Spotlight
Arnault family on the verge of controlling over 50% of LVMH
The fall in LVMH's share price, from €850 to €690 in just over a year, has allowed the Arnault family to quietly grow its stake in the group, which now sits just below an absolute majority of 50%. The family has financed this strategic but extremely expensive undertaking with loans, which it reimburses with the group's hefty dividends.