LVMH Succession Plan Raises Concerns Over Potential Family Power Struggle

Succession battle at LVMH, Europe's largest company by market value, could destabilize French and European economies if mishandled
Deputy CEO Antonio Belloni's resignation raises concerns about future leadership
CEO Bernard Arnault has appointed 5 of his children to senior roles, setting stage for power struggle
Placing siblings in direct competition for control of a vast empire rarely ends well
Regulators should pay closer attention to governance issues at LVMH given its outsized importance