French world's top luxury group LVMH CEO Bernard Arnault (L) sits next to Financial director Jean-Jacques Guiony (R) during the group's general meeting in Paris on April 18, 2024. LVMH said on April 16 that its first quarter revenues slid by two percent, with inflation worries knocking back wine and spirits sales but cosmetics and perfume getting a lift. (Photo by Miguel MEDINA / AFP) (Photo by MIGUEL MEDINA/AFP via Getty Images)