Today, with the calendar increasingly full of live-streaming shows that are critiqued instantly by online audiences, the job requires even deeper reserves of stamina—not to mention a flair for churning out retweetable witticisms and Instagram-ready imagery.One person who has no trouble imagining Arnault in charge someday is Pierre-Yves Roussel, the chairman and CEO of LVMH Fashion Group, who also spearheads the recruitment of new designers. Courtesy of Associated Press.“It’s hard to know what Delphine is thinking,” says Suno codesigner Erin Beatty, another finalist, before adding hastily, “I think that’s probably a good quality in a businessperson.”To an observer, there’s no doubt that Bernard and Delphine are father and daughter: They have the same aura of self-containment, the same enigmatic half-smile, the same nose. I mean, he’s exceptional.”Tait’s winning collection. Even with nine London Fashion Week presentations behind him, he tells me, he faces any number of hindrances, beginning with a cash flow problem: Advance payments from retailers are rarely enough to cover overhead. “You realize very quickly that you’re spending 90 percent of your time working on the business side of things and only 10 percent of your time designing.”Xavier Niel and Arnault at the French Open, 2014. When you show him a collection of handbags, he knows immediately which one is going to sell. Arnault counters, “This prize is about generosity. © Benoit Peverell.Sign up to receive the best in fashion, art and film from the W editors.Nicolas Ghesquière, whom Delphine championed last year to take over at Vuitton after Marc Jacobs’s departure, believes that she has a rare ability to connect business with the creative front. “No decisions are made unless they are really thought through.”Antoine, Delphine, and Bernard Arnault (from left) at the Dior Haute Couture show, 2011. I think the first time we met goes back to the Louis Vuitton show in Monaco, in 2013. Should you create a second line?”Hair by John Nollet for Hair Room Service by John Nollet at Cheval Blanc hotel. Photograph by Getty Images.Those are just a few of the pressing questions for Thomas Tait, the Canadian-born, London-based designer whom the judges pick as the winner after their deliberations in a conference room upstairs. Delphine Arnault: Chiara’s such a role model, we’re really happy to have you. We’re not businesspeople by nature, but we run our own businesses,” says Tait, whose label has only one other full-time employee. He’s a visionary who transformed the fashion industry. Courtesy of Gilles Rolle/REA/Redux.The judges at the LVMH Prize. (“If you start asking about her personal life, she will shut down,” an associate had warned me beforehand.) PARIS, France — According to market sources, Delphine Arnault, the eldest child of LVMH chairman and chief executive Bernard Arnault, will leave her post as deputy general manager of Dior, which she has held since 2008, for a position at the group's largest luxury brand, Louis Vuitton, effective this September. © Benoit Peverell.Delphine Arnault, Fashion’s First Daughter, Is Bringing Fresh Talent to LVMHKarl Lagerfeld (center) and the Arnaults at the Dior Homme show, 2011. “Of course I think she could do it,” he says. Photograph by Getty Images.Arnault, who considers herself “very French,” has plenty of good things to say about Americans—especially their attitudes toward ambition and success. It’s not like we’re taking participation in the company. At the center of the table, in a white Louis Vuitton dress cinched by a black leather belt, is the woman who dreamed up this competition, Delphine Arnault. Delphine Arnault a well known French businesswoman and the daughter of a French Multi-billionaire businessman Bernard Arnault who is expected to be the world's richest man by the end of 2020 after his fashion production company Louis Vuitton saw 4% increase in its revenue.

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