Bernard Arnault has frequently described the conglomerate, which posted sales of 84.7 billion euros in 2024, as a family-run firm.

Bernard Arnault, head of LVMH, speaking about the luxury conglomerate’s financial results in Paris on Thursday. “Until the end of February, everything was going very well,” he told shareholders.

LVMH is trying to keep Bernard Arnault, 76, in charge for nearly another decade. The company proposed changing its bylaws to raise the age limit of its chairman and CEO to 85. The luxury giant had ...