Luxury goods are the only area in which it is possible to make luxury margins.
BERNARD ARNAULTIt is not enough to have a talented designer; the management must be inspired too. The creative process is very disorganised; the production process has to be very rational.
More Bernard Arnault Quotes
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I’ve always been pleased with the investments I’ve made with my friend Albert Frere and I regret not having followed him more, because I would have been a lot richer.
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If you deeply appreciate and love what creative people do and how they think, which is usually in unpredictable and irrational ways, then you can start to understand them. And finally, you can see inside their minds and DNA.
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It is not enough to have a talented designer; the management must be inspired too. The creative process is very disorganised; the production process has to be very rational.
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If you control your distribution, you control your image.
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Affordable luxury – these are two words that don’t go together.
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I meet the designers very often, we discuss the products, they show me their ideas, we discuss the ad campaigns and every new invention that we can find for the future.
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When you are on the management side, you still have to understand the artistic sensibility so that there is a dialogue with the creative side.
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Oh, I was brought up in the north of France, and I had a very enjoyable childhood with my family working as entrepreneur.
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I think in business, you have to learn to be patient. Maybe I’m not very patient myself. But I think that I’ve learned the most is be able to wait for something and get it when it’s the right time.
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I think this is a challenge we face, how the global region will evolve in stability with such a fast growth. If they succeed to do that, no doubt, in the next generation it will be the major area of the world, economically.
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China is clearly going to be the number one economic power and it is already full of potential.. with lots of population and the buying power increasing by the day. .
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And rather than detracting from the principal job, it reinforces it. I think of that money as venture capital. It’s not a big investment.
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What we do in our group is the opposite of the bad effects of globalization. We produce in Italy and in France and we sell to China, when usually it’s the opposite.
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I take time to get close to, and I don’t immediately throw my arms round someone.
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From time to time, the Vienna Philharmonic could play without a conductor because they are so good.
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