Is LVMH using NEPOTISM?!  

I was working at LeBonMarché, which is owned by LVMH, every saturday at 11am Bernard Arnault would arrive with Alexandre, its was part of a weekly tour across Paris of all the major flagships of the group, from LV to Guerlain, to meet all of the teams, employees, the clientele etc, He trained his son since he was 16 and he did the same for his older kids and for sure continued with the youngest, that family is very serious, those arent just nepo babies, in France we have never seen them in tabloïds, going to insane parties or clubbing, i mean of course they go to fancy events, but its always very much like work events where they represent the family, they are very discret, its very much like royalty...

In Asia, children are supposed to take over family’s business, this has been here for decades, not nepotism but you don’t want your own children to strive.

Daddy gave em jobs so they don't kill him and get the inheritance

This is the way they keep their money within the family, obviously they are not goin to let a John Doe take over

Listen I'm glad that they got the qualifications to match and they are clearly doing a decent job. I just need people to understand that when someone creates a family business and that's the legacy they're creating they have every right to hire family as long as their qualified and doing a good job. Why not. If I ever start a business all my children working up in there if they want to.

The point of having kids is to take care of them and set them up for success so they can continue the family legacy. He’s doing what he is supposed to do. We’re so used to generational trauma and debt we hate to see people do it the right way! No one bats and eye when a person on welfare has 4 kids but we get salty when the rich have kids.

I am pretty sure they know what they are doing as for rich families invest education for their kids. Also they were probably trained earlier in their lives. It works like a royal family.

If I grew up in a wealthy family that set me up and all I had to do was not party, go to school and life freely, I’d proudly work my ass off to stay in the position my family appointed me to and I’d be damn good at it. Of course they’re capable. It’s about what you do with it. Stop making this guy look bad for raising strong smart children who will hopefully not have to suffer like so many parents did.

It’s absolutely fair! I know I’d groom my kids to take on the family businesses!

It's not a family business if there isn't a family involved.

There no problem with this if they’re qualified, I’d do the same but I’m not a billionaire businessman 😢 And I don’t have kids 😂

What makes it not fair? Your money, your companies, your family... Now imagine if it was your money, your companies and your family...

It is completely fair. He has placed people he trusts and knows in these positions. I would do the same.

You work hard to give your children opportunities. His children just happen to have bigger opportunities than mine. It’s up to the children to prove they deserved the chance.

In the Philippines, some of the business tycoons would let their children work their way up the ranks in their family owned company or even in another company. This is for them to know how everything operates and for them to see what they need to change.

He obviously prepared his children from an early age. I say more power to this family.

I’ve grown up in a family that only has negative things to say about people with money. “It’s not what you know it’s who” and “business owners never pay tax” are examples. It’s this attitude that keep the poor poor and the school system isn’t built to teach kids any different. Instead of teaching financial literacy and entrepreneurship, they learn to be compliant, obedient employees

Usually family businesses are carried on by the offsprings. Everyone wants to leave their kids in good place in life. Why hate on it. It is inate.

Why should they be ashamed of it? If I work my butt off and become successful, it’s to open doors for my family and love ones! It’s not like certain celebrities kids who have either zero talent but get major opportunities or put in Ivy League schools when they are dumb. These people are the best otherwise their father wouldn’t have put them there!

Yes, it’s fair. Everyone has the opportunity to encourage their children to learn as much as possible and have a mindset to aspire to success. It might look easier for rich parents, but training someone’s mind is not dependent on money.

Nepotism is only bad when they put people that have zero qualification in charge of vital governmental departments, which in my country’s case ruined the economy back in the 80s. Modern days nepotism by a CEO of a multi billion dollar company will not affect you at all. It is indeed not fair, but life is also far from fair.

He’s their dad… he’s suppose to do that. Kudos to him and them!! 🎉

It is definitely privileged to have a parent like that raise you and give you opportunities to obtain those qualifications, that's unfair but part of life. That being said I think as long as they are qualified and hardworking then it's as fair as nepotism can be. Edit: also I think the goal to be a nepo parents in this way. To secure your kid's success and raise them in a way so they actually can do the jobs you can offer them instead of leaching off your money? Hopefully they're somewhat decent people too but that's much harder to do

There is no way a 24 year old is "beyond qualified" to run a company of that scale, without building it from the ground up himself.

OF COURSE THEY BEYOND QUALIFIED. THEIR DAD CAN AFFORD THE BEST EDUCATION FOR THEM 😭

Ain’t no “fair” in business, and DEFINITELY not in helping your own family over others. I’d do the same exact thing if I was in his position, and so would 99.9% of others.

I'd do the same tbh...for various reasons

I don’t think nepotism should be looked at as bad as it is. If they’re competent and good at the roles given, why not. I’d love to build generational wealth.

Fredrick and John are doing amazing for their respective brands, respect for them.

I’d say this is actually one of the better examples of nepotism. It’s simply a father wanting the best for his children and also ensuring that they themselves are prepared for it. Plus they wouldn’t be in such positions if they weren’t qualified enough or deserving of it in the first place.

♥️ I love it, I think it’s brilliant. He’s blessed to have such a successful career/life. And to watch his family succeed him.. 🙏🏽 Again love it.

Actually, they seem like the most down to earth family

With that family it's fair because they're all educated and look who their daddy is.🎉🎉🎉🎉🎉🎉

It is a leg up in the world. But they do have to prove themselves to maintain.

It makes sense because money provides you with the neccessary education, financial security, social status, and network that poverty doesn't. With all that access, it is expected they would be qualified. So although not having money won't a 100% disqualify you, you would have a hell of a time working your way up to their level with in the same time frame with out the access to the above.

i believe parents should always make it to where their children succeed,, i think the main frustration is that of course theyre qualified theyve had everything handed down to education(which is a luxury) and its essesntially creating this family of dragon hoarders who sit on their pile of gold for centuries. meanwhile the rest of the world is dying

Ms Lalisa is set for life lmfao

Heritage is essential in luxury business. That’s it

They got the qualifications because they have money. Money will open doors to better schools and job positions.

I think if they are qualified it's fair. If you say otherwise place yourself in the kids position. You study hard get all the qualifications and have grown up around these businesses. They are ideal candidates for the roles due to the dedication. It's their inheritance they are watching - you wouldn't let millions slids. Neither would they

They're beyond qualified BECAUSE OF THEIR DAD IS BERNARD ARNAULT. He had the means and connections to get them into the best schools and the best opportunities. OFC IT IS NOT FAIR

These kind of nepotism i totally get and agree with... hardworking and family business, dont compare them to the Smiths, like please, its very insulting...

We're not saying it's unfair because they don't deserve it we're saying it's unfair because other people deserve what they have aswell

There is nothing wrong with this. Especially if they are “beyond qualified”🤷🏼‍♀️💯💯

They own the company and most likely have a much better education than most people who would apply for the jobs anyway.

To be completely fair, I don’t know their background, but if I was an honest hardworking man that became the richest on earth, I would employ every single one of my family members to set them for life. It’s dependent on their ability to run subsidiaries but still allows them to become filthy rich. I would do the same with my kinfolk, as opposed to just giving them “free” money.

I think that the father worked hard to grow his companies for him to be able to give it to his children, but he's not just giving it to them, he made sure they are qualified and can handle what they've been given.

If I stomached the risk and worked hard to start my own company into an established public brand and then a bunch of strangers told me I can’t hire/pass on my company to my family, I’d give them the middle finger and tell em to fk off. From what I’ve heard, Bernard Arnault is the kind of person who has higher standards and expects more from his family and clearly he has given his family these positions because they proved they were at least more competent than the average small business owner. They’re not bratty kids who just go on vacations using daddy’s money.

They all went to respective colleges to fulfill the roles that they were placed in. His son was the one that diversified LV by hiring POC designers and giving Virgil Abloh his opportunity without having an education in fashion design. LV is the only designer house that has a rule about treating every guest with the same level of excellence regardless of what they are wearing and I've seen it first hand in Santa Monica when yard workers came in during lunch to buy their mother a wallet. I speak Spanish and they had a Spanish speaking CSR offering them water and treating them like they were in suits. Sure I may never get an opportunity like this as a first generation citizen but its certainly not like they were just thrown into positions they were not prepared for for the sake of nepotism.

It's called a family business.

It's his company he can keep the wealth in his family. Pop is building a dynasty it's fair cos he calls the shots💵💵💵💵

Meanwhile the Quality of ANYTHING taken under LVMH Umbrella goes down the lavatory. It is a nightmare - Somebody do something!🙏🇬🇧

If you’re 24 year old making six figure salary you’re definitely a nepo baby. They’re a nothing wrong with it so long as they acknowledge they wouldn’t have that job otherwise. I hate when people act like they built their career themselves. It’s okay if you haven’t, just don’t lie about it 🤷‍♀️

It’s a miracle that they work. Life’s not fair and if you’re born with taste, use it!

Lvmh was big before but it only became noticeable now as everyone is buying luxury already. Influencers started the trend. Before people wont even think about buying a chanel card holder bcos its obv too expensive. Now, people are actually saving up to buy one of the cheapest things at a luxury store just so they could feel what its like being rich. And also t-shirts, especially ones with the brand’s logo.

I mean… I know such families. The parents are extreme over performers and that rubs off on the children. They’re raised with an iron fist and end up not just qualified but also already involved due to their parents being such workaholics.

he does what he wants with his company, he loves his children, i'd do the same

Yes, and also good parenting! We know some rich people who has dumb children

They are beyond qualified because they have had every opportunity to BE qualified.

I think it’s fair to inherit your parents’ job .. my mom’s a teacher I became a lecturer.. my father’s in the army now my brother’s in the army too .. and this is everywhere and since the dawn of time that people simply inherit talents interests and jobs

People are saying Frederick Arnualt is dating Blackpink’s Lisa

I can't wait to see what little Valentina becomes!!! Selma is her mama, she's gonna be a super star in business!!

Beyond qualified because of their privilege and connections not because they are so talented 😅 They got everything first hand and since a young age. They cant control where they were born nor their privilege and if it’s family business, then it’s understandable to keep it to themselves. Unless you are ungrateful and arrogant and whinging how difficult nepotism is i have no problem with that. Also, if they create jobs for people and provide opportunities (not just in their circle) thats a bonus. I don’t know them, but they seem well grounded.

It’s the safest way for the business to maintain its longevity they are working for their greatest mentor they have to hit targets because it’s a public company . I’m sure they all have degrees from top universities and started in smaller roles. It doesn’t work for everyone but if you can do it it’s a very safe bet for long term stability

If you are wealthy, you do get more exposure to wealthy circle of people, that’s just the truth

I built my small business at my kitchen table as my five kids grew with the intent on If something was to happen to me my kids could have the business.

They have the qualifications because they didn’t have to worry about being hungry, sick and homeless growing up with all the resources and connections available. If they’re good people, good for them but that’s not the point here.

Who would you trust more to take care of your beloved company than your own children. People will comment on others lives with no self reflection whatsoever. It’s sick

Family business Just the most successful one I think that the leap of Nepo babies within the arts has become another level. It's awash with so many nepo babies that talented people who don't have the contacts are getting forgotten Not even forgotten Never known

Some call it nepotism, but anyone with business acumen would call this successful strategic succession planning. You could have his children inheriting controlling stake in a huge conglomerate with zero experience and zero role clarity, or you could have his children inheriting controlling stake in a company which they are all well-versed in and better yet, each have very clear executive roles within, which ensures they do not fight over decision-making, but rather lean into each other’s expertise when making such decisions that affect thousands upon thousands of peoples’ livelihoods. Nepotism is only bad when it is unearned.

rather than hate, I'm definitely jealous with the kids ahahhaha, because at the end of the day if I'm on Bernard Arnould's shoes I deffo would do the same. I mean why would someone worked so so hard and be successful in life if not for one day passing it to their children and grandchildren and so on.. We all are just an outsider, we don't know how it feel to be his children l, if they are good, hard work, decent people they must have an immense pressure of being his child, you know to at least be on his level and keep the legacy... I remembered red this about one of the richest family in Malaysia and before they entered the family's company they need to have double degrees in both undergrad and grad school (like I even struggling with finishing one undergraduate school and it has nothing to do with my parents money, it's just me the problem is me 😅..), so no one would questions whether they are qualified or not, I mean even with all the qualifications people would still see them getting in purely because of their parent right?? I'm not trying to justify this nepo baby things, but let's not just seeing it from one POV 😁

Honesty, Jean is exactly the person to be at LV watches. His personal collection is immense and whilst the Tambour is a ridiculous proposition at $50,000 (next to no true watch enthusiast will be tempted to try ot at that price when you have so many alternatives), it does stand on it's own merits.

Incredible 😭

I don’t see a problem with nepotism as long as the person taking over is qualified and won’t sink the company. They seem to do a good job. I don’t see an issue. It’s pretty normal to want your family to be successful.

When you build an empire you build it for your legacy to take it over. This makes sense to me.

Great luck to the family

With the Education you also could think about if they also would have ALL such a good education if they weren’t rich!

His wife is a dual citizen of Canada She's born in Montreal. So we are forgetting the diversification they have here in Canada.

I have no problem with nepotism and elitism. The only problem I have is that I am not one of them.

I don't know what's unfair about it. Arnault himself was a nepotism baby too, what he and his kids got was a foot in the door which is most important. Bernard Arnault father was in real estate, and he used that knowledge for brands, housing it in shops everywhere. Like Macdonald, they don't just sell burgers, they own real estate and buy up the market.

Worked at a liquor store bought out by GoPuff where they are the biggest Hennessy suppliers in KY. Sometimes I didn’t want to sell what they want because I know LVMH was getting rich during Covid

Setting them up for success. Not every kid who inherits a business is successful but he seems to have trained his children well.

it is your right as the major shareholder to approve executive posts in companies you own

No doubt nepo babies but that is the family’s prerogative. And it seems to be working out for them. Being a nepo and being competent (or incompetent) are mutually exclusive things.

They are only qualified because they have the advantage and privilege of having daddy pay for education and such. It’s still nepotism I think. I’m sure there are other ppl just as qualified.

We can go one step further: most lucrative corporate jobs start with a long unpaid internship which can only be done by someone with a financial able family in order to support that . That’s another way to privilege the rich .

I feel like this is what lots of parents who have a restaurant or whatever place of business do so I think this is reasonable

There are plenty of qualified people who will never have the same opportunity as they did. They got a fast track because of family but then again, life isn't fair.

Rich men offer their children great education to them work for them in the future. It is nice to give others a chance but I believe it’s okay to keep the money or the opurtunity in the family first. But they very fortunate to have access to wealth and education. Unless they’re doing like my boss that never works but takes full pays bigger than the people actually working.

Yes fair. Good for them. There are far more rich kids who waste their privilege, do drugs, accomplish nothing. He must have raised them well for that kind of trust.

He built generational wealth for his family and made sure his kids got some type of business degree to help run the businesses. He made them work for that money. Completely fair.

The fact that they are qualified doesn’t mean it isn’t nepotism and by saying that it is nepotism, we don’t take away all the efforts that have made in order to get where they are today. It is simply about acknowledging the advantages that having a relative with influence gave them. Fact is, someone as qualified as them probably wouldn’t be where they are at the same age without their father So, they are nepo babies and competent persons. One isn’t exclusive to the other

I do but don’t disagree, I do because if they’re over qualified and can prove they’ve got what it takes then sure but not gonna lie, this just seems like their dad got them all nice jobs at fancy brands but also what if one of the employees can do their job better? They aren’t gonna see that position because guess what? The people in those positions have good old daddy on their side

For a family like this, if the children are qualified, give them the job, an outsider can be a rival's mole.

I love that for them!

I mean this is objectively unfair right. That doesn't make it unreasonable or evil but of course it isn't fair that some children get an excellent education, internships and a fast track to career success through their rich father and other kids don't.

Who wouldn't take up the offer, hell if my dad had been that rich you're damn straight I'm taking advantage

Make me think of Chaebols.. That's just how most work as a familial company. Not the 1st one, not the last one. It happens more in industrial family

It's normal. It's their heritage. Who will take care of it better than your children. They were raised for this.

It is nepotism the qualifications dont mean its not nepotism