The five children of LVMH Chairman and CEO Bernard Arnault are increasingly in the spotlight as they rise through the ranks of the luxury empire. Today, all hold key management positions within the group’s Houses. But while a family succession is partly possible at the head of LVMH, “it’s still too early to decide”, said the CEO of the world’s number one luxury goods group.
In the Arnault family, becoming a captain of industry is a role one is trained for from an early age. Like Logan Roy’s character in the Succession series, the billionaire’s five children followed a demanding educational path, attending prestigious private schools such as Stanislas and Franklin. They then continued their studies in preparatory classes before entering business or engineering schools. The next step was to join the family group, starting with positions in retail and communications, before proving their worth by revitalizing some of the group’s Houses. In the Arnault family, schoolwork, music and sport are revered.
But Bernard Arnault, the 74-year-old CEO at the helm of the luxury conglomerate he began consolidating in 1987, has yet to decide who will succeed him. Yet nothing is left to chance. Especially since the sudden death of Jean-Luc Lagardère, Bernard Arnault’s “best friend”, who left the reins of his empire to an ill-prepared son.
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Featured photo : © Lewis Joly/SIPA
