Fashion
Arnault transfers champagne boss to run family football club
By
Bloomberg
Published
September 18, 2025
Bernard Arnault’s family is installing LVMH Moët Hennessy Louis Vuitton SE executives to lead recently-acquired Paris FC, a sign the luxury billionaire is intent on reviving the commercial fortunes of the club.
Jean-Marc Gallot, up until now head of LVMH’s Champagne brand Veuve Clicquot, will now head up Paris FC, according to a joint statement from the club and the Arnault family investment vehicle Agache.
The club’s new CFO, Alexandre Battut, is coming from another LVMH label, the fragrance maker Maison Francis Kurkdjian. Battut will join Paris FC in early November, the statement added. The executive previously spent three years at rival Paris Saint-Germain football club.
Last year, the Arnaults unveiled plans to buy the lesser-known football club, with an initial stake of 52% that could increase to 80% in 2027.
The family’s foray into football took observers by surprise as the Arnault clan is normally associated with exclusive and high-end investments. Separately, the luxury conglomerate controlled by billionaire Bernard Arnault has bet big on sport sponsorship, especially with Formula 1.
Paris FC, founded in 1972, managed in May to be promoted to France’s Ligue 1. This marked their return to the top league after an absence of more than four decades.
The family’s plan is to make Paris FC profitable and “not to waste money”, said Antoine Arnault in a previous interview with Bloomberg News, adding that football is a “difficult” business to be in.
Literally across the road from Paris FC’s stadium is the home ground of super-club Paris Saint Germain. The Qatar-owned team won their first ever UEFA Champions League in May, defeating Inter-Milan 5-0 in the final.
Gallot’s appointment is subject to approval at the next board of directors meeting of the Paris FC set to take place in the next few days, the statement added. Thomas Mulliez will replace Gallot as president and CEO of Veuve Clicquot, LVMH said in another statement.
While trends in high frequency indicators for January-February 2026 appear favourable, the heightened uncertainty around the duration of the Middle East conflict casts a shadow on the near-term macroeconomic outlook for India amid high import dependency for items like crude oil, natural gas and fertilisers, it noted.
India’s FY27 GDP growth is likely to slow to 6.5 per cent from the projected 7.5 per cent in FY26 owing to the impact of higher energy prices and concerns around energy availability, ICRA Ratings said.
The heightened uncertainty around the duration of the Iran war casts a shadow on the near-term macroeconomic outlook for India.
If the conflict lasts longer, the adverse effects could widen across sectors.
If the conflict lasts for an extended period, the adverse implications of the same could widen across sectors, amid an uptick in input costs and the consequent impact on profitability of the India corporate sector.
Amid the projected uptrend in the consumer price index-based inflation in FY27 with risks tilted to the upside, ICRA Ratings expects an extended pause on the policy rates by the central bank’s monetary policy committee in the fiscal despite the anticipated softening in the GDP growth. However, it expects the Reserve Bank of India to continue to intervene on the liquidity front during FY27.
The available data for January–February FY2026 indicate a positive trend across most non-agricultural indicators, with the year-on-year performance of 12 out of 18 indicators improving compared to the third quarter of FY26, while the remaining six deteriorated.
Fibre2Fashion News Desk (DS)
Indonesia’s apparel exports rose modestly to $8.705 billion in 2025 from $8.316 billion in 2024, reflecting gradual recovery.
The US remained dominant, accounting for over 56 per cent of shipments, highlighting growing market dependence.
While Japan, South Korea and Europe offered stability, exports stayed concentrated in key products and segments.
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Methanol prices in India have surged nearly 150 per cent from pre-Iran–US tension levels, tracking a sharp rise in crude oil and tightening global energy markets.
Hormuz disruption risks, limited rerouting capacity, rising freight and insurance costs, and constrained imports are fuelling volatility, with prices seen approaching ₹90 per kg.
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