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3w ago

LVMH Shareholders Set to Extend CEO Bernard Arnault’s Tenure to 85

The move comes as the luxury giant faces sales declines, market cap loss to Hermès, and global economic pressures.

Lors de l’assemblée générale de LVMH, il sera proposé de prolonger jusqu’à 85 ans l’âge du PDG, permettant à Bernard Arnault, 76 ans, de rester plus longtemps à la tête du numéro un mondial du luxe.
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Bernard Arnault lors de l'assemblée générale annuelle des actionnaires de LVMH au Carrousel du Louvre, à Paris, le 17 avril.
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Overview

  • LVMH's annual general meeting on April 17, 2025, is expected to approve extending Bernard Arnault's retirement age to 85, securing his leadership for years to come.
  • The company reported a 2% drop in first-quarter sales to €20.3 billion, leading to an 8% stock decline and its loss of the top CAC 40 market cap position to Hermès.
  • Macroeconomic uncertainties, including a slowdown in the Chinese market and potential U.S. tariffs, continue to challenge the luxury sector.
  • The Arnault family, holding 49% of LVMH’s capital and 64.81% of voting rights, underscores its dominant control over the company’s governance.
  • Despite no named successor, all five of Bernard Arnault’s children are involved in LVMH, with four serving on the board of directors.