Family Squabble Looms for World’s Largest Luxury Goods Maker (Bloomberg)
LVMH Moet Hennessy Louis Vuitton SA… If you think the company’s name is a little unwieldy, try making heads or tails of family power-struggle for control, once the CEO steps down. Current CEO Bernard Arnault is 64 and could qualify for a state pension. In time, he will step time. Perhaps not any time soon, but the question of who then assumes power is a potentially destabilizing nightmare for the world’s largest maker of luxury goods. Arnault’s son, Antoine, runs shoemaker Berluti, while daughter Delphine, heads up Louis Vitton. And it appears that Arnault — France’s wealthiest man — is testing his children to find his heir apparent. Unfortunately, the competition is also testing investor patience as shares were down 1.3 percent this morning.
Like This Article? Now Get Mark's FREE Special Report: 3 Dividend Plays with Sky-High Returns
This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker, financial journalist, and money manager. As well as a book author and regular contributor to numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: