Investing.com -- Bernard Arnault, chairman of French luxury group LVMH, has rejected media reports suggesting a succession battle among his five children, stating his family remains united. In a post on X responding to recent reports by French daily Le Monde, Arnault dismissed suggestions of family divisions. Last year, LVMH raised the age limit for its chairman and chief executive role to 85. At the company's annual meeting in April, when asked about succession, Arnault suggested the question be raised again in seven or eight years. Related articlesLVMH's Arnault denies reports of succession battle within familyASML and U.S. chip stocks sink on report of China's DUV breakthroughSeaport downgrades Warner Bros Discovery as merger delay clouds upside