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In total, the CEO of the LVMH group acquired nearly 42 million euros worth of shares on the market at the end of March. In addition, the luxury group will publish its quarterly figures on 13 April.
Bernard Arnault first acquired 15,000 shares on 22 March at 558.36 euros each, via the company Agache, then 14,100 on 23 March at 554.40 euros and 13,200 on 24 March at 553.61 euros.
He then continued his purchases with 17,000 shares on 25 March at a unit price of 551.54 euros and 16,606 on 26 March at 554.82 euros, according to declarations made to the Autorité des marchés financiers. This represents a total amount close to 42 million euros.
It should be noted that the CEO had already purchased 20,434 shares on the market for nearly 10 million euros on 21 December last. Acquisitions that had enabled the Arnault family group to hold 47.48% of the capital of LVMH at the end of December 2020, as well as 63.46% of the voting rights. At that date, the employees held 0.14%.
As a reminder, in November 2020, foreign institutional investors held 39.6% of the capital of the luxury group, French institutional investors 7.9% and individuals 4.8%.
LVMH will publish its quarterly accounts tomorrow, Tuesday 13 April, after the market closes. The Annual General Meeting of Shareholders will be held behind closed doors on 15 April at 10am and will be broadcast live on the company’s website. The final dividend of €4 per share will be paid on 20 April, following an interim dividend of €2 paid on 3 December.
These results should be promising given the records that the LVMH share has set: on 8 April this year it rose to 587.30 euros. The share price has risen by 70% in the last year, 123% in three years, 301% in five years and 425% in ten years.
Bernard Arnault, 3rd largest fortune in the world
Behind Jeff Bezos and Elon Musk, Bernard Arnault has once again climbed to third place in Forbes magazine’s ranking of the world’s wealthiest people, with a fortune of 127.2 billion euros.
A fortune strongly linked to his latest acquisition and diversification policy implemented in 2020 and early 2021: purchase of the jeweller Tiffany&Co, the shoe brand Birkenstock and a 50% stake in the champagne brand Armand de Brignac owned by the hip hop artist Jay-Z.
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