Antoine Arnault Steps Down as Berluti CEO in LVMH Reshuffle
- Move likely to renew speculation over succession at LVMH
- Billionaire Arnault’s five children all work at luxury group
Antoine Arnault is stepping down as chief executive officer of Berluti, the shoemaker that’s part of LVMH Moet Hennessy Louis Vuitton, amid an executive reshuffle that’s set to trigger questions over succession at the world’s biggest luxury group.
The eldest son of billionaire Bernard Arnault will stay on as chairman of the Parisian brand but will be succeeded as CEO by Jean-Marc Mansvelt, who’s transferring from LVMH jewelry brand Chaumet, according to a statement Wednesday. The changes are effective as of Jan. 1.