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Rumors surrounding BLACKPINK’s Lisa and TAG Heuer CEO Frédéric Arnault have been circulating since 2023, and recent events have only added more fuel to the fire. The two have been spotted together multiple times over the past year, which already had fans and media speculating about their relationship status. Now, after Lisa’s recent DEADLINE concert in South Korea, whispers about the two possibly being a couple have grown even louder.
On July 8, a South Korean media outlet reported that Frédéric Arnault was in Seoul. According to the report, his schedule appeared packed with visits to some of the city’s top department stores, especially those tied to luxury brands under LVMH—the group his family is closely connected to. From the Lotte Avenuel in Jamsil to the Shinsegae branches in Gangnam and Myeongdong, and even the Galleria Luxury Hall, Frédéric seemed to be on a luxury retail tour across Seoul. The next day, he also checked out Hyundai’s flagship department store in Apgujeong and reportedly held meetings with local retail executives.
On the surface, it all looks like a business trip. But fans weren’t buying that narrative entirely—mainly because his visit came right after BLACKPINK’s DEADLINE tour shows in Goyang, which took place on July 5 and 6. The timing struck many as too perfect to be a coincidence. Fans strongly believe that Frédéric adjusted his business plans to be close to Lisa during her tour’s South Korea leg. Although there were no confirmed sightings of him at the actual concert venues, some speculate that he either kept things very low-key or arrived shortly after to meet her privately.
Adding to this, social media was full of fan theories predicting his next move. Some believe that Frédéric may quietly accompany Lisa and the rest of BLACKPINK to their upcoming tour stops. With the next shows scheduled for July 12 and 13 at SoFi Stadium in Los Angeles, fans are already watching closely. One user even confidently posted that Frédéric will show up at the U.S. and European legs of the tour, suggesting that he might be traveling under the radar to support Lisa from behind the scenes.
While there’s still no official confirmation about their relationship, the consistent timing of Frédéric’s appearances and his continued presence around Lisa’s events keeps the rumor mill turning. Fans seem divided—some are swooning over the idea of Lisa having such a dedicated partner, while others remain skeptical until they see more concrete proof. Still, with Frédéric’s frequent visits and Lisa’s growing international stardom, the buzz around their alleged relationship doesn’t seem to be dying down anytime soon.