In a ‘Succession'-style move, even more of LVMH CEO Bernard Arnault's kids are nabbing pivotal roles, while their Gen Z brother faces big test [Fortune]
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Source: Fortune
moves of media titan Logan Roy in HBO's sensation Succession . Alexandre Arnault, 31, and Frederic Arnault, 29, are the latest of the patriarch's children to join the company's dynastic lineup, after shareholders approved their nominations on Thursday. They join the ranks of their other three siblings in expanding control in LVMH's empire—including the fresh-faced Jean Arnault, the head of Louis Vuitton's watch division who was born in 1998. The Arnault family carries with it a certain luster: They have monthly lunches at LVMH's Paris headquarters to talk about the future of the family business. Bernard Arnault, who is worth $218 billion , has famously boasted that his children have to earn their place in the company. Apparently, all of his offspring are already deserving of their roles, which include Frederic Arnault helming LVMH's entire watch division, and Alexandre Arnault holding the president of Rimowa. LVMH's efforts to keep the business in family hands comes amid a tumul
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