Arnault, chairman and CEO of LVMH, remains one of the world’s richest. The latest updates tie him to steady luxury demand and leadership decisions amid AI and market shifts.
LVMH has reported steady half-year sales with 2% organic growth and a 2% rise in overall revenue to €38.6 billion; U.S. demand continues to drive performance in watches, jewelry and fashion, while Europe remains flat amid slowing tourism. The group notes margin stability but faces questions over whether growth is sustainable.
The Metropolitan Museum of Art has cancelled a planned 2027 Costume Institute exhibition honouring John Galliano after mounting backlash from donors, Jewish leaders and city officials. Galliano has withdrawn the show, apologised for past antisemitic and racist remarks and said he does not want the debate to distract from the museum; the Met will announce a replacement exhibition and Met Gala plans later.
Kylian Mbappé has left Nike after nearly 20 years and has signed with Swiss brand On, which has hired Thierry Henry as director of football. On has given Mbappé equity and will involve him in designing football boots and apparel; the company plans retail football boots in 2027 and will feature Mbappé as a global ambassador.