Home / Business and Economy / Arnault Family Now Controls LVMH With Over 50% Stake
Arnault Family Now Controls LVMH With Over 50% Stake
25 Feb
Summary
- Arnault family entities now hold 50.01% of LVMH share capital.
- This amounts to a significant stake of 248 million LVMH shares.
- The milestone was confirmed via a regulatory filing in France.
Entities associated with the Arnault family have surpassed a major ownership milestone in the luxury goods giant LVMH. As of Wednesday, the family's related entities now command a controlling stake of 50.01% in the company's share capital. This significant increase in ownership amounts to a total of 248 million shares. The development was officially disclosed through a regulatory filing submitted to France's stock market watchdog, the AMF. This move solidifies the family's predominant influence over the renowned conglomerate.
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