How Bernard Arnault's LVMH legacy resembles 'Succession'

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There's a real-life 'Succession' drama playing out among the children of Bernard Arnault, the world's richest person and head of luxury behemoth LVMH

"Succession," HBO's smash hit show about the trials and tribulations of a media conglomerate and its warring family members, is near its conclusion after four seasons and five years.

Waystar Royco is on the verge of a roughly $100 billion sale to a Swedish tech entrepreneur. Logan Roy, the family patriarch and the company's founder, is dead and the deal is mired in uncertainty. Just four episodes remain. Comparisons are often drawn between the 13 Emmy-winning show and the Murdoch family. Like Rupert Murdoch's News Corp, Waystar Royco is a media conglomerate with a trio of adult children competing to be named heir. his fictional Roy family is inspired by several famous dynasties, such as the Hearsts — the family behind Hearst Communications — and the Redstones — the controlling influence behind Paramount Global.

But there are striking resemblances between the Roys and a non-media family currently in the spotlight. There's still plenty of rivalry between the progeny of Luca Solca, an analyst at investment firm Bernstein, told that Arnault had created a"Darwinian contest" among his kids, much like the battle within the Roy family., Arnault hosts a monthly 90-minute lunch with his five children, whose ages range from 24 to 48, to drill them on company strategy and ask them for advice.notes, so did Logan Roy.Graeme Hunter/HBOTake his 1984 takeover of Bussac, the company which then owned Dior.

 

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