernard Arnault, the 76-year-old founder and force behind the world's largest luxury goods group, to stay on for as long as a decade more. Arnault, who has transformed LVMH into a world giant and today stands as the richest person beyond the United States, has not yet appointed a successor, even if all five of his children occupy key positions within the firm. The Arnault family continues to have tight grip on LVMH, controlling almost half of its capital and more than half of the voting rights. The move reflects shareholder faith in Arnault's leadership and marks ongoing stability for the luxury conglomerate.

 

Source: The Economic Times