Bernard Arnault and his family have increased their stake in LVMH to over 50%, now holding 65.94% of voting rights, thereby reinforcing their influence over the group's long-term strategy. This move comes despite LVMH shares dropping 38% from their April 2023 highs, reflecting challenges faced by the luxury sector. Additionally, LVMH announced the appointment of Alexandra Winokur as Deputy CEO for North America, alongside new leadership in South and Southeast Asia, underscoring the group's focus on key markets for expansion.

LVMH announced an unprecedented 5% decline in sales for 2025, leading to a 13% drop in net profit. CEO Bernard Arnault indicated that 2026 is also expected to be difficult, which may explain the market's cautious stance. Despite this, the relative stability of the stock reflects moderate expectations about the group's ability to navigate these challenges.

At the annual meeting, several shareholders voiced concerns over the lack of transparency regarding Bernard Arnault's succession plan, who has led the group for nearly 40 years. This uncertainty is viewed as an increasing risk for LVMH, although the market's short-term reaction remains stable. The call for clarity highlights the strategic importance of this transition for the world's leading luxury group's long-term sustainability.