He Bought Louis Vuitton and turned LVMH into an Empire
Bernard Arnault is one of the richest men alive. Forbes has named him one of the world's 100 greatest living business minds. And considering that he oversees a portfolio of over 70 brands and nearly 3,900 retail stores, that doesn’t seem to be an understatement.
As you can guess, amassing so many companies doesn’t happen without ruffling some feathers, though. And while Arnault was once a recluse who got his start in engineering and construction, he eventually made his fortune through brutal takeovers in a bid to collect as many luxury consumer brands as possible. Curious to find out how he turned LVMH into the empire that it is today and learn some useful business strategy lessons along the way? Then don’t miss this video!
Sources
Bernard Arnault
www.businessoffashion.com/com...
historydraft.com/story/bernar...
www.forbes.com/sites/luisakro...
theconservativeincomeinvestor...
macro-ops.com/lessons-from-bu...
LVMH
www.lvmh.com
en.wikipedia.org/wiki/LVMH
www.theguardian.com/business/...
neckar.substack.com/p/the-ris...
Criticism
Louis Vuitton's TOXIC Work Environment [video]
• Louis Vuitton's *TOXIC...
“Thanks Boss / Merci patron!” [documentary]
“LVMH boss hits back at 'extreme leftists' over depiction in film” [article]
www.theguardian.com/business/...
Revealed: the Romanian site where Louis Vuitton makes its Italian shoes [article]
www.theguardian.com/business/...
Пікірлер: 97
People are overlooking that he grew a small family business into that $15 million he used to buy Dior... it's not like his daddy threw him $15m to keep him busy, he helped to earn it.
@mylesp89
Жыл бұрын
His dad gave him the CEO position. Ghe video said he took 15mil from the family. It didnt come from him. Not saying he did work hard & had some business sense but he could never had done this without his rich parents.
@MagicBrianTricks
Жыл бұрын
@@mylesp89 OP doesn't disagree. He's just saying that they were rich because of their son
@kylesmith9466
Жыл бұрын
No, his family was already rich…obviously! They gave him $15m and he received another $45m from an already successful company. He never started off with no money…he had money. I respect a person who starts our with absolutely NO MONEY.
@NotKimiRaikkonen
Жыл бұрын
@@kylesmith9466 well that wasn't an option he was given.
@LwiireLivingstone-lv8dy
7 ай бұрын
You also get it and start a luxury business 😂
His story should be made into a movie, that was an incredible watch, well done to him.
I just love these stories, soo much information in a nutshell
And he is now the richest man alive, big respect.
Master of “prefect timing”
Such an amazing success story. Bravo! Good argument against inheritance tax: some rich sons can scale up midsize businesses into empires!
Awesome Video by the way!
Wow!!! this video is as beautiful as the luxury goods featured in it. SUBSCRIBED
Excellent video! With only 4000 views? This deserves so many more. Perhaps the masses are too busy obsessing over luxury brands to notice.
@BusinessStoriesOfficial
2 жыл бұрын
Wow, thank you! To be honest, I continue because of comments like this. I'm putting lots of effort in the videos and it feels amazing that they are appreciated. ❤👌
@MegaJuniorJones
Жыл бұрын
The video is too typical. Good graphics but it’s too good that it rubs off like any typical KZread video trying to grab views. The narrator voice is also too commercial.
@andaapetri604
Жыл бұрын
Uk
@nanshak5029
Жыл бұрын
Honestly… I love the details !!!
@relaxatic868
Жыл бұрын
@@MegaJuniorJones this didn't age well lol
I have been obsessed about this man since this year, especially since last month. He is the second richest man. And he isn't slowing down. Damn is story is amazing and Corny lol. Weldone for this video I learnt more than I did from wiki
@SteveMiguel
Жыл бұрын
No1 now
He was underhanded to the family after they made a deal. He did not create the deal but the family did.
Residuals is the key here! Give the customer VALUE TASTE QUALITY at a PRICE and back it up You cannot LOSE period.....That customer will always seek YOU out Why? Because OF THE EXPERIENCE OF PURCHASING THAT PRODUCT... THEY WANT MORE AND MORE... CANNOT GET ENOUGH OF THAT EXPERIENCE... jb
Do you have video amancio ortega zara please?
As Margaret Atwood said so eloquently - “You can only be jealous of someone who has something you think you ought to have yourself.”
This is a great video. Can you do one on David De Giglio?
“Bought them all” 💯🔥🔥🔥
God forbid he ever acquires Dunkin' donuts !
Legend
LVMH next acquisition:Reyes-Brinson Design Group?
Can you do a video on Kering founder Francois Pinault? Thanks
@BusinessStoriesOfficial
2 жыл бұрын
Hi Baw, thank you so much! That's a great idea, I will write it down.
@baw-mq4bt
2 жыл бұрын
@@BusinessStoriesOfficial Thanks, there is not much info on KZread about him.
@kingstonstreet3726
2 жыл бұрын
I would enjoy it too
@BusinessStoriesOfficial
2 жыл бұрын
I just made a Kering video for you and uploaded it yesterday on the channel. Thanks for your suggestion and let me know what you think of it :) Cheers!
@baw-mq4bt
2 жыл бұрын
@@BusinessStoriesOfficial Awesome, can’t wait to watch it. Thanks so much
Why is this video on speed dial ? Imagine if we talked to each other like this everyday, like vocals on crack
Next Rolex and Bugatti...
@TheRakanow
Жыл бұрын
Rolex perhaps but Bugatti no. His market is luxery goods but consumables. The car market is whole different market relying on more rules that what other product he sells with his other companies
You need to make more vids … I watched them all 🥴
Go Ahead. I'm Number 1k Subscriber 🥰
@BusinessStoriesOfficial
2 жыл бұрын
Thank you so much, your support means a lot ❤🙌
Quite brilliant. The more government hands out free money the better he does
You'd think he could buy better face moisturizer or even a clay face mask LIKE PRONTO
2nd generation success story
Do kering!!!
@BusinessStoriesOfficial
2 жыл бұрын
I just made a Kering video for you and uploaded it yesterday on the channel. Thanks for your suggestion and let me know what you think of it :) Cheers!
@harison7778
2 жыл бұрын
@@BusinessStoriesOfficial thank u!
Mr Bernard Arnault is the equivalent version of Bill gates for luxury business owners to Tech business owners.
@artistsingerwriterproducer8288
Жыл бұрын
B Gates is criminal, He manipulated Computer so , that He can use Them all. After He grounded a foundation, to Day, I m a good Person. What is not Oke. !
@artistsingerwriterproducer8288
Жыл бұрын
The have Stolen all by my own created products, Projects, Scripts etc
He Played correct, fair without any crime inside?
It's only natural that the French are on the top of fashion
The narration voice is too stock commercial.
At least you did well with the pronunciation. Some don’t even do the research and are very terrible.
@juvaisahmakkah620
Жыл бұрын
😇🙃 🌈rhyming words should come from your feelings. And let your mind dance the sound 🎶 then you got your own tune 🌞 I don't have a look to glance your way but I got your pure 🥰smile ✌thanks guy ..😇
quality of Lv bags and accessories are not good quality as they used to be
The only person I want to be like 🤩
@gilgamesh310
Жыл бұрын
Why?
Hermes is next
@johnfox1991
Жыл бұрын
I wouldn't doubt it.
@TheRakanow
Жыл бұрын
Hermes is already his i thought
@Fayalfadhly147
3 ай бұрын
GOD FORBID
This is like Bang Si-Hyuk of BTS HYBE soon to be story.
Only mistake he did was buying Hublot if he is after high quality brands
He bought himself in, without money he couldn’t do shit
@juvaisahmakkah620
Жыл бұрын
😇🙃some times loving words can open any SKY GATE😊...THANKS ✌😇
@gilgamesh310
Жыл бұрын
A lot of people can’t do shit without money.
@jocelynlin6044
Жыл бұрын
@@gilgamesh310 exactly， we could all literally be ceos if we had the money to hire smart people
@gilgamesh310
Жыл бұрын
@@jocelynlin6044 We'd need to have a very strong work ethic too.
@stefan5730
Жыл бұрын
Could have splashed it or become a drug addict or something like that. Instead he indebted himself and spene evrrything on a compnay that was bancrupted...
Off white is next
Sheesh
If you want to get rich, focus on creating value to the market, then the money itself will flow in, Value itself is the symbol of money you are making, a fellow creator ~~~----
black mail.. worked for him. life is short., some legacy , not.
Hard for this type person to enter the kingdom of God.
Mr burns
👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼
@Stefanhaukur1998
Жыл бұрын
👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻👍🏻
Super interesting, but the pronunciation of the company names is unpleasant to hear.
I know but my self just loves to spend by my honest mind and hands . I don’t care your dark world. If you don’t like. I take away what you had helped before I came for interview. I believe my own abilities to do another places for living. Don’t use that helps to do anything to my mind . Im enough old to know something move around me .I just know to do what I can be useful person for the life before I die someday in the future. Because no anyone can’t know this .
Ferrari
@TheRakanow
Жыл бұрын
Car market whole different market with more rules than any other products he is in
Doos.
You lost me when you said he doesn't care about closing operations just like Buffett. You clearly don't know what your talking about
Ri compris des magouilles ?!
"He brought" More like a cut throat, back stabbing purchase at best, Greed over greed to his glory.
how about we check pronounciation before uploading videos
I like the video, there is a good research behind, but some aspects of editing looks unprofessional. I found the white outline of M. Arnauld's photo quite irritating and the flying images look really cheap, unlike Arnauld's empire