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.
BERNARD ARNAULTI’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.
More Bernard Arnault Quotes
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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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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.
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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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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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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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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.
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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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If you control your distribution, you control your image.
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Luxury goods are the only area in which it is possible to make luxury margins.
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When I was working in my first job engineering construction, what I liked the most was working with architects and making buildings that had this creative side coming from the architect and that were making them a big success.
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A good product can last forever.
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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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Affordable luxury – these are two words that don’t go together.
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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.
BERNARD ARNAULT