From time to time, the Vienna Philharmonic could play without a conductor because they are so good.
BERNARD ARNAULTAnd rather than detracting from the principal job, it reinforces it. I think of that money as venture capital. It’s not a big investment.
More Bernard Arnault Quotes
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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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Affordable luxury – these are two words that don’t go together.
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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 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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If you control your distribution, you control your image.
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It’s true that I am not from the south and I have a certain reserve. I take time to get close to, and I don’t immediately throw my arms round someone. But it is more a question of style.
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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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In the luxury business, you have to build on heritage.
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When something has to be done, do it! In France we are full of good ideas, but we rarely put them into practice.
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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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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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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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In the luxury business, you have to build on heritage.
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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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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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