LVMH chairman and CEO Bernard Arnault delivers a speech next to Publicis Groupe's Chairman of the Supervisory Board Maurice Levy during the opening ceremony at the VivaTech technology startups and innovation fair at the Paris Expo Porte de Versailles, in Paris on June 17, 2026. (Photo by JULIEN DE ROSA / AFP via Getty Images)

LVMH chairman and CEO Bernard Arnault looks on as he delivers a speech during the opening ceremony at the VivaTech technology startups and innovation fair at the Paris Expo Porte de Versailles, in Paris on June 17, 2026. (Photo by JULIEN DE ROSA / AFP via Getty Images)

LVMH chairman and CEO Bernard Arnault looks on as he delivers a speech during the opening ceremony at the VivaTech technology startups and innovation fair at the Paris Expo Porte de Versailles, in Paris on June 17, 2026. (Photo by JULIEN DE ROSA / AFP via Getty Images)

TOPSHOT - LVMH chairman and CEO Bernard Arnault delivers a speech during the opening ceremony at the VivaTech technology startups and innovation fair at the Paris Expo Porte de Versailles, in Paris on June 17, 2026. (Photo by JULIEN DE ROSA / AFP via Getty Images)

LVMH chairman and CEO Bernard Arnault delivers a speech during the opening ceremony at the VivaTech technology startups and innovation fair at the Paris Expo Porte de Versailles, in Paris on June 17, 2026. (Photo by JULIEN DE ROSA / AFP via Getty Images)

LVMH chairman and CEO Bernard Arnault looks on as he delivers a speech during the opening ceremony at the VivaTech technology startups and innovation fair at the Paris Expo Porte de Versailles, in Paris on June 17, 2026. (Photo by JULIEN DE ROSA / AFP via Getty Images)

LVMH chairman and CEO Bernard Arnault looks on as he delivers a speech during the opening ceremony at the VivaTech technology startups and innovation fair at the Paris Expo Porte de Versailles, in Paris on June 17, 2026. (Photo by JULIEN DE ROSA / AFP via Getty Images)

LVMH chairman and CEO Bernard Arnault looks on as he delivers a speech during the opening ceremony at the VivaTech technology startups and innovation fair at the Paris Expo Porte de Versailles, in Paris on June 17, 2026. (Photo by JULIEN DE ROSA / AFP via Getty Images)