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Fortune
Fortune
Eleanor Pringle

Why LVMH's Bernard Arnault making his daughter Dior CEO could have drawbacks

Bernard Arnault LVMH Dior Delphine
Bernard Arnault and and his wife Helene pose with four of their children. (Credit: Chesnot/Getty Images)

Bernard Arnault is officially the richest person on Earth. But with his five children primed to take over the throne of his luxury empire, was appointing his daughter the CEO of Dior the smartest move?

Arnault is the billionaire co-founder and chairman of LVMH  — Moët Hennessy Louis Vuitton — the biggest luxury goods conglomerate in the world.

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