Arnault family restructures LVMH control via Agache SCA

The Arnault family is restructuring its control over LVMH Moët Hennessy Louis Vuitton to ensure long-term family succession and continuity. The plan involves simplifying the current holding structure by consolidating interests into a single entity.

As part of this reorganization, Christian Dior, one of the holding companies through which the family controls LVMH, will be delisted from the stock exchange. Following these transactions, control of LVMH will be centralized under Agache SCA, a partnership limited by shares that has been listed on Euronext Paris for over 30 years. Agache SCA is expected to hold a direct 49.76% stake in LVMH's share capital and 65.55% of voting rights, effectively unifying the family's holdings.

Currently, the Arnault family controls 50.33% of LVMH's share capital and 66.27% of its voting rights. To facilitate the delisting of Christian Dior, the family will be required to launch a cash tender offer for the remaining 2.44% of shares not currently owned. This tender offer is anticipated for the first quarter of 2027, subject to approval from French financial market regulators.