Bernard Jean Étienne Arnault (French: [bɛʁnaːʁ aʁno]; born 5 March 1949) is a French business magnate, an investor, and art collector.
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.
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.
In the luxury business, you have to build on heritage.
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.
I take time to get close to, and I don't immediately throw my arms round someone.
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.
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.
It is not enough to have a talented designer; the management must be inspired too. The creative process is very disorganised; the production process has to be very rational.
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.
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. .
From time to time, the Vienna Philharmonic could play without a conductor because they are so good.
Affordable luxury - these are two words that don't go together.
If you control your distribution, you control your image.
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.
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.
Luxury goods are the only area in which it is possible to make luxury margins.
China has really succeeded because of its stability. So my feeling is, how they are going to maintain this fantastic stability in a very fast changing economic situation. 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.