Just diving into this now and really enjoying it
Just diving into this now and really enjoying it
what a great chess move by Bernard Arnault.Great podcast! Mostly focusing on tech and big commerce. The Acquired guys also did an episode on LV which gives some context into their Hermès episode.
Arnault tried it but the Dumas/Puech/Guerrand branches of the family weren’t having it 😂. It surprised me that they were able to stand together and hold their shares when any one of them could have easily sold out to LVMH at the time. It made me respect the brand even more.what a great chess move by Bernard Arnault.
The genius part was even though Arnualt didnt get Hermes he still made mega bucks bc of the buy back. He still won big timeArnault tried it but the Dumas/Puech/Guerrand branches of the family weren’t having it 😂. It surprised me that they were able to stand together and hold their shares when any one of them could have easily sold out to LVMH at the time. It made me respect the brand even more.
Ah you’re right! He’s always been a better capitalist. The Hermès clans are better at design and brand image.The genius part was even though Arnualt didnt get Hermes he still made mega bucks bc of the buy back. He still won big time
It is amazing that Hermes stuck together though as a clan. That is hard to get so many people with different interests to stick together.Ah you’re right! He’s always been a better capitalist. The Hermès clans are better at design and brand image.