Arnault Family Moves to Cement Control of LVMH in Ownership Overhaul

By Andrea FiguerasFrance's Arnault family intends to simplify the structure of the companies that hold LVMH, a move designed to secure the clan's long-term control over the luxury conglomerate.Under the plan, Bernard Arnault's Financiere Agache will take control of LVMH after holding company Christ…