Bernard Arnault and his family plan to simplify the ownership structure of the LVMH Moet Hennessy-Louis Vuitton Group to ensure that control can be passed down from generation to generation. After implementation of the plan, almost all of the Arnault family's holdings within the group will be held by a single listed entity, Agache SCA, to replace Christian Dior SE. Once the changes are completed, Agache SCA will directly hold 49.76% of LVMH's share capital and 65.55% of the voting rights. This structure, known as “société en commandite par actions” in France, is often used by family businesses to consolidate control over the group — legal experts call it a “padlock” structure.

Bernard Arnault and his family plan to simplify the ownership structure of the LVMH Moet Hennessy-Louis Vuitton Group to ensure that control can be passed down from generation to generation. After implementation of the plan, almost all of the Arnault family's holdings within the group will be held by a single listed entity, Agache SCA, to replace Christian Dior SE. Once the changes are completed, Agache SCA will directly hold 49.76% of LVMH's share capital and 65.55% of the voting rights. This structure, known as “société en commandite par actions” in France, is often used by family businesses to consolidate control over the group — legal experts call it a “padlock” structure.