Bernard Arnault’s hold on LVMH tightens as stake surpasses 50%

Drapers Bernard Arnault’s hold on LVMH tightens as stake surpasses 50%

LVMH CEO Bernard Arnault has increased his stake in the French luxury conglomerate to 50.01% from 49.77%, meaning that the Arnault family now holds 65.94% of total voting rights, Bloomberg has reported.

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