Frederic Arnault has been appointed managing director of Financiere Agache, a key holding company through which the Arnault family controls LVMH Moet Hennessy Louis Vuitton, the world’s largest luxury group. The Arnault family holds a controlling stake in LVMH, encompassing brands like Louis Vuitton, Christian Dior, and Tiffany. This appointment adds to Arnault’s role as chairman and CEO of LVMH Watches and follows Nicolas Bazire’s expired mandate. The family, including all five of Bernard Arnault’s children, plays significant roles in LVMH’s management. The succession plan for Arnault, now 75, remains uncertain despite extending the retirement age to 80. At the end of last year, the family and its controlled companies owned 48.60% of LVMH’s stake and 64.33% of its voting rights.