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Booming sales of luxury goods in China and strengthening euro factor into the company’s new milestone, alongside lucrative share prices.
Bernard Arnault, the world's richest person with a net worth of $213 billion (as per Bloomberg Billionaires Index on April 25), has been auditioning his children to take over his luxury conglomerate LVMH. Watch this Business Today Visual Story to know all about the succession drama.
China's consumers have driven the sales of LVMH products, just as the company's CEO Bernard Arnault predicted
Mr Arnault effectively auditions them to see who will take over the luxury empire.
French billionaire Bernard Arnault gathers his four sons and a daughter for a 90-minute lunch once a month at the headquarters of LVMH.