In a strategic move reminiscent of scenes from the hit TV series "Succession," Bernard Arnault, the world's second-richest individual with a net worth of $173.1 billion (as of October 27, according to Forbes Real-Time Billionaire List), has recently restructured his business empire to ensure family management for the next three decades. This bold transition involved the establishment of a limited partnership known as Financière Agache, designed to oversee Arnault's high-fashion giant, LVMH Moet Hennessy Louis Vuitton (LVMH). A recent report by Italy's Il Sole 24 Ore newspaper, as reported by Fashion United, revealed the evolution in the company's governance structure. The future control of LVMH shifted to a holding company named Financière Agache, which now boasts general partners with management authority and limited partners holding economic rights.