Bernard Arnault is preparing for retirement by training his children to run the company

The richest man in the world and the head of the luxury conglomerate LVMH, Bernard Arnault, is getting ready to retire. Prior to this, they are preparing their kids to manage the group’s responsibility. However, it is unknown when he will leave his position.

The Wall Street Journal claims that Bernard Arnault used to grade the kids’ math tests when they were younger. used to bring them on company trips. Five of his children now hold important positions at LVMH. Christian Dior’s CEO is Delphine. The CEO of that business is Antony. Vice President Alexandre works for Tiffany & Co. The Director of Marketing and Development for the Watches Division of Jean Louis Vuitton is Frederic Tug.

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Arnault has lunch with the children once a month.

Bernard Arnault meets with the five children once a month for a 90-minute lunch at the LVMH headquarters in Paris. They consult with the children to determine what needs to be changed in the group.

Bernard Arnault: who is he?

The modern luxury fashion industry is credited with having Bernard Arnault as its founder. He is the company’s founder, chairman, and largest shareholder. LVMH is the biggest fashion conglomerate in the world. In terms of market capitalization, Bernard Arnault’s Louis Vuitton group is almost four times larger than Kering, its closest rival.

group of 75 luxury brands and 60 subsidiaries

LVMH has 60 subsidiaries and 75 luxury brands. With a net worth of $208 billion (17 lakh crore), Arnault is the richest person in the world, according to the Bloomberg Billionaires Index.

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