Bernard Arnault is to nominate two of his sons to the board of LVMH, further consolidating the hold of the controlling family’s next generation over the world’s biggest luxury group.
Both Alexandre, 31, and Frédéric, 29, will be put forward as candidates for the board, according to two people familiar with the decision, a move that will be watched for signs of which of the 74-year-old patriarch’s five children will succeed him.
LVMH is set to report annual results on Thursday, and board nominations will need to be voted through by shareholders at the annual meeting in April.
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