European Drink Makers Fall as Trump Turns to Favorite Target (1)Bernard Arnault, the 76-year-old billionaire founder of LVMH, signaled he could helm the luxury group for the best part of another decade.

LVMH had stated in a filing that it will be seeking to raise the age limit for the CEO and Chairman to 85 from the current 80.

Bernard Arnault has frequently described the conglomerate, which posted sales of 84.7 billion euros in 2024, as a family-run firm. The Arnault family’s holding company owns 49 percent of LVMH’s share capital and 64.8 percent of the voting rights.

Bernard Arnault, 76, could remain at the helm of the world's largest luxury group LVMH until he's 85 if shareholders back a company proposal at its annual shareholder meeting on April 17.

Luxury conglomerate LVMH is trying to clear a path that would allow billionaire Bernard Arnault to stay at the helm for nearly another decade — until he’s 85. Shareholders in the company – which owns high-end brands like Louis Vuitton,