LVMH’s Arnault set to propose sons Alexandre, Frederic for company’s board

Alexandre, Frederic and Bernard Arnault.Photographer: Bertrand Rindoff Petroff/Getty Images

Bernard Arnault plans to appoint two of his sons to the board of LVMH Moet Hennessy Louis Vuitton SE, as the French billionaire continues to groom his children to potentially lead the luxury empire he founded.

Arnault’s nomination of sons Alexandre, 31, and Frederic, 29, could come as early as this week, a person familiar with the matter said, confirming a report from online publication La Lettre. LVMH is due to announce annual results on Thursday.