The drama playing out over the estate of the late eyewear billionaire Leonardo Del Vecchio looks far removed from Bernard Arnault’s meticulous planning for the long-term family stewardship of LVMH Moet Hennessy Louis Vuitton. Yet the Italian feud is a real-time reminder of what could go wrong for the owner of Louis Vuitton and Christian Dior. The situation puts fresh pressure on Arnault to provide more clarity on succession and convince investors that the safeguards he’s put in place are robust enough to avoid a similarly unseemly fight over his legacy.
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