A good product can last forever.
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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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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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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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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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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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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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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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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Luxury goods are the only area in which it is possible to make luxury margins.
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If you control your distribution, you control your image.
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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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Affordable luxury – these are two words that don’t go together.
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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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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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If you control your distribution, you control your image.
BERNARD ARNAULT