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.

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.

Bernard Arnault wants to once again extend the age limit for remaining at the helm of LVMH Moët Hennessy Louis Vuitton. A resolution to increase the age limit for him to serve as chief executive officer to 85 will be submitted to shareholders at the luxury conglomerate’s annual general meeting,

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.

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,