Bernard Arnault news and archive

Shareholders seek transparency regarding LVMH succession strategy

Investors in the French luxury conglomerate LVMH are increasingly voicing concerns over the lack of a clear succession plan for Bernard Arnault, the chairman and chief executive officer (CEO) who has led the group for nearly 40 years. According to a report by Reuters, some shareholders now view the absence of a public transition strategy as a...

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Hermès heir sues LVMH and Bernard Arnault for 14 billion euros

Fifteen years after his raid on Hermès, Bernard Arnault and his LVMH group are caught up in a saga between two French luxury giants: an heir to the accessories specialist, claiming to have been dispossessed of his shares in the family jewel, is demanding 14 billion euros. Nicolas Puech, 82, a Swiss resident, accuses his former wealth manager,...

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LVMH's Arnault calls US-EU trade deal 'necessary' but 'not perfect'

Paris - Bernard Arnault, chairman and chief executive officer of LVMH, the world's leading luxury group, has defended the customs agreement reached between the US and Europe. In an opinion piece published in Les Echos on Tuesday, Arnault described the agreement as not "perfect" but "necessary" in the "current context". "The agreement reached...

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Hermès heirs top French fortune ranking in 2025, dethroning Arnault

Paris - The Hermès heirs benefited from the luxury group's strong stock market performance in 2025. This allowed them to take the top spot in the annual ranking of French professional fortunes. The ranking was published on Wednesday by Challenges magazine. They dethroned Bernard Arnault and his family. Since the start of 2025, Hermès has shown...

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LVMH chairman Bernard Arnault acquires L'Opinion and L'Agefi

Paris - Bernard Arnault, chairman and CEO of LVMH (LVMH Moët Hennessy Louis Vuitton), has acquired the liberal daily L'Opinion and the financial news website L'Agefi. LVMH already controls the Les Echos-Le Parisien press group and Paris Match. Sources close to the matter confirmed the acquisition to the press on Thursday, following a report in...

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Arnault slams France’s tax plans: ‘Encouragement to relocate’

Bernard Arnault, CEO of the world’s largest luxury firm LVMH, strongly criticised the French government during a hearing in the French Senate. In his argument, he stated that “it is very bad for the state to interfere in the management of private companies”. This statement came in response to President Emmanuel Macron’s recent call for economic...

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LVMH general meeting: Jonathan Anderson at Dior Men's and 2025 strategy focused on quality

Jonathan Anderson appointed for the Dior Men's collection, to be shown June 2025; quality rather than growth, at all costs; the desire to create a free trade area with the US; and the vote in favour of keeping Bernard Arnault at the helm until the age of 85: these were the four key announcements that emerged from the general meeting of the...

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LVMH to lift age limit, letting Arnault remain CEO until 85

LVMH will ask shareholders to raise the age limit for its CEO and chairman to 85, allowing its billionaire boss Bernard Arnault to remain longer at the helm of the French luxury goods group. Bernard, 76, created the group and has grown it into the world's largest in its sector, holding the position of both chief executive and chairman of the...

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LVMH latest CEO shuffle sees Frédéric Arnault helm Loro Piana

In its latest CEO shuffle, LVMH has promoted key executives to strengthen leadership at its largest brands. Damien Bertrand, CEO of Loro Piana, will become deputy CEO of Louis Vuitton, while Pierre-Emmanuel Angeloglou, a former L'Oréal executive, will take the same role at Christian Dior Couture. Frédéric Arnault, currently CEO of LVMH Watches,...

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Former French spy chief sentenced to four years in influence-peddling trial

A Paris court on Friday sentenced the former head of France's domestic intelligence agency to four years in prison, two of them suspended, on charges of using his security contacts for private gain including by obtaining confidential information for luxury giant LVMH. Bernard Squarcini, 69, known as "le Squale" (the shark), will appeal the...

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Stella McCartney takes back full control of her brand from LVMH

British fashion designer Stella McCartney has taken back full control of her eponymous fashion house. In a press release sent this Monday, January 27, 2025, Stella McCartney announced the repurchase of the minority stake held by luxury fashion house LVMH, “after more than five years of fruitful collaboration.” According to the statement sent out...

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French luxury mogul Arnault defiant at ex-spy chief trial

Paris - France's richest man, LVMH chief Bernard Arnault, testified Thursday in the influence-peddling trial of the former head of France's domestic intelligence agency, denying any knowledge of an alleged scheme to protect the luxury group. Bernard Squarcini, the former head of the DCRI security service (since renamed the DGSI), is one of 10...