Bernard Arnault news and archive

LVMH control solidified: Arnault family reaches absolute majority

Bernard Arnault and his family have consolidated their control over the global luxury giant LVMH. According to a source close to the family, they now hold 50.01 percent of the share capital and 65.94 percent of the voting rights. This move, although seemingly minor at 50.01 percent, is highly strategic. It marks the transition to an absolute...

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Shareholders seek transparency regarding LVMH succession strategy

Investors in the French luxury conglomerate LVMH are increasingly voicing concerns over the lack of a clear succession plan for Bernard Arnault, the chairman and chief executive officer (CEO) who has led the group for nearly 40 years. According to a report by Reuters, some shareholders now view the absence of a public transition strategy as a...

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Hermès heir sues LVMH and Bernard Arnault for 14 billion euros

Fifteen years after his raid on Hermès, Bernard Arnault and his LVMH group are caught up in a saga between two French luxury giants: an heir to the accessories specialist, claiming to have been dispossessed of his shares in the family jewel, is demanding 14 billion euros. Nicolas Puech, 82, a Swiss resident, accuses his former wealth manager,...

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LVMH's Arnault calls US-EU trade deal 'necessary' but 'not perfect'

Paris - Bernard Arnault, chairman and chief executive officer of LVMH, the world's leading luxury group, has defended the customs agreement reached between the US and Europe. In an opinion piece published in Les Echos on Tuesday, Arnault described the agreement as not "perfect" but "necessary" in the "current context". "The agreement reached...

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Hermès heirs top French fortune ranking in 2025, dethroning Arnault

Paris - The Hermès heirs benefited from the luxury group's strong stock market performance in 2025. This allowed them to take the top spot in the annual ranking of French professional fortunes. The ranking was published on Wednesday by Challenges magazine. They dethroned Bernard Arnault and his family. Since the start of 2025, Hermès has shown...

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LVMH Reinstates Michael Burke to lead Americas as focus shifts West

LVMH has appointed Michael Burke as Chairman and CEO of LVMH Americas, marking a high-profile return for one of Bernard Arnault’s most trusted lieutenants. Burke will oversee North and Latin American operations, including key brands like Tiffany & Co., Marc Jacobs, and Sephora, as well as growing real estate interests in the U.S. Once thought to...

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LVMH chairman Bernard Arnault acquires L'Opinion and L'Agefi

Paris - Bernard Arnault, chairman and CEO of LVMH (LVMH Moët Hennessy Louis Vuitton), has acquired the liberal daily L'Opinion and the financial news website L'Agefi. LVMH already controls the Les Echos-Le Parisien press group and Paris Match. Sources close to the matter confirmed the acquisition to the press on Thursday, following a report in...

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LVMH feels strain of luxury slowdown as succession questions loom

Bernard Arnault, the 76-year-old titan behind LVMH, is facing one of the most serious reckonings of his tenure atop the world’s largest luxury group. Against a backdrop of falling demand in China, geopolitical trade friction in the US, and mounting internal complexity, LVMH has seen over 220 billion euros erased from its market value since its...

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Arnault slams France’s tax plans: ‘Encouragement to relocate’

Bernard Arnault, CEO of the world’s largest luxury firm LVMH, strongly criticised the French government during a hearing in the French Senate. In his argument, he stated that “it is very bad for the state to interfere in the management of private companies”. This statement came in response to President Emmanuel Macron’s recent call for economic...

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Trump hosts LVMH boss as tariffs threaten luxury goods

Donald Trump hosted the head of luxury giant LVMH, Bernard Arnault, at the White House on Tuesday as the group confronts a dent in sales from the US president's tariffs. Europe's richest man, whose firm produces Louis Vuitton bags and Dom Perignon champagne, made a surprise appearance in the Oval Office alongside his son Alexandre. "Bernard,...

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LVMH general meeting: Jonathan Anderson at Dior Men's and 2025 strategy focused on quality

Jonathan Anderson appointed for the Dior Men's collection, to be shown June 2025; quality rather than growth, at all costs; the desire to create a free trade area with the US; and the vote in favour of keeping Bernard Arnault at the helm until the age of 85: these were the four key announcements that emerged from the general meeting of the...

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LVMH to lift age limit, letting Arnault remain CEO until 85

LVMH will ask shareholders to raise the age limit for its CEO and chairman to 85, allowing its billionaire boss Bernard Arnault to remain longer at the helm of the French luxury goods group. Bernard, 76, created the group and has grown it into the world's largest in its sector, holding the position of both chief executive and chairman of the...