The 26-year-old executive is mulling Rimowa hotels and lounges as he sets out to turn the German luggage maker into a billion-euro brand.
Bernard Arnault said he has decided to add to his son’s responsibilities in response to growing interest in the luxury group.
Luxury boss Bernard Arnault has drafted the heads of JD.com, Farfetch and IBM into the jury for the LVMH Innovation Award for start-ups.
“I think I will be there for some years,” says Arnault in relation to a question about his successor.
Pierre Louette has been charged with strengthening the digital presence of the group’s media properties.
France’s richest man distributed the shares to his children, including Delphine and Antoine Arnault, according to stock market filings.
Nike was among the companies caught up in the Paradise Papers release, while Taylor Swift is striking back against a blogger’s post.
The ceremony was held at the French foreign affairs ministry.