LVMH Chairman Bernard Arnault has denied media reports of a succession battle among his five children, calling the claims fictional. In a post on X, he dismissed suggestions of family divisions, stating his children run LVMH brands, make decisions, and speak regularly. The French daily Le Monde had reported on potential rivalries and Arnault's broader influence. Arnault, 77, has led the €230 billion luxury group for nearly four decades without naming a successor, though LVMH last year raised the age limit for its chairman and CEO role to 85.
LVMH Moët Hennessy - Louis VuittonArnault denies succession battle reports, but no concrete impact on LVMH operations or strategy.