LVMH CEO Bernard Arnault said he was hoping he would be able to make another ten years when asked about his succession plans for the world’s biggest luxury group.
Reuterss
“Talk to me again in 10 years, I can give you a more precise answer,” Arnault, 76, told broadcaster CNBC in an interview, referring to his latest mandate extension, approved by shareholders earlier this year. “I hope … that I will make these 10 years,” he said.
Commenting on the role of his five children at the family-controlled luxury giant, Arnault gave little insight on who could take over the helm. “For getting responsibility, they have to merit the responsibility and to prove they can do it,” Arnault said.
