Bernard Arnault’s five children now work within the world’s number 1 luxury company. Two of his sons, Alexandre, 31, and Frédéric, 29, will join the board of directors of the LVMH group this Thursday. They join their two eldest children, Delphine and Antoine, following a vote by the general assembly.
Alexandre, executive vice-president of Tiffany after having worked within the trunk maker Rimowa, received 93.41% of the votes and Frédéric, who joined Tag Heuer in 2017 to manage the connected watch activities, before being named CEO of the brand in 2020, 93.43% of the votes.
“I have the majority of votes, so…”
The Arnault family group holds 48.6% of the capital of LVMH and 64.3% of the votes. “I have the majority of votes, so…” laughed Bernard Arnault a little before the vote. Delphine, 49, and Antoine, 46, born from a first marriage, are also members of the board of directors of LVMH. The mandate of Antoine Arnault was renewed with 92.57% of the votes.
Jean, the last of five siblings, remains the only one not on the board of directors. “He has time, he is young,” Bernard Arnault, 75, declared in January. However, he also works within the luxury group.
Delphine is CEO of Dior. Antoine recently left the position of general manager of Berluti, retaining only the presidency, and “could take on other responsibilities”, according to a source close to the matter. He is also chairman of Loro Piana, general manager and vice-chairman of the board of directors of the Christian Dior SE holding company, which controls LVMH, and responsible for the image and environment of the LVMH group.