Bernard Arnault Secures Control of LVMH for the Next 30 Years

French billionaire Bernard Arnault has officially secured the line of succession for his LVMH empire for the next three decades. The transition to his children leading the LVMH Group was expected to occur upon the passing of the most senior Arnault. The plans have now been kicked into gear by his youngest son Jean Arnault turning 25.In a recent report from Italy's 11 Sole 24 Ore newspaper via Fashion United, the transition has now shifted to control to a limited partnership called Financière Ag...