LVMH investors demand clarity on Bernard Arnault succession plan 

Some LVMH shareholders are seeking clarity on how and to whom Bernard Arnault plans to hand over leadership of the luxury giant he has been steering for almost 40 years, saying the lack of transparency is increasingly becoming a risk for the group. 

Why it matters: 

Arnault has five children involved in the running of his luxury empire but has shown no sign of wanting to retire. At 76, he has yet to pick a successor. Questions have long swirled in corporate Europe about who will succeed Arnault, France’s richest man who last April extended the age limit for his combined CEO and chair role for a second time, to 85.