LVMH Considers Age Limit Increase for Chairman and CEO

LVMH, a French luxury conglomerate, is considering a proposal to raise the age limit for its chairman and CEO to 85. This move would potentially allow Bernard Arnault to lead the company for an additional decade.

The proposal follows a series of management reshuffles and comes after the company raised the retirement age to 80 in 2022. The decision will be put to a vote at the company’s annual general meeting in April.

Share Price Affected by Trade Dispute

LVMH’s stock has been impacted by a trade dispute between the US and EU. The company’s shares have fallen due to the threat of tariffs on EU wines and champagnes.

Key Points

• LVMH is considering a proposal to raise the age limit for its chairman and CEO to 85
• The decision will be put to a vote at the company’s annual general meeting in April
• LVMH’s stock has been affected by a trade dispute between the US and EU
• The company’s shares have fallen due to the threat of tariffs on EU wines and champagnes