Billionaire Louis Vuitton boss Bernard Arnault has used a rare public letter and X post to hit back at claims his children are locked in a succession battle over his luxury empire. The 77-year-old LVMH chairman insists his family simply call on Sundays, accusing reports of turning ordinary conversations into stories of intrigue and rivalry over who will eventually succeed him.
The world's richest luxury mogul is facing scrutiny over who will ultimately run LVMH, the group behind brands including Louis Vuitton, Dior and Tiffany. Reports have framed the family's internal dynamics as competitive, prompting Arnault to respond in unusually personal terms and defend both his heirs and the way succession is handled.
