LVMH is pushing for Bernard Arnault, who is 76, to helm the company until he's 85.
Edward Berthelot/Getty Images
LVMH is trying to keep Bernard Arnault, 76, in charge for nearly another decade.
The company proposed changing its bylaws to raise the age limit of its chairman and CEO to 85.
The luxury giant had already changed the limit once in 2022 when it was raised from 75 to 80.
French luxury giant LVMH is trying to keep its chairman and CEO, Bernard Arnault, 76, in charge for nearly a decade more.
LVMH is trying to amend its company bylaws, hoping to raise the age limit for its chairman and CEO from 80 to 85, per its company filings.
If shareholders agree to the change during the annual general meeting on April 17, Arnault could continue to helm the company for another nine years. He has been the chairman and CEO of LVMH since 1989.
If the vote is successful, it will be the second time the luxury tycoon pushes back his retirement. In 2022, when Arnault was 73, LVMH raised the age limit from 75 to 80.
Bloomberg reported that the first time the change went through, famed investor and Berkshire Hathaway CEO Warren Buffett wrote to Arnault, telling him he had set the new age limit too low.
Arnault has made several leadership reshuffles in the brands he owns β moving his children around from role to role.
The company statement said the younger Arnault will start his new role on June 10. Before the promotion, he led LVMH's watches division.
Other leadership shake-ups included Damien Bertrand, the current CEO of Loro Piana, being promoted to deputy CEO of Louis Vuitton, and Pierre-Emmanuel Angeloglou being appointed deputy CEO of Dior.
According to his LinkedIn, Angeloglou is currently the managing director of LVMH's fashion group and the CEO of Fendi.
All five of Arnault's children hold leadership positions in LVMH, with four of them sitting on the board of directors.
Representatives for LVMH did not respond to a request for comment from Business Insider, sent outside regular business hours.
Lawyers for Mahmoud Khalil, a Columbia graduate and legal resident from Syria, are asking a federal judge to order U.S. immigration authorities to immediately release him and find his detention in violation of the First Amendment.
The big picture: Court documents filed late Thursday show that Khalil's lawyers intend to aggressively challenge the Trump administration's use of a rarely used law that gives the secretary of state the authority to revoke visas from foreigners deemed to be a threat.
Zoom in: Khalil's expanding legal team, which now includes the American Civil Liberties Union (ACLU), is asking U.S. District Judge Jesse Furman to set aside the determination by U.S. Secretary of State Marco Rubio that resulted in Khalil's arrest.
Lawyers want Furman to declare efforts to target noncitizens "advocating for Palestinian rights" unlawful β something President Trump hinted could be more common soon.
Catch up quick: Immigration and Customs Enforcement (ICE) agents arrested Khalil on Saturday after he returned from dinner with his wife.
The Department of Homeland Security has been investigating him and gathered evidence that he was actively supporting Hamas, but not materially supporting the terror group, a White House official said.
Rubio was presented with evidence from the DHS review and determined that Khalil acted against U.S. foreign policy positions, the official said.
Context: U.S. law allows the secretary of state to deport a green card holder if that person is deemed to have "potentially serious adverse foreign policy consequences for the United States" β but it's been rarely used outside of the Cold War or serious crimes, experts told Axios.
Rubio posted on X last week that the U.S. has "zero tolerance for foreign visitors who support terrorists."
He added that "violators of U.S. law β including international students β face visa denial or revocation, and deportation."
Reality check: Khalil, a legal resident with a green card, has not been charged or accused of any crimes.
Zoom out: That case has drawn international attention and generated protests nationwide.
Nearly 100 people were arrested after protesters gathered at Trump Tower in Manhattan Thursday to demand the release of Khalil.
What they're saying: "This is a clear attempt by President Trump to make an example out of Mr. Khalil and silence dissent across the country," Brett Max Kaufman, senior staff attorney with ACLU's Center for Democracy, said in a statement.
"No matter what your views are on Israel and Palestine, we should all be terrified of a government incarcerating its residents for their political opinions."
"With today's filing, we are making it crystal clear that no president can arrest, detain, or deport anyone for disagreeing with the government," said Donna Lieberman, executive director of the New York Civil Liberties Union, another group that joined the legal team.
For the record: Furman on Wednesday halted ICE from deporting Khalil, who is in a detention facility in Louisiana.
Representatives for the White House, State Department and ICE did not immediately respond to Axios' request for comment in the evening.
What we're watching: Lawyers for the Trump administration are expected to submit their response toKhalil's attorneys on Friday.
They are likely to invoke the broad authority the secretary of state has to deem foreigners a threat to the nation's foreign policy.
The legal challenge toKhalil might ultimately come down to the Supreme Court, which would decide how far the secretary of state can determine whether a permanent resident can be removed for speech.
Bluesky said it began selling the same T-shirt CEO Jay Graber wore at SXSW on Thursday afternoon and sold out within 30 minutes.
Samantha Burkardt/SXSW Conference & Festivals via Getty Images
Bluesky CEO Jay Graber recently wore a T-shirt that appeared to take a dig at Meta CEO Mark Zuckerberg.
The company began selling the same shirt online on Thursday afternoon.
A Bluesky spokesperson told BI that it sold out within 30 minutes.
Bluesky is taking another shot at the Mark Zuckerbergs of the tech world.
During the week of SXSW in Austin, Bluesky CEO Jay Graber donned a black T-shirt imprinted with a Latin phrase: "Mundus sine caesaribus" or "A world without Ceasars."
The shirt appeared to reference the Meta CEO, who wore a similar boxy, black T-shirt with a Latin phrase likening himself to Roman general Julius Caesar: "Aut Zuck aut nihil" or "Either Zuck or nothing."
On Thursday afternoon, Bluesky started slinging the same shirt Graber wore at the Austin conference. The shirt sold out within 30 minutes, according to Bluesky spokesperson Emily Liu.
Liu told BI that the shirt signaled the ethos of the social media platform.
"Jay wore the shirt onstage at SXSW to emphasize Bluesky's democratic approach, where a single CEO or company doesn't control your experience online β and looks like people resonated with that vision," Liu said in an email.
Graber said in a Bluesky post that sales of the shirt launched while she was on a flight and sold out before she landed.
The company declined to share how many shirts it sold.
Since Twitter rebranded to X after Elon Musk's 2022 takeover, some users have decamped to alternative social media platforms like Bluesky. Meta, the parent company of social platforms Facebook, WhatsApp, and Instagram, launched its X alternative,Β Threads,Β in 2023.
The migration continues a trend of online users seeking sites that conform closer to their political or cultural beliefs.
Bluesky, which was founded by Jack Dorsey in 2019, saw a surge in users after the election and registered 30 million users as of January, the company said.
Photos captured around the world late Thursday show a bright and illuminating Moon.
North Rhine-Westphalia, Solingen: The almost fully illuminated Moon shines in the night sky over Solingen, Germany. For places in Central Europe, the moon sets during the eclipse, even before the moon has fully entered the umbra. Photo: Gianni Gattus/picture alliance via Getty Images
What time is the Blood Moon?
The Moon appears red or orange during the lunar eclipse because "any sunlight that's not blocked by our planet is filtered through a thick slice of Earth's atmosphere," NASA said.
"It's as if all the world's sunrises and sunsets are projected onto the Moon," NASA said.
What we're watching: The Moon will appear coppery red during the lunar eclipse's totality phase for a little less than an hour, according to NASA's timeline.
This phase begins at 2:26am EDT Friday, 11:26pm PDT and 6:26 UTC.
Totality ends at 3:31am EDT, which is 12:31am PDT and 7:31 UTC.
The full moon appears in the evening over Duhok, Iraq on March 13, 2025. Photo: Ismael Adnan Yaqoob/Anadolu via Getty Images
The full Moon rises over Tegucigalpa, the capital of Honduras on March 13. Photo: Orlando Sierra/AFP via Getty Images
The Full Worm Moon rises behind the U.S. Capitol dome at dusk on March 13 in Washington, DC. Photo: J. David Ake/Getty Images
Full Moon to appear full through Saturday
March's full Moon, also known as the "Worm Moon," is officially full at 2:55am EDT Friday, NASA said.
It will appear full for about three days β from Wednesday evening into Saturday morning.
The Trump administration must reinstate thousands of fired probationary federal workers, a judge said in a temporary restraining order on Thursday.
Why it matters: In the second such order to reinstate fired workers on Thursday, U.S. District Judge James Bredar ruled that the lawsuit brought by state attorneys general against 18 agencies was likely to succeed in showing the mass firings "were unlawful."
Driving the news: In the latest case, the Obama-appointed judge said in his order in Maryland the agencies gave "no advance notice" for the mass layoffs.
"It claims it wasn't required to because, it says, it dismissed each one of these thousands of probationary employees for 'performance' or other individualized reasons," Bredar wrote.
"On the record before the Court, this isn't true. There were no individualized assessments of employees. They were all just fired. Collectively," he added.
The big picture: The lawsuit was filed against agencies including the Departments of Agriculture, Commerce, Defense, Education, Energy, Health and Human Services, Homeland Security, Housing and Urban Development, Interior, Labor, Transportation, Treasury and Veterans Affairs, along with their secretaries.
A federal judge in California earlier on Thursday ordered six government agencies to offer fired probationary federal workers their jobs back.
Representatives for the Trump administration did not immediately respond to Axios' request for comment in the evening.
Set an alarm and reminders to look at the sky for the rare chance to see a Blood Moon total lunar eclipse late Thursday night and early Friday morning.
All of the phases of the eclipse are expected to last around six hours.
North America and South America are expected to get the best views of the eclipse, but it will be visible across the Western Hemisphere.
Total lunar eclipse and Blood Moon
A lunar eclipse occurs when the Sun, Earth and Moon align so the moon passes into Earth's shadow, according to NASA.
Total lunar eclipses occur when the Moon passes into the dark shadow of the Earth.
Lunar eclipses are sometimes called "Blood Moons" because the Moon will turn a reddish and copper hue, NASA said.
What time does the lunar eclipse start tonight?
When to watch: The hours for when the lunar eclipse will be visible vary by time zone.
The initial phase of the eclipse, called the penumbral eclipse, begins at 11:57pm EDT and 8:57pm PDT Thursday, NASA said in its timeline.
The partial eclipse begins at 1:09am EDT Friday, which is 10:09pm PDT Thursday, and as the Moon moves into the umbra "it looks like a bite is being taken out of the lunar disk."
Totality begins at 2:26am EDT Friday or 11:26pm PDT Thursday. In totality, the Moon is "tinted a coppery red."
What time does the total lunar eclipse end?
Totality ends at 3:31am EDT/12:31am PDT.
The partial eclipse ends when the Moon has set in 4:47am EDT or 1:47am PDT.
The penumbral eclipse ends when the Moon has set in 6am EDT or 3am PDT.
How to see the total lunar eclipse live
What we're watching: Unlike a solar eclipse, anyone with a view of the Moon during a lunar eclipse will be able to see it as it occurs, NASA said. Special equipment isn't needed to observe a lunar eclipse.
"Binoculars or a telescope will enhance the view," NASA said, noting a "dark environment away from bright lights makes for the best viewing conditions."
Timeanddate.com will have a live stream of the lunar eclipse starting at 1am EDT Friday.
March full Moon is the "Worm Moon"
The Moon, known as the "Worm Moon," will be full early Friday morning at 2:55am EDT, NASA said.
It will appear full for about three days β from Wednesday evening into Saturday morning.
NASA said the Maine Farmers' Almanac began publishing Native American names for full moons in the 1930s and called the March full Moon the Crow, Crust, Sap, Sugar or Worm Moon.
Why the Moon appears red during total lunar eclipse
How it works: The Moon appears red or orange because "any sunlight that's not blocked by our planet is filtered through a thick slice of Earth's atmosphere," NASA said.
"It's as if all the world's sunrises and sunsets are projected onto the Moon," NASA said.
"Imagine coffee houses that are comfortable and warm with expanded seating options, power outlets, and abundant food displays," Niccol told shareholders.
Niccol said the new design would also have clearly separated sections for those dining in-store and those picking up their to-go orders.
This is the latest move in Niccol's "Back to Starbucks" plan, a game plan he developed when he joined Starbucks in September to turn the company around. Wednesday's shareholder meeting marked six months since he took the top job.
The executive has been working to solve challenges including long wait times, flaws in the customer experience, and issues with its mobile ordering system. Niccol said that mobile ordering "chipped away" at the brand's soul.
Starbucks' global comparable sales slid by 7% in the fourth quarter of 2024 compared to the same period a year before. Its performance improved in the first quarter of 2025, when global comparable sales decreased by 4% year-on-year.
A key pillar of Niccol's "Back to Starbucks" is rebranding the company as a cozy local coffeehouse where people can hang out.
Kelly Benthall decided to retire early to improve her health.
Kelly Benthall
Kelly Benthall saw work culture improve over her 30-year career, but the damage had already been done.
Last year, she decided to retire early in order to improve her mental, physical, and emotional health.
At her first post-retirement checkup, her doctor noted improvement.
My plan had always been to retire at 65 β grind it out, climb the ladder, and finally enjoy the freedom. But plans change, especially when your body starts flashing warnings you can't ignore.
Last year, at 53, I retired early with my husband β not because we had meticulously planned every detail, but because the cost of staying in the rat race β mentally, physically, and emotionally β had become too high. Work had always been a source of pride, but it was also a source of stress and, at times, serious health consequences.
For more than 30 years, I helped companies ranging from startups to giants such as Shell and Chevron navigate strategic change. I had spent those decades taking on more responsibility than was reasonable, absorbing the pressure, and expecting little in return. Over time, I internalized stress as a normal part of success β until my body forced me to stop.
The corporate fast lane and its toll
The workplace has changed a lot since the '90s and early 2000s, particularly in male-dominated industries like oil and gas. Back then, I was a minority as a woman, and those who made it to the top endured relentless pressure. Some became champions for equality. Others expected fellow women to tough it out, believing suffering was a rite of passage.
Some female leaders respected my work, but others saw it as a threat.
During an orientation at one of my first jobs, I mentioned my experience in speechwriting to a CEO. He asked me to write his sales conference talks, but my female boss told him I wasn't interested and offered to do it herself. I later reached back out to the CEO to clarify, and we ended up partnering for years.
And then there were #MeToo moments I can't believe I tolerated. One boss thought it was appropriate to share his appreciation for Playboy centerfolds during meetings.
The culture shifted over time as companies implemented stronger policies and accountability measures. By the time I reached my final years in corporate life, the culture had improved. But the damage had already been done.
Years of working in high-alert mode left me conditioned to expect the worst, even in safer environments.
The moment my body fought back
Despite disappointments, I kept my foot on the gas. I worked harder than ever, sometimes logging 90-hour weeks, believing that if I just worked smart enough and fast enough, I could outpace the stress.
I was wrong.
One day, I collapsed at work. My blood pressure spiked to 220/180, and I ended up in an ambulance. The EMTs gave me nitroglycerin, but nothing happened. I heard one of them say, "Uh-oh," before telling the driver to move faster.
That should have been my wake-up call. Instead, I doubled down β cycling through medications in a desperate attempt to keep going.
The advice I'd given countless others seemed easy when it was someone else's problem. "Do as I say, not as I do," I thought. Yet, as I struggled with burnout and my health deteriorated, I realized I wasn't taking my own lessons to heart. I had built a career around helping people, but I had been afraid to make the same leap myself.
It wasn't until I spoke with a coach β a free consultation, something I almost canceled because I "didn't have time" β that I saw my life from a different perspective.
She asked me one simple question: "When was the last time you did something that scared you?"
The question caught me off guard. I had spent so many years operating in a world of controlled risks, where I calculated every move and mitigated every possible failure. But fear? The kind that comes from stepping into the unknown, from daring to disrupt the status quo? It had been a long time since I'd felt that.
That moment unlocked something in me. I remembered who I was β someone who took chances. I had once thrived on new challenges, stepping into high-stakes projects where failure wasn't an option and leading teams through uncertainty. Yet, I had spent years trapped in a cycle of stress and obligation, mistaking endurance for achievement.
"Sometimes you have to break down to break through," the voice in my head whispered. That was the moment I decided to retire.
Retirement cured me
When I finally stepped away from my career, I didn't fully grasp the toll it had taken on my body. But retirement didn't just heal me β it gave me a new way of living. My husband and I embraced slow travel, trading deadlines and commutes for long walks in new cities, quiet mornings with coffee, and the freedom to explore at our own pace.
It wasn't until my first post-retirement checkup that I saw the difference. My blood pressure had dropped, and my stress markers were lower.
My doctor looked at my stats, then back at me, and said: "Your job was trying to kill you."
Escaping the hustle trap
Retirement didn't just save my health. It felt like finally pulling off the highway, realizing I'd been speeding toward a crash. It rewired my brain. What I had once called "drive" was really just a never-ending sprint toward exhaustion.
While work environments have improved in some ways, the effects of years spent enduring stress don't just disappear overnight. People like me, who became accustomed to overwork and constant pressure, struggle to recognize what a healthy pace actually looks like.
If you feel trapped in a high-stress career, ask yourself: When was the last time you did something that scared you? What are you really working for? At what point will you have enough? How long can your body sustain this stress? And most importantly, what's stopping you from making a change?
I wish I had asked myself these questions sooner. But the good news is that not everyone has to wait until their body forces them to stop.
Do you have a story to share about retirement? Contact the editor at [email protected].
The Federal Aviation Administration said in a statement on Thursday night that American Airlines Flight 1006 landed safely in Denver after the crew "reported engine vibrations."
"After landing and while taxiing to the gate an engine caught fire and passengers evacuated the aircraft using the slides," the FAA statement read.
The Boeing 737-800 plane was en route from Colorado Springs Airport to Dallas Fort Worth International Airport.
The airline said in a statement to Fox affiliate KDVR that Flight 1006 "experienced an engine-related issue" after landing and taxiing to the gate.
"The 172 customers and six crew members deplaned and are being relocated to the terminal," the statement said.
A representative for Denver International Airport told KDVR that Flight 1006 was emitting "visible smoke."
No injuries were reported, the airport told KDVR.
American Airlines, Denver International Airport, and the Federal Aviation Administration did not immediately respond to requests for comment from Business Insider.
This is a breaking news story. Check back for updates.
President Trump opened the door Thursday for Senate Republicans to find cost savings in Medicaid as they hunt for ways to pay for his border, defense and tax priorities, Axios has learned.
Why it matters: Trump has been emphatic that Medicaid benefits won't be "touched," but he endorsed looking for "waste, fraud and abuse" and even imposing new work requirements.
On Thursday, Trump and some top White House officials met with Republican senators on the Finance Committee, which includes Majority Leader John Thune (R-S.D.) and GOP Whip John Barrasso (R-Wyo.).
Zoom in: Trump indicated to senators he is open to cutting "waste, fraud and abuse" from any mandatory spending β including Medicaid, Medicare and Social Security, multiple senators in the meeting told Axios.
Social Security can't be dealt with in reconciliation.
Trump expressed openness to work requirements for Medicaid and discussing ways to reduce the rate of growth of some health care programs which could be counted as potentially hundreds of billions of dollars in savings.
He was also clear he wants Congress to deal with raising the debt ceiling in the reconciliation package and supports making his 2017 tax cuts permanent by using a "current policy" maneuver to make the cost $0.
"It became clear that [Trump] wanted to be bold," one senator told Axios, requesting anonymity to speak candidly.
What they're saying: "The President wants to make sure that we do eliminate waste, fraud, abuse, and, you know, there are a number of scams going on right now with Medicaid," Barrasso told Axios.
"There is money laundering being done with regard to Medicaid, and the American taxpayers shouldn't have to pay for that," Barrasso said.
What to watch: The group also discussed an idea of codifying DOGE cuts with a big rescission package, which could be passed with a simple majority in the Senate β rather than needing Democrats to break the filibuster.
