This is the story of an aging patriarch at the helm of a global business empire that

he's built over decades through aggressive acquisition.

All of his children work as high-level executives at his company, and he's planning for the inevitable,

his departure.

No, this isn't Logan Roy of the HBO series Succession.

This is Bernard Arno, owner of LVMH, which is behind luxury brands like Louis Vuitton,

Christian Dior and Tiffany.

I don't like very much the world's luxury, because you have something attached to it, which

means show off, which means something of non-significance, something futile, something that

is useless.

I think a better definition is combination of quality and creativity.

It's how I define what we do.

LVMH right now is Europe's largest listed company.

It's worth almost $500 billion.

Bernard Arno is the richest man in the world.

He's built a fortune that's worth more than $200 billion.

That's our colleague Nick Kostov.

And he says one of Arno's biggest challenges in the coming years will be choosing his

successor.

You've got what is essentially the biggest luxury empire and its future.

It does not an easy thing to manage for a single person.

Bernard Arno can do it because he built it, whether if somebody else can do it, we'll

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