Louis Vuitton, the world’s biggest luxury brand in terms of sales, is planning to dampen its expansion worldwide and focus on high-end products to preserve its exclusive image.
BERNARD ARNAULTLouis Vuitton, the world’s biggest luxury brand in terms of sales, is planning to dampen its expansion worldwide and focus on high-end products to preserve its exclusive image.
More Bernard Arnault Quotes
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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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Working in the context of ultra-famous brands like Dior and Vuitton, creative spirits are always going to feel reined in. It’s important that they are free to develop ideas. 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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From time to time, the Vienna Philharmonic could play without a conductor because they are so good.
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Affordable luxury – these are two words that don’t go together.
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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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I take time to get close to, and I don’t immediately throw my arms round someone.
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I like that combination between creativity and the creative process and the organization needed to make a business like this successful worldwide.
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Luxury goods are the only area in which it is possible to make luxury margins.
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Once we decided to do a tower in New York, it had to say something about our group, reflecting the mix of modernity and creativity in our organization. It’s a symbol.
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Affordable luxury – these are two words that don’t go together.
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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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A good product can last forever.
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I am and will remain a tax resident in France and in this regard I will, like all French people, fulfill my fiscal obligations.
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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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