Bernard Arnault, the billionaire CEO and chairman of French luxury giant LVMH, is shuffling one of his children around at his companies again. Frédéric Arnault, the chief executive's 29-year-old son,

The fashion role is expected to bolster Frédéric Arnault’s credentials as a candidate to one day lead the luxury-goods giant.

Bernard Arnault has frequently described the conglomerate, which posted sales of 84.7 billion euros in 2024, as a family-run firm. The Arnault family’s holding company owns 49 percent of LVMH’s share capital and 64.8 percent of the voting rights.