Bernard Arnault and his family have further consolidated their control over the French luxury group LVMH. According to a source close to the family, they now hold 50.01 percent of the capital and 65.94 percent of the voting rights.
This threshold crossing is of great strategic importance, even if it may seem minor on paper. It marks the transition to an absolute capital majority and thus goes beyond the supremacy already secured by double voting rights.
“This exceedance demonstrates the great confidence of Bernard Arnault and his family in the future of LVMH,” the source said. The transaction comes in an environment where the Group continues to demonstrate remarkable resilience in the global luxury market.
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