Bernard Arnault has frequently described the conglomerate, which posted sales of 84.7 billion euros in 2024, as a family-run firm. The Arnault family’s holding company owns 49 percent of LVMH’s share capital and 64.8 percent of the voting rights.

The French luxury conglomerate proposed changing its bylaws, to raise the age limit of its chairman and CEO to 85.

Bernard Arnault, 76, could remain at the helm of the world's largest luxury group LVMH until he's 85 if shareholders back a company proposal at its annual shareholder meeting on April 17.

Luxury conglomerate LVMH is trying to clear a path that would allow billionaire Bernard Arnault to stay at the helm for nearly another decade — until he’s 85. Shareholders in the company – which owns high-end brands like Louis Vuitton,