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Courtesy of Louis Vuitton/Sophie Carre.Sketches of the Louis Vuitton Foundation. © 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. I mean, he’s exceptional.”Tait’s winning collection. (“If you start asking about her personal life, she will shut down,” an associate had warned me beforehand.) Bernard says a few hellos as he passes the judges, but by the time the presentation starts, he is standing in the back of the room, watching. “I’ve never had someone from management work so closely with me on those aspects.” He sees a similar duality in her focus on young talent—a “headhunter quality” that’s rooted in her knowledge that new ideas are essential for business. It’s really to help young talent grow.”As we speak, Arnault is being made up for the photograph that will accompany this story, and she has to apologize to the makeup artist because she keeps turning away from the mirror to look me in the eye as she answers questions. Roussel was Arnault’s supervisor and mentor during her stint at McKinsey, where he worked before joining LVMH. 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.

© 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.

She joined LVMH in 2000. "It is very necessary to know the talent and creativity, as well as in which we can help for best and proper growth of their business"As said earlier, she is the daughter of one of the world's richest man Bernard Arnault and is equally invested in flourishing her father's business. She is the oldest child the famous billionaire Bernard Arnault. Photograph by Getty Images.Arnault says the prize, with its team of LVMH advisers, can help guide young designers over the hurdles. © Benoit Peverell. Should you do shoes and handbags, or perfume?

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. Delphine Arnault: Chiara’s such a role model, we’re really happy to have you. During our interview on the morning after the prize ceremony, at a photo studio in the 7th arrondissement, she is courteous, pleasant, and unfailingly controlled. Courtesy of Gilles Rolle/REA/Redux.The judges at the LVMH Prize. When you show him a collection of handbags, he knows immediately which one is going to sell. Further, she also holds the record of being the first woman and youngest person to become a board member of Louis Vuitton's management 2003.The LVMH group's objective is to discover the young talents and creativity of young and new designers, talking about her efforts to help newcomers, she said: “Of course I think she could do it,” he says. We’re not businesspeople by nature, but we run our own businesses,” says Tait, whose label has only one other full-time employee.