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'Icons of Modern Art: The Shchukin Collection' is being hailed as a once-in-a-lifetime event. For the first time in 70 years, the collection of Russian art aficionado Sergei Shchukin has been brought together at the Louis Vuitton Foundation located in Bois de Boulogne.

Bernard Arnault, the CEO and Chairman of LVMH, has played a key role in getting this exhibition up and running.

Speaking to the "CNBC Conversation", the chief executive of the luxury brand tells CNBC's Tania Bryer how happy he was to organize the exhibition, and that he believed the Russian President would want to come and see the exhibition, after negotiations were made with the country to make it happen.

Aside from hosting the Shchukin collection, Arnault is the chief of one of the most renowned luxury brands out there: LVMH.

During the conversation, the CEO talks about facing critics as a business, and how the brand stays afloat despite current global macroeconomic headwinds, such as China and geopolitical tensions.

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