LVMH : Bernard Arnault buys 270 million euros worth of shares 
Bernard Arnault, the CEO of LVMH, bought shares for a total of 270 million euros, further increasing the family’s capital in the luxury group. Analysts are positive about the share price, which has only increased over the years.
Bernard Arnault wants to strengthen the position of his family within the luxury group he leads. According to statements made to the Autorité des marchés financiers, the LVMH boss bought 335,322 shares in the group between January 27 and February 28 at prices ranging from 788 to 823 euros. These shares were acquired through the companies Christian Dior, 97.5% controlled by the Arnault family, and Financière Agache, the parent company of Christian Dior.
In December 2022, the Arnault family already owned 48.18% of LVMH shares, compared with 47.83% in 2021. Also in December 2022, it held 63.90% of the voting rights, a slight increase compared to the end of 2021.
The total number of shareholders in the company is estimated to be close to 300,000. Among them, the share of foreign institutional investors is estimated at 38.7% of the company’s shares, while French institutional investors hold 7.8%. LVMH employees own less than 0.5% of the shares.
Positive estimates
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Featured photo : © DR
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