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The 73-year old earlier this month reshuffled top management at his luxury goods empire, tightening his family’s grip with the appointment of his daughter Delphine to lead Christian Dior, and naming a new boss for Louis Vuitton.
Asked by an analyst about succession plans at a post-results conference where his children featured prominently in the front row, Arnault said: “You will have noticed that the retirement age is being raised.”
France is in the middle of a pension reform that would increase the age for retiring to 64 from 62 currently, and is being fiercely opposed by unions.
