Arnault's next move was a power play that made him infamous throughout Europe. Once in the door at LVMH, he used the constant feuding between the two CEOs to secure a controlling interest and then ousted both C
smaller, often family-run Italian luxury fashion manufacturers, operating them under one group umbrella structure with shared management and operational resources. As part of the deal, suppliers invest in the larger group structure, with business owners staying on to manage their own companies. ...
LVMH offers another perspective on how organizational structure can support a superpower. The company is organized as “both a large group and a federation of medium-size companies.”18 The CEO says, “We want to federate a team of entrepreneurs, which includes a...
On Jan. 21, 2025, Elon Musk, the owner of various companies including Tesla and X topped the latestForbeslist with a net worth of $429 billion. Four out of the top five consisted of tech entrepreneurs. Amazon founder Jeff Bezos was second, followed by Oracle co-founder Larry Ellison, Met...
One of the biggest questions that resale companies, advocates and brands have yet to tackle is what the best growth strategy is for engagement, efficacy and environmental impact. Brands benefit from launching their own platforms or partnerships because they can control the customer relationship and ca...
Swatch houses every step of the watch-makingvalue chaintoday, including the nuances that give its pieces an edge. The group controls companies that makewatch casesand batteries for timepieces. It owns and operates its own foundry for gold and other alloys. Swatch also owns Micro Crystal, which...
Brand building is the set of activities that help companies to build an identity that can be recognized by its audience. Thus, it works as a mechanism of identification through core values that signal trust and that help build long-term relationships between the brand and its key stakeholders....
For example,on LVMH’s website, there’s a section that describes how Hubert de Givenchy built the Givenchy Maison by predicting the “casual chic and democratization of luxury that would leave its mark on the 20th century.” So, when you buy a dress from the house of Givenchy, you’re...
What does this mean for luxury fashion as a whole? The fashion world has had great impact through its philanthropic support of worthy causes. At the same time, some brands have been reluctant to air their own dirty laundry. “They want consumers to think their products have all been made ...
Ralph Toledano: People who look down their noses at LVMH or Kering are just jealous. They envy their power and money. Look, the CEOs of these companies might wear grey suits and white shirts, but that doesn’t mean that they don’t get it. They do. François-Henri Pinault had the ...