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LVMH CEO Warns Crisis Could Derail Recovery, Shares Plunge

4/23/2026

45 5 Full Breakdown

Summary

Arnault Warns Crisis

LVMH CEO Bernard Arnault warned the Middle East crisis could spark a global catastrophe and hurt the group's recovery.
LVMH shares have fallen 26% year-to-date and are 3% lower than at the previous shareholder meeting.
The Iran war reduced total group sales by at least 1% in the first quarter and cut tourist flows to Europe.
Arnault said the two-week-old ceasefire, due to expire this week, remains of unclear status.

Summary

Arnault Invites Heirs

Bernard Arnault invited his children to speak at the AGM after securing 50.01% of LVMH’s capital and 65.94% of voting rights.
Four children sit on the board, with Antoine and Delphine on the executive committee.
The children oversee divisions, with Jean leading Louis Vuitton watches, Frédéric heading Loro Piana and Antoine managing image.
Arnault said Tiffany & Co., bought for $16 billion in 2021, will become the world’s top jewellery brand.

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Arnault Warns Crisis

LVMH CEO Bernard Arnault warned the Middle East crisis could spark a global catastrophe and hurt the group's recovery.
LVMH shares have fallen 26% year-to-date and are 3% lower than at the previous shareholder meeting.
The Iran war reduced total group sales by at least 1% in the first quarter and cut tourist flows to Europe.
Arnault said the two-week-old ceasefire, due to expire this week, remains of unclear status.

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