The Future of Luxury: Who Will Succeed Bernard Arnault at LVMH?
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Published 2023-08-17
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#succession #business #fashion
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All Comments (21)
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Real life succession !
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These huge family companies are wildly interesting. "Daddy" (it is often him) has to make difficult choices: he needs to balance family life and relationships versus what is best for the company, necessarily moving him towards showing a type of favoritism towards certain sons or daughters that are more gifted / more able to fulfill the tasks required. This in turn can lead to tension within families, which can be dangerous in its own right. For me, family companies under the guide of a good family culture are vastly superior to public companies that are just supposed to bend to the whims of outside shareholders. At the same time, they can go down under internal strife, which introduces a specific type of risk factor.
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I found it funny that Bernard thinks Apple isn’t a luxury company. Maybe he just doesn’t understand or just jealous that Apple makes a lot of money selling iPhones. The reality is Apple is a luxury brand. Almost every aspect of the brand follows the same playbook as LVMH and Kering. Notice how Louis Vuitton has been selling tech products? They know, it’s a market they wish they could enter. And I am certain that Bernard Arnault, if he had enough money, he would buy Apple. He is notorious for swallowing up anything that is luxury. But Apple is way too large now. Steve Jobs actually approached Bernard Arnault about opening an Apple Store. This is an indication that ever since Steve Jobs came back to Apple, his intent was to copy luxury brands. Tim Cook continued this plan, even hiring Angela Ahrendts from Burberry, and they redesigned all of the stores after she arrived to further position the brand as luxury. They’ve clearly succeeded. If you stop looking at Apple as a tech brand, and start to look at Apple as a luxury brand, a lot of things make sense.
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I think about this company constantly. With all the fear still looming from a global pandemic, a luxury goods company majority stakeholder/CEO becomes the richest person in the world for a bit? Wild.
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It's less fashion & more brain washing by brands.
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What a family!
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Big SUCCESSION vibes in the last few minutes
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I LOVE YOU ! YOU ARE THE MOST VISIONNARY PERSON IN THE WORKD! YOUR TRULY! MR. MICHAEL CORVINUS ALLEGIANCE
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Final Boss Level ✊🏽💯✅
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Give to people what they want and they want frederic and lisa as Emprerors
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6:01 Quién dirigirá LVMH
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It's like a Luxurious Empire.
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luxury brand are over price to buy their products
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hEY does "LVMH" have a subsidiary named "Lee NH" ? just wondering. TSM!
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Lindo minha familia
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Sir, you are my courage
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7:37 48% of ownership, nice
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You really said lou-e-we…
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So Bernard became big by initially buying Christian dior vola❤❤😂😂
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Are cryptocurrency and business incompatible? I think youre not keeping up with the news. While you thought it was impossible, some enthusiasts from Cannafarm Ltd integrated cryptocurrency into the production of medical cannabis. What do you say now?
