Antoine Arnault Steps Down as CEO of Berluti, Triggers LVMH Succession Speculation

Jean-Marc Mansvelt to Take Over as CEO, Antoine to Remain Chairman and Retain Other LVMH Roles

Antoine Arnault, eldest son of LVMH's billionaire CEO Bernard Arnault, is stepping down as CEO of Berluti, a subsidiary of LVMH, effective January 1.
Jean-Marc Mansvelt, transferring from LVMH jewelry brand Chaumet, will succeed Antoine as CEO of Berluti.
Despite Antoine's step down, he will remain chairman of Berluti, and continue his roles as chairman at Loro Piana, oversight responsibilities for image and environment at LVMH, vice chairman and CEO of Christian Dior SE.
Antoine's move has sparked speculation over the succession of LVMH, currently headed by his father Bernard Arnault, the world's second-wealthiest person.
Berluti, known for its luxury footwear and menswear, is not among the top 10 brands owned by LVMH, but is expected to generate around €300 million ($327 million) in sales this year.