FASHION: THE POPE OF FASHION

BERNARD ARNAULT'S IS THE KINGDOM OF LUXURY, THE POWER TO SHAPE FASHION'S FUTURE--AND ALL THE FUN

The Fall ready-to-wear shows in Paris, the most important bazaar on the fashion calendar, were in full crush. At Dior, house of the very hot designer John Galliano, the props indicated that the young maestro had been thinking hard about a dreamland Orient. As the crowds tripped around the delicate bridge to nowhere on their way to find or steal seats, one conservatively dressed businessman waited quietly in the shadows. Galliano may get the attention, but, murmured Bernard Arnault, "I have all the fun."

He also has all the power. His control of the French conglomerate LVMH Moet Hennessy Louis Vuitton...

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