Arnault family increases control over LVMH
The family of Bernard Arnault, chairman of Moët Hennessy Louis Vuitton (LVMH), has elevated its stake within the firm, additional strengthening its control of the world’s largest luxurious group. According to reporting by WWD, the Arnault family now holds 50.01 per cent of LVMH’s capital, a rise from 49.77 per cent. Arnault has 5…