LVMH shares hit a record high on Monday, pushing the luxury brands giant above $500 billion in market value and making it the first European company to reach the mark.
Arnault and his family own 48% of LVMH’s share capital, and he has been working to keep the company under family control.
The logo of French fashion house Dior is seen on shopping bags at the 30 Montaigne, the original site of Christian Dior's first store, ahead of its reopening in Paris, France, Mar. 2, 2022. LVMH is the parent company of brands including Louis Vuitton, Dom Perignon, Givenchy and Tiffany & Co.
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