PARIS — François Pinault, the billionaire magnate who controls France’s Pinault-Printemps-Redoute retail and luxury conglomerate, has handed the reins of his far-flung empire to his son.

François-Henri Pinault, 41, on Thursday became chairman of Artemis, the family holding company, which retains a majority 42.2 percent in Pinault-Printemps-Redoute. Artemis’ other properties include the Christie’s auction business, the Chateau Latour winery, a theater in Paris and a French soccer team.

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