Slaughterhouse 2025

Bernard Arnault
The next generation of fashion, retail, and luxury C.E.O.s barely exists, which helps to explain why Arnault’s children have risen so quickly up the LVMH ranks. Photo: Nicholas Kamm/AFP/Getty Images
Lauren Sherman
January 2, 2025

The other day, I was listening to an interview with an economist, who said she doesn’t like to make year-ahead predictions until the end of January, when the dust from some fourth-quarter trends has settled—and especially in a presidential inauguration year. Well, I’m not an economist, and I’m genuinely shocked by how many of my 2024 predictions came true. So I’m not afraid to stick my neck out there. Actually, I prefer it that way.