$WHACKD

Warning: Disturbing sexual images. All links are to legal websites (art galleries, art auctions, and YouTube)

François Pinault owns Kering, Balenciaga's parent company. He also owns Christies, an art auction site. If you search Jake & Dinos Chapman on Christie's, you will find numerous mannequins made by them which feature nude children with erect penises, vaginas, and anuses instead of their noses and mouths. https://www.christies.com/search?entry=JAKE%20AND%20DINOS%20CHAPMAN&page=1&sortby=relevance&tab=sold_lots

You will also find a VHS pornographic film where two pornographic actresses have sex with a severed adult male mannequin head with an erect penis for a nose.

https://www.christies.com/en/lot/lot-3117601

https://onlineonly.christies.com/s/no-regrets-collectors-edition/jake-dinos-chapman-b-1966-b-1962-24/165359

The pornographic film and mannequins were featured in a Channel 4 documentary which aired on British television: https://youtu.be/85xlZuZ0AbE?t=2584

Pinault owns some of the Chapman Brothers artwork, but there's no indication he owns the child mannequins:

Chapman Brothers offical art site: https://jakeanddinoschapman.com/exhibitions/the-francois-pinault-collection-a-post-pop-selection-palazzo-grazzi-venice/

Pinault's official art collection website: https://lesoeuvres.pinaultcollection.com/en/artist/jake-dinos-chapman

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Pinault's Wikipedia states he is the founder of Group Artmeis, which owns Christie's

https://en.wikipedia.org/wiki/Fran%C3%A7ois_Pinault

https://en.wikipedia.org/wiki/Groupe_Art%C3%A9mis

https://en.wikipedia.org/wiki/Christie%27s

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The fashion company Supreme also sold Skateboards featuring images of the child mannequins. https://jakeanddinoschapman.com/works/supreme-skateboards/ I'm not aware of any connection between this and Pinault and Balenciaga.