Post de Eric Bompard

Mon article pour Forbes dédié à Bernard Arnault, l’homme qui a forgé le secteur du luxe - My article for Forbes dedicated to Bernard Arnault, The man at the helm of luxury’s largest conglomerate, Bernard Arnault and his luxury group LVMH have an indelible imprint on the fashion industry - Mio articolo per Forbes dedicato a Bernard Arnault, l’uomo che ha plasmato il settore del lusso. https://lnkd.in/d8Yc2Za

So many interesting posts in the #luxury business community about giants like Hermès, LVMH, CHANEL, Cartier etc.. But it’s about time to post on new talents that will also shape the future of the Fashion and Luxury industry not only with strong and expensive marketing campaigns but also with creativity and forward thinking! Congratulations Clara Daguin. You are inspiring the new generation like my students in MSc Luxury and Fashion Management SKEMA Business School

Le Figaro reports that the "Old Money" aesthetic is taking over social media platforms like TikTok and Instagram. Young people are finding inspiration in the ultra-rich lifestyle portrayed in the Succession series and are making the look their own. Experts, however, prefer to call it "Quiet luxury", and an interpreter par excellence of quite luxury highlights the main problem today, finding manufacturing excellence! #fashion #fashionforward #fashionindustry #luxurylifestyle #luxurybrands #luxuryfashion #oldmoney #quietluxury

First edition from my monthly blog on Allnews.ch, La finance suisse dans l'e-media out now. En Français, I am afraid. Main points below. Looking at luxury sector and what the real luxury brands and businesses are, as well as the ones which are not (right on cue in light of today's profit warning from fashion house Burberry). It's all about desirability, exclusivity, heritage, craftmanship and "the dream". Real luxury is typically French, fashion is often Italian and most of the rest is just aspirational, at best. Worth remembering, both in luxury as well as investing is this genius quote from Aldo Gucci (from "fashion" (sic) house Gucci): "Quality is remembered long after price is forgotten" And no, we don't own any fashion companies in our Mosaique and LongRun strategies. #rothschildandco #allnews #luxury #longrun #brands #pricingpower #businessowner #avoidanceofpermanentcapitalloss #moat #neverforget https://lnkd.in/dt2QHvwS

Fourth edition of my monthly "point de vue" on Allnews.ch, La finance suisse dans l'e-media out this morning. En français, et sur une société très française: Hermès. German and English on the way, with even richer content. Summary in one sentence: There's fashion, there's luxury and there's Hermès. Hermès is a company pretty much all of you will know, mainly because its products are very expensive. But Hermès, its equity as well as its products, are all much more than just expensive. Rather, we think both its products as well as its business model are very much the epitome within their respective fields. Both are very different to anything else or, as Michael Porter called it, differentiated. Notably differentiated out of their own will, which is even more powerful. Because authenticity is paramount, and Hermès is the apex of authenticity. Nobody put it better than 5th generation family descendant and former chief executive Jean-Louis Dumas: “I don’t look at what others are doing, I might be influenced”. Hermès, never change. Wrong tie, I know, I will change. https://lnkd.in/evRPHizb #rothschildandco #allnews #hermes #longrun #businessowner #relationshipbusiness #captivecustomers #everythingisdifferent #neverchange

🔵 🔴 ⚪ 75 houses, more than 200,000 employees, 86 billion euros in turnover with more than 2500 stores worldwide, and a unique sector: LUXURY. The undisputed world leader in the sector is French, and its empire is a model of diversification and growth over time that we could learn in schools. LVMH has made some very good decisions over time, and has regularly absorbed sublime brands to establish its leadership position, as shown in this fabulous infographic. 📊 A look back at the group's main sectors of presence and some key figures 🍷 Wines and spirits, with 26 houses and extraordinary brands including: Moët et Chandon, Dom Pérignon, Veuve Clicquot, Belvédère, Krug, Yquem, Ruinart and many others More than 6 billion euros in turnover 👜 Fashion and leather goods with 14 Houses! Louis Vuitton, Berlutti, Kenzo, Marc Jacobs, Givenchy, Christian Dior, Céline, Moynat, Loewe, Vuarnet, Fendi, Pucci! International references. More than 40 billion euros in turnover 🌹 16 major perfume and cosmetics houses to smell good: The mythical Guerlain, Francis Kurdjian, Christian Dior parfums, Benefic, Make up Forever and the divisions of Kenzo or Loewe More than 8 billion euros in turnover ⌚ Watches and jewellery with again leading brands: Hublot, Zenith, Tag Heuer, Bulgari, Tiffany, Chaumet More than 10 billion euros in turnover 🎁 Selective distribution with Sephora, Le bon marché, 24S, La grande épicerie de Paris... More than 17 billion euros in turnover His latest acquisition? The American artisan eyewear maker Barton Pereira, a small goldsmith of glasses. 🔵 🔴 ⚪ And the icing on the cake, LVMH contributes a lot to the influence of France and also to its finances! - The group generates 93% of its turnover from sales abroad - LVMH has 116 design workshops in France. That's huge. - The group is loyal in business, and 214,000 direct and indirect jobs benefit from it in France alone. - the group claims that its activity brings 8.1 billion in tax benefits to the State ➡ Basically, a group that sells French production abroad (it represents more than 4% of French exports in terms of amount...), pays taxes in France, creates sustainable and quality jobs, with high salaries. National treasure.

Italian fashion house Brunello Cucinelli is reporting on its fiscal success in FY23. The luxury brand looks to have effectively avoided last year’s luxury sales slowdown, per a preliminary earnings release. Annual revenues at Brunello Cucinelli reached 1.14 billion euros, or $1.24 billion, in 2023, up 23.9 percent year-over-year at current exchange rates. Read the full article: https://bit.ly/3RQF6DA #LuxuryDaily #LuxuryNews #BrunelloCucinelli #FashionNews #Fashion #FiscalReport #LuxuryFashion #LuxuryBrand #EarningsRelease #LuxurySales #RetailNews

Accessory is Luxury ! Zadig&Voltaire runs at 40% of Accessory in its mix. It explains why Zadig&Voltaire is such a Love Brand 💎 https://lnkd.in/eJPQh3dt