LVMH: THE ARNAULT FAMILY GETS THE HIGHEST DIVIDEND EVER

Bernard Arnault by Magali Delporte

According to reports from authoritative sources, Financière Agache, the holding company controlling the Arnault family's luxury empire, has approved the distribution of an extraordinary dividend of 1 billion euros. This sum, divided equally among the five Arnault heirs-Delphine, Antoine, Alexandre, Frédéric, and Jean-represents probably the largest distribution of cash from ordinary business operations ever recorded in the industry.

The exceptional dividend was taken from Financière Agache's massive cash reserves, which amounted to 15.5 billion euros according to its latest financial statements. The decision was made possible due to the holding company's impressive net income in 2023 of 2.55 billion euros, mainly from dividends received from Christian Dior SE and the LVMH group.

It is important to highlight the recent governance reorganization of Financière Agache, which holds, through Christian Dior SE, 42% of LVMH. Two years ago, the Agache commandité limited partnership was established, owned equally by the five Arnault heirs. This structure stipulates that only the Arnault brothers can be partners, with a restriction on the transfer of shares until 2052.

LVMH, under the leadership of Bernard Arnault, controls a vast portfolio of luxury brands, including Louis Vuitton, Dior, Fendi, Loewe, Loro Piana, and Givenchy, as well as the prestigious fine jewelry brands Bulgari and Tiffany & Co.

This financial move underscores not only the group's robust cash position, but also the Arnault family's long-term strategy in managing and preserving its luxury empire.