Since December, LVMH has announced new CEOs for Louis Vuitton, Dior and the family holding company that controls the world’s largest luxury conglomerate itself. It has installed a mix of next-generation Arnaults and industry veterans in key roles. And there may be more change to come, as some of the group’s most trusted managers approach retirement.
The market took this month’s reshuffle in stride. Last week, shares hit a record high.