CEO Bernard Arnault labeled the 2026 outlook unpredictable during LVMH’s Annual General Meeting. He attributed this uncertainty to the ongoing crisis in the Middle East.
Arnault warned the conflict could escalate into a world catastrophe with severe economic consequences. A slowdown in tourist demand has already impacted the luxury group's growth.
Arnault expects LVMH to gain market share during the crisis, following historical performance patterns. All five of Arnault’s children addressed shareholders for the first time to elevate their corporate profiles.
Arnault deferred succession questions for seven or eight years. LVMH previously raised the CEO age limit to 85 to extend his tenure.