LVMH’s Bernard Arnault restructures holding for ‘long-term family control’

Sumary of LVMH’s Bernard Arnault restructures holding for ‘long-term family control’:

  • Under the new court-ordered set-up, the family holding company will be command by Agache Commandite SAS, which will be held equally by Arnault five children.
  • The eldest, Delphine Arnault,47, and Antoine Arnault, 45, children from his first marriage, are also both on the team committee of administrators.
  • LVMH rules were changed at the annual investor meeting in April to lift the limit age of its chief executive serviceman to 80 from 75.

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