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LVMH watches chief points to CEO's son as successor candidate, Bloomberg News reports (updated)

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By Dagmarah Mackos

April 29 (Reuters) - LVMH LVMH.PA watch division chief Jean-Christophe Babin said he is preparing for a gradual retirement from the French luxury group and has identified Jean Arnault, son of CEO Bernard Arnault, as a natural successor to oversee brands including TAG Heuer and Hublot, Bloomberg News reported on Wednesday.

Babin took leadership of the division in March last year.

The 27-year old son of billionaire LVMH Chief Executive Bernard Arnault would be "the perfect person to take over that division", Babin told Bloomberg.

Jean Arnault joined LVMH's biggest label, Louis Vuitton, five years ago and now oversees the watch category and heads its watchmaking division La Fabrique du Temps.

 (Reporting by Dagmarah Mackos
Editing by David Goodman)

 ((dagmarah.mackos@thomsonreuters.com;))

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