(Not me anyway)
It's been a long time since I pickpocketed a rich family.
If you want to pickpocket, you can pick the world's richest man.
Bernard Arnault, 72,
CEO of LVMH.
A French luxury giant,
Stand out among a bunch of American tech billionaires,
What does it say?
In fact, last year also climbed,
But I haven't stayed five days enough to go down.
Nearly $30 billion has been lost because of the pandemic.
(His remedy is that LV keeps raising prices...) ）
LVMH，
Many people think that they are selling bags of perfume,
In fact, it is the luxury empire that Arno single-handedly built.
(The business includes five areas: wine and spirits, fashion and leather goods, perfumes and cosmetics, watches and jewelry, and boutique retail)
In addition to LV, there are many big names,
Givenchy, Fendi, Lowe, Bulgari, Sephora and so on...
They were all acquired one by one.
secret:
"Take advantage of the void" when luxury families are engaged in infighting or are in a trough.
(This old man has always firmly believed that the economy is not good for a while, and has acquired more than 70 brands in more than 30 years)
Arno's life is not a poor boy counterattack,
His family is very rich,
The upper generations were in the construction business,
He also studied engineering.
After graduation, enter the family business,
Finding real estate promising to persuade father to change his profession.
In order to expand the family business to go to the United States for several years,
Real estate lagged behind and began to cross the luxury industry.
Real estate big guys to do luxury goods,
Is it aesthetically OK?
Maybe it's the artistic cells that the French are born with,
Arnault usually likes to wear elaborate dresses to listen to concerts, watch art exhibitions, drink red wine, and play the piano.
So naturally there is a little understanding of the luxury industry,
Even at a glance saw a good future development prospects.
So after returning to France, Arnault,
Desperately mortgaged his own real estate to acquire Boussac, who was affected by the debt of the parent company,
This was the textile giant of the time,
It consists of department stores, logistics companies and fashion companies Dior.
After the acquisition, the company was reorganized and sold.
In the end, only Dior was left,
Think it's promising and work hard.
(He's already eyeing Dior.)
There's another decisive vignette in that.
Arnault once made small talk with an American driver:
"Do you know who Georges Pompidou of France is?"
(President of France at the time)
The driver shook his head and said:
"I don't know, but I know Christine Dior of France."
A luxury brand is more well-known than the president?
Arnault, who is sensitive to fashion trends, instantly gets dior's potential,
Boussac was acquired in large part because of Dior.
But this acquisition made money but lost credibility,
Many Of dior employees were fired and replaced by their own confidants.
An entrepreneur full of wolf nature,
Even LVMH was obtained from his dove's nest.
At first it was LV's boss Henry who merged with MH Group for brand expansion.
(MH is a champagne and wine company)
But with two equal high-level people, there will be a dispute,
Henry then pulled Arno, who was in charge of the Christian Dior Group, into the melee.
(LV executives want Arno to buy a stake in LVMH and then join forces with Arnault to take control of LVMH.)
Arnaud bought some LVMH stock at a low price.
Seems to be on the same front as LV executives,
In fact, with the two sides of the relationship is not to make enemies,
Taking advantage of civil unrest and a plunge in global stock markets,
A large number of LVMH shares were bought to become the largest shareholder.
LV executive Henry was dumbfounded,
Engage in half a day to lure the wolf into the house?!!
After being angry, he also sued Arnault for malicious mergers and acquisitions,
But the court said his acquisition was not illegal.
So after taking control of the Christian Dior Group,
The de facto control of the LVMH Group is also in the hands of Arnault,
This was followed by a 30-year expansion and acquisition of LVMH.
A saga about his crazy acquisitions,
Reports large and small have been told countless times.
After acquiring Tiffany in early January this year,
(The largest merger and acquisition in the luxury industry)
LVMH became the world's largest boutique group,
The Arnold family is unstoppable.
Here's the point.▼
Although it is no problem to work for another 10 years with the strength of a workaholic like Arnaud,
But the giants are inevitably indispensable to the classic plot of property inheritance.
The five children have also been passively hearing from a young age,
Listening to my father tell stories about the business wars every day,
Every Saturday I followed my father to a specialty store,
Admonitions often ring in your ears:
"If you want to work with me, you have to work harder than others and perform better in school."
The empire that he has worked hard with his own hands,
How could Arno let real power fall into the hands of others,
Nature is spurred from an early age and tested early.
(Inheritance is in front of you, who will not work hard)
The outside world has also asked about inheritance several times,
He also answered publicly:
"It will be passed on to the most capable people, and it takes both business acumen and creativity."
(Harm, white said)
Did not specify who it was,
Who of those five children has more potential for inheritance?
Let's talk about it today,
The first is the eldest daughter and eldest son born to his ex-wife.
The eldest daughter, Delphine, 46 years old.
The only pearl in the palm of the home,
Graduated from the EDHEC Higher School of Commerce in Lille,
He also went to London Business School for further study.
After finishing her studies, she did not enter the family business directly.
Instead, he went down-to-earth to work at McKinsey, a global management consulting firm.
Through working as an international management consultant, I have accumulated a lot of experience in how to manage a business.
After working for three years, he obeyed his father's wishes to take over Dior,
Responsible for core product development and promotion,
Before that, he also worked as a perfume salesman in a Dior store.
In fact, I can see Arnault's trust in the eldest daughter,
After all, Dior was his stepping stone into the luxury industry.
Delphine, who is steady and fierce, also lives up to expectations,
After taking office, he quickly injected fresh blood into Dior,
Boldly hire new young designers.
In 2001, we successfully developed and promoted the new varieties of Dior series perfumes.
Company executives also looked at the eldest princess with the label of dad on her head.
Later, he took over LV as vice president,
Designer competitions have been held many times for the whole world,
Also invited a good friend Lafayette to sit in line,
Absorb more young and innovative fashion concepts.
The same is true when he manages Lowe,
With a unique vision of fashion and a good use of young people,
The brands she took over were all well done by her.
The old man is also alone,
In 2004, the eldest daughter was placed on the BOARD of LVMH.
Delphine, 29, became the only female member of the board.
She has the style of an heir,
Her employees described her this way:
"Like her dad, competent and shrewd."
Dad is also very optimistic about the eldest daughter,
Publicly praising her profession has fueled the growth of the Group.
In fact, in addition to their own enterprises,
Delphine is also the co-head of an asset management firm.
Last year he became a board member of the Twentieth Century Fox and Havas news agencies.
Is a strong woman who can stand up to a piece of the sky without the family aura career,
Therefore, it was once considered a strong successor by the outside world.
But the other sons are not to be underestimated.
The eldest son, 44-year-old Antoine.
Also graduated from the Business School,
Spend two years after graduation learning about network investment,
Created a business in the field of the Internet,
I also worked as a sales assistant in LV's store for three months.
These are just social trials before entering the family business.
In 2002, he was called back by his father to take charge of LV's marketing department.
Joined the BOARD of LVMH in 2006.
In 2007, he became LV's Communications Director in charge of advertising and publicity.
In 2012, he participated in the planning of several LV advertisements to win praise from the outside world.
The same familiar steps as the eldest sister,
The people of the group also have a new understanding of this prince,
(In his early years, he was addicted to rock and roll and was commented by the media as a fun-loving)
In 2018, he was directly promoted to Head of Communications and Image at LVMH Group.
Besides
French luxury menswear brand Berluti also handed over to the eldest son.
Berluti, the brand itself, only makes shoes,
The first thing Antoine did after taking office was to start the menswear business.
Then dig up senior designers and set your sights on China.
After a single dull shoe brand was rescued,
The old man thinks that the eldest son is a malleable talent,
Immediately handed over to him the top Italian cashmere brand Loro Piana,
Antoine gradually wins her father's favor.
But the prince's horsepower is enough,
In terms of achievements for the group, the eldest sister is even better.
Fortunately, Antoine's other half helped him occupy the hot C position among his siblings.
(Since the divorce, the eldest sister has been relatively low-key in her emotional life)
The wife is a supermodel Natalia,
After divorcing in 2011, he and Antoine had a public relationship,
Married after nine years of long-distance love.
In fact, since falling in love,
The exposure of the prince is getting higher and higher.
Abandoned by his biological father at the age of 2,
Forced to drop out of school at the age of 11 to sell fruit with his mother,
Finally, he transformed into a supermodel by himself gorgeously,
The wife's inspirational story was reported by foreign media.
Plus Natalia has this million followers,
To a certain extent, it has brought goods to the LVMH brand.
And the prince himself is responsible for LVMH's image publicity work,
Happy marriage and inspirational supermodel wife,
It's all about adding to his career.
His own efforts coupled with his wife's help,
It is really difficult to say who the power will be handed over.
Look at your half-brothers,
Although young, Arnault also intends to focus on cultivation.
The second son, 29-year-old Alexandre.
Really domineering president,
Looks handsome▼
(1.9m tall)
Talented▼
(Had your own piano concert)
Very motivated▼
Will move all classes to Monday,
The remaining days followed my father's studies.
Passerby: Wow, I like it.
What do you think, I was publicly engaged in Instagram years ago.
(Boy: Engaged to my soul mate and best friend)
(Girl: Say YES 1 million times)
It was sweet.
Frequent sun exposure,
The caption is not "princess",
It's "My love."
The girl is a designer with her own brand.
Although it is not the so-called "marriage of the strong and the strong",
But in the fashion design concept can often give the boyfriend inspiration.
In fact, the early media reported that the inheritance rights were none of his business.
Because he didn't choose a business school or a fashion college in college,
Instead, I went to the Institute of Teletechnical Technology in Paris.
Thought he had no intention of running a family business.
After graduation, he began to rise to prominence.
Took the initiative to mention to his father the acquisition plan of the luggage brand Rimowa,
After the acquisition personally took over to the younger approach.
First I found a bunch of trend stars to bring goods,
(Domestic artists also love to use)
Then launch a joint model with the tide brand,
That's what he did
Very thoughtful!
And very carefully running Rimowa,
Every new product, every offline store opened,
will be in the sun,
Even one of the photos posted on vacation belongs to Rimowa.
The old man likes this seriousness,
I also think that the second son is a malleable talent,
He asked him to succeed him as a carrefour board member to strengthen corporate management awareness.
(Start pampering)
And after acquiring Tiffany at the beginning of the year,
Appointed him Executive Vice President of Tiffany,
He also found a person with six years of experience in LV to take him,
Responsible for products and communications.
(On the first day of employment, I also posted a badge, and the copywriting was: The first day!) Stay humble and honored to join Tiffany, I'm excited to work with the team in New York)
Tiffany is LVMH's most expensive acquisition,
Can give the executive vice president to the youngest son,
To a certain extent, other children are also motivated.
But this is the beginning,
The second son understands the aesthetics of the young generation after 90,
The old man also encouraged him to let go and do something more trendy,
Finding a new breakthrough for the LVMH Group,
If done well, then it is not a matter of minutes to enter the board of directors of the group?
The eldest sister and eldest brother are going to be nervous.
Compared with
The 26-year-old third son, Frédéric, is not yet full of wings.
The media also didn't have a lot of coverage of it.
It was exposed as the head of interconnection technology at TAG Heuer, a brand of LVMH,
Now promoted to director of strategy and digital for the company,
At present, there is no further work replacement of the old man.
But！ Father was still very fond of him,
When the third son graduated, he also went to school to take pictures of him, and the first three children did not have this treatment.
(Maybe because Frédéric is the first university graduate in The French comprehensive ranking, the old man is proud)
At present, all four children have entered the group,
Only the 23-year-old fourth son Jean has not been exposed, as if he is still in MIT? Personal ability is not bad.
But for now, the third and fourth sons have no advantage in this battle for inheritance.
Therefore, the third and fourth sons have no advantage in this battle for inheritance.
The outside world can't help but be curious,
When they grow up and are entrusted with heavy responsibilities by the old master,
How can the power of the brothers and sisters be easily shaken?
But Arnault will not let the fight for the right to inherit tear the skin appear,
You see how he consolidated his family's interests
Holding a large stake in LVMH,
Slowly replace the person in charge of its Dashi brand,
Gradually dividing real power into children,
Respect the decisions young people make when they take office,
Will not favor this or let the child's talent be fully displayed,
After the experience and achievements, we will mention the Board of Directors of the Group.
Neither will it fall into the hands of the family hereditary without considering ability,
It also ensures that the core real power of the group is held by the Arnold family.
Therefore, it is not impossible for the children to shoulder the responsibility of the group in the end and the real power to be balanced.
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Still worried about the inheritance rights of others, when will my world ranking rise?