The Arnault family owns 48 per cent of LVMH’s capital and 64 per cent of its voting rights.

The Paris-listed group owns brands including Louis Vuitton, Dior and US jeweller Tiffany.

 

Frédéric Arnault, the fourth of Bernard Arnault’s five children, will replace Nicolas Bazire in his new role at Financière Agache.

Frédéric’s latest promotion comes on the heels of his appointment as CEO of LVMH Watches and a previous tenure as CEO of TAG Heuer.

Additionally, Frédéric and his brother Alexandre joined the LVMH board in April, following in the footsteps of their older siblings Delphine and Antoine.

 

This reshuffle is part of a broader strategy by Bernard Arnault to prepare for future leadership transitions.

Since early 2023, Arnault has been strategically positioning his children in key roles within the company.

 

 Delphine Arnault was appointed CEO of Dior, Antoine oversees image and sustainability at LVMH, and Jean manages watchmaking at Louis Vuitton.

 

Alexandre is a senior executive at jeweller Tiffany & Co, which LVMH acquired for about $16bn in 2020. Jean, 25, runs watchmaking at Louis Vuitton.

 

Outside the family, the group’s managing director Antonio Belloni, 69, stepped down after 23 years as Bernard Arnault’s right hand in April, replaced by Stéphane Bianchi, formerly LVMH’s head of watches and jewellery, who is a veteran of family succession at French cosmetics group Yves Rocher.

 

All changes in the roles of the five Arnault children, who all have roles within the LVMH, are scrutinised for signs of who might one day succeed the group’s 75-year-old patriarch.

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