Bernard Arnault slams claim his kids are feuding for control of the $142 billion LVMH empire: ‘They burst out laughing … It is the stuff of novels’

Bernard Arnault, the seemingly unflappable CEO of the world’s leading luxury company, has taken to social media to deny claims his family is locked in a Succession-style battle for control of his empire. The question of who will take over from 77-year-old Arnault (net worth $142 billion) atop LVMH naturally sparks intrigue: Arnault has five children, all of whom work in fashion houses owned by the business.Suggestions of a contest between Arnault’s children are nothing new. Still, the implication of something more sinister—that the family is embroiled in Machiavellian back-stabbing and plotting—will seemingly no longer be tolerated: Arnault took to X to publish a letter contradicting reporting by French outlet Le Monde.

The post, written in French, was reposted by the LVMH X account and titled “Merci”—”thank you.”

Arnault’s rebuttal is sharp, claiming some individuals “are betting on the cracks in a family in order to sell newspapers.” Le Monde is the largest newspaper in France, according to press certification body........

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