Bernard Arnault, the 76-year-old billionaire founder of LVMH, signaled he could helm the luxury group for the best part of another decade.LVMH said in a filing that it will seek to raise the age limit for the chief executive officer and chairman to 85 from the current 80 at next month’s annual general meeting.

LVMH will ask shareholders to raise the age limit for its CEO and chairman to 85, allowing its billionaire boss Bernard Arnault to remain longer at the helm of the French luxury goods group.

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.