Bernard Arnault, the French businessman behind LVMH, which owns brands including Louis Vuitton and Dior, is focused on ensuring a smooth leadership transition for his children, while preparing the next generation to take the reins of one of the world's largest fashion and luxury empires.
At 75 years old, the French businessman is directing his efforts to ensure a smooth leadership transition, as his sons prepare to take control of one of the world's largest fashion and luxury empires, The Economista reports.
Recently, Arnault added two of his sons, Alexandre, 31, and Frédéric, 29, to the LVMH board, a move that marks the beginning of a new era for the company, with the Arnault family assuming a central position in the company. Luxury brand portfolio management.
Delphine and Antoine, Alexandre and Frédéric's older brothers, play prominent roles in the company. Delphine is the CEO of Dior, while Antoine is the President of Loro Piana, General Director and Vice Chairman of the Board of Directors of the holding company Christian Dior SE.
Bernard Arnault is known for his meticulous and determined approach to business, and the same mentality is being applied to succession at LVMH. The businessman was transparent about his plans, indicating that he intends to remain at the helm of the empire for another five years. During this time, he will continue to mentor and prepare his children to take on greater responsibilities within the company.
For the businessman, succession at LVMH is not just a matter of changing leadership, but a continuation of the legacy.
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