LVMH will ask shareholders to raise the age limit for its CEO and chairman to 85, allowing Bernard Arnault to remain longer at the helm

The legendary 94-year-old investor Warren Buffett wrote to Arnault after LVMH raised its retirement age to 80 in 2022, saying the age limit was much too conservative.

LVMH had stated in a filing that it will be seeking to raise the age limit for the CEO and Chairman to 85 from the current 80.

Bernard Arnault, 76, could remain at the helm of the world's largest luxury group LVMH until he's 85 if shareholders back a company proposal at its annual shareholder meeting on April 17.

Luxury conglomerate LVMH is trying to clear a path that would allow billionaire Bernard Arnault to stay at the helm for nearly another decade — until he’s 85. Shareholders in the company – which owns high-end brands like Louis Vuitton,