Arnault warns Middle East war could spiral into ‘global catastrophe’

bernard arnault, the billionaire behind lvmh, said the middle east conflict could turn into a "global catastrophe" if it keeps escalating. he made the comment while discussing the luxury group's outlook — recovery depends on the war being resolved quickly. lvmh has been feeling the pressure from a slowdown in demand, especially in china, and the conflict adds another layer of uncertainty for high-end spending. arnault didn't offer a timeline for resolution, just that the longer it drags on, the worse the fallout gets for everyone.