A Quote by Bernard Arnault
In the luxury business, you have to build on heritage.
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It is solely bigness in business which makes it possible to supply the masses with all those products the present-day American common man does not want to do without. Luxury goods for the few can be produced in small shops. Luxury goods for the many require big business.
Coming from where I come from, I didn't have the luxury of having a trust fund. Or money from generations. Or the luxury of hoppin' into the family business, you know?
The biggest potential of Facebook is that people can build networks. For business persons, it means that they can build their list of leads, which they can look upon as prospects for furthering their business.
We're different men [with Donald Trump], different life experiences. But I've always been struck by our common heritage. His grandfather immigrated to this country just like my grandfather. His dad was a self-made businessman, who built up a business with his two hands. And my dad followed his dreams to Columbus, Indiana, helped build a small business in that town.
No logo, and you don't advertise for anyone. I don't believe in imposed luxury. I believe in built luxury. Something you refine with your own taste. Mass luxury is not my luxury.
There's nothing wrong with a business that supports you and perhaps an extended family. But if you want to build a scalable startup, you need to be asking how you can you get enough customers/users/payers to build a business that can grow revenues past several $100M/year.
The digital business is a fantastic business to be in. The only thing you have to do is build a cost structure for a declining business, which is different from the structure for a growing business.
I think that is what all ethnic actors aspire to - to just play a woman who falls in love, or works as a clerk, or whatever - and then, if you want to, to have that luxury to bring in the cultural heritage.
The Dior heritage is so broad. It has a strong presence in the work. So, when people have to define it quickly, it's, like, the Bar jacket and the movement and the luxury and the Belle Époque and so much more.
In the desktop world, you could build a successful business where a consumer only came back to you once or maybe twice a year. I don't think you can build that kind of business on mobile. You need higher frequency, or otherwise you fall off the home screen and the user never comes back.
The art business is a rarified business and appeals to an audience capable of spending money on a luxury. Too often the atmosphere in a gallery borders on snobbishness.
Growth does not always lead a business to build on success. All too often it converts a highly successful business into a mediocre large business.
Most brands that are called luxury brands today are not true luxury brands. The globalization of fashion and luxury means you now find the same luxury brands in every city. The stores look the same, the products are the same. It is still a very good quality product but it is now readily available to everyone. It's a kind of mass luxury.
Luxury is obviously the direction that interests me the most, but there is a lot of confusion between luxury and exhibitionism. For me, the concept of luxury is more traditional, more exclusive, more sophisticated than luxury for the masses.
I'm not in the luxury-goods business. I sell unique objects. I wish I was in luxury goods because then I could just call the factory and say, 'I need 10,000 more of whatever.' But I can't - because then it's not art, it's something else.
I think it takes 30 years to build a luxury brand.
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