Julien de Rosa/AFP via Getty Images
- The eldest son of LVMH CEO Bernard Arnault will be stepping down as the CEO of Berluti.
- Bernard Arnault is the world's third-richest man, and all five of his children work for LVMH brands.
- Arnault has previously expressed disdain for comparisons made between his family and HBO's "Succession."
Antoine Arnault, the eldest son of LVMH CEO Bernard Arnault, will be stepping down as the CEO of Berluti, a luxury shoe brand under the LVMH umbrella.
The executive reshuffle, announced by the company on Wednesday, is slated to go into effect in January 2024.