Article: In Arnault's worlds, luxury and the future are keys to empire.(fashion executive Bernard Arnault of Groupe Arnault)(includes related articles on Christian Dior's 50th anniversary retrospective)

NEW YORK -- Guarded, shy, elusive. And plenty shrewd.

Bernard Arnault is perhaps the most important executive in fashion. He's also an uncannily private man in an outrageously public world, where he routinely captures not only headlines, but designers and companies, too.

And tonight is the taciturn LVMH chairman's time to shine, surrounded by royals, both the European and Hollywood kind, including Princess Diana -- wearing John Galliano's inaugural Dior dress -- Madame Claude Pompidou, Isabelle Adjani, Julia Roberts and Sharon Stone.

Not to mention Galliano -- complete with his own personal "New Look" -- Alexander McQueen, Christian Lacroix, Gianfranco ...

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