LVMH - The Luxury Goods Conglomerate

[NYLA22]

About the succession, and the reason BA raised his age cap at 85 y.o.; he wants to wait and see if his two youngest, J or F, can compete with D - both Antoine and Alexandre are out of the equation.
And he does not want to give in to D, cause he still does not trust her husband (who he disapproved of and nicknamed "p*rno boy" for years), but he has just recently starting to warming up to him. He is still worried about the influence the son-in-law can have on his daughter, or the group.
In the meantime, he has doubled his daily meditations and yoga sessions.

All their entourage is talking way too much but only about money and politics and never about fashion...

Did Alexandre take himself out of the running based on his time at Tiffany? Personal taste aside, it seems that he really turned that brand into an LVMH -kind of enterprise (the insane NYC store redesign, the Beyonce/Jay-Z and Supreme collabs, etc).

 

[yslforever]

Did Alexandre take himself out of the running based on his time at Tiffany? Personal taste aside, it seems that he really turned that brand into an LVMH -kind of enterprise (the insane NYC store redesign, the Beyonce/Jay-Z and Supreme collabs, etc).

Yes, because of Tiffany.

 

[Lola701]

About the succession, and the reason BA raised his age cap at 85 y.o.; he wants to wait and see if his two youngest, J or F, can compete with D - both Antoine and Alexandre are out of the equation.
And he does not want to give in to D, cause he still does not trust her husband (who he disapproved of and nicknamed "p*rno boy" for years), but he has just recently starting to warming up to him. He is still worried about the influence the son-in-law can have on his daughter, or the group.
In the meantime, he has doubled his daily meditations and yoga sessions.

All their entourage is talking way too much but only about money and politics and never about fashion...

I would be scared if Xavier Niel was my son in law but at the same time, they can create some kind of « garde-fous » with her brothers no? Tbh, I kind of warmed up to Niel when he became a part owner of Le Monde with Bergé and the other one.

I love your last paragraph. As if they ever cared about it. Delphine is truly probably the only one who cares about the subject, from a creative POV.

Loving the tea on this Xavier Niel guy, I had no clue really!
Maybe they should start discussing about Givenchy being a non event for almost a decade and trying to spice the brand up...it's the brand with the greatest potential that's been underperforming for several years

As long as Givenchy is profitable, it’s not really an issue in reality.
I think most if if not all the brands at LVMH are profitable so it’s not a panic on board situation. And the ones that are underperforming are not really the ones where they are pouring money at either lol.

 

[yslforever]

I would be scared if Xavier Niel was my son in law but at the same time, they can create some kind of « garde-fous » with her brothers no? Tbh, I kind of warmed up to Niel when he became a part owner of Le Monde with Bergé and the other one.

I love your last paragraph. As if they ever cared about it. Delphine is truly probably the only one who cares about the subject, from a creative POV.

As long as Givenchy is profitable, it’s not really an issue in reality.
I think most if if not all the brands at LVMH are profitable so it’s not a panic on board situation. And the ones that are underperforming are not really the ones where they are pouring money at either lol.

Le Monde is indeed his way to gain a varnish of social respectability (and political influence).

 

[Lola701]

Le Monde is indeed his way to gain a varnish of social respectability (and political influence).

Better than « Minitel rose » à coups sur!
I wonder though, how much of his statements regarding taxes and the contribution of the ultra wealthy to the economy of the country (sometimes verging on cronyism) is received by BA.
Arnault is very much alert when it comes to not receive unfavorable criticism but he doesn’t mind being controversial whereas Niel has cultivated that sympathetic persona over the years somewhere between a « french Steve Jobs » and « Michel-Édouard Leclerc ».

 

[GRCF]

I would be scared if Xavier Niel was my son in law but at the same time, they can create some kind of « garde-fous » with her brothers no? Tbh, I kind of warmed up to Niel when he became a part owner of Le Monde with Bergé and the other one.

I think BA has created guard rails around this when he asked shareholders to vote for only allowing the selling/passing of shares by the kids onto their direct descendants. I'm sure this doesn't stop Xavier from acquiring shares in LVMH by simply purchasing shares. There were other measures, but I don't remember specifics, all with the intention to ensure only Arnaults remained majority share holders of LVMH.

Delphine's ex-husband became a shareholder after they were married, attended the shareholder meetings, etc. BA probably didn't want to make the same mistake twice, but the measures were made way after Delphine's daughter with Xavier was born. Bernard hated his guts from the beginning, so I wonder what took him so long. Some say it was brought on by Antoine's marriage to Natalia, is probably all of the above.

There was a rumor of a rift between Xavier and BA's wife reported in Challenges sometime last year. But, I doubt Delphine will take sides in any event, I'm sure she'll put the company first. Or her brothers will intervene to not hand anything over to Xavier. I'm sure they love their sister, but the family business/legacy is more important to them.

Delphine is truly probably the only one who cares about the subject, from a creative POV.

Likely only from a creative POV, tbh. As much as I stan, I think it's hard to care about politics when they will rarely affect you, unless they are being taxed. I think Niel just tries to appeal to the working/middle class. I'm more cynical about, I think he is trying to seek some kind of political office in the future. Which is odd considering how private Delphine is, but I don't doubt it. He has a brilliant PR machine, plus he owns multiple media outlets and so do his in-laws. I still can't stand him, there is something about him I don't trust. Not that he's a billionaire, because BA is, but BA does not hide his terrible personality and arrogance.

Niel has cultivated that sympathetic persona over the years somewhere between a « french Steve Jobs » and « Michel-Édouard Leclerc ».

I'm sorry but he needs to stop being compared to Steve Jobs. Not even close. He might be France's make-a-wish Steve Jobs at best. And I'm not a Steve Jobs, fan girly, they are just not on the same level. But he has used his PR to cultivate his down-to-earth, "I'm poor and a stupid loser like you", persona. Which might be why I dislike him, with BA you know what you are getting, he's not likeable and he knows it. When people try jump through hoops to be likeable, that's when I side-eye them.

 

[yslforever]

I think BA has created guard rails around this when he asked shareholders to vote for only allowing the selling/passing of shares by the kids onto their direct descendants. I'm sure this doesn't stop Xavier from acquiring shares in LVMH by simply purchasing shares. There were other measures, but I don't remember specifics, all with the intention to ensure only Arnaults remained majority share holders of LVMH.

Delphine's ex-husband became a shareholder after they were married, attended the shareholder meetings, etc. BA probably didn't want to make the same mistake twice, but the measures were made way after Delphine's daughter with Xavier was born. Bernard hated his guts from the beginning, so I wonder what took him so long. Some say it was brought on by Antoine's marriage to Natalia, is probably all of the above.

There was a rumor of a rift between Xavier and BA's wife reported in Challenges sometime last year. But, I doubt Delphine will take sides in any event, I'm sure she'll put the company first. Or her brothers will intervene to not hand anything over to Xavier. I'm sure they love their sister, but the family business/legacy is more important to them.

Likely only from a creative POV, tbh. As much as I stan, I think it's hard to care about politics when they will rarely affect you, unless they are being taxed. I think Niel just tries to appeal to the working/middle class. I'm more cynical about, I think he is trying to seek some kind of political office in the future. Which is odd considering how private Delphine is, but I don't doubt it. He has a brilliant PR machine, plus he owns multiple media outlets and so do his in-laws. I still can't stand him, there is something about him I don't trust. Not that he's a billionaire, because BA is, but BA does not hide his terrible personality and arrogance.

I'm sorry but he needs to stop being compared to Steve Jobs. Not even close. He might be France's make-a-wish Steve Jobs at best. And I'm not a Steve Jobs, fan girly, they are just not on the same level. But he has used his PR to cultivate his down-to-earth, "I'm poor and a stupid loser like you", persona. Which might be why I dislike him, with BA you know what you are getting, he's not likeable and he knows it. When people try jump through hoops to be likeable, that's when I side-eye them.

He is still giving sleazy vibes... (hence the SF Armory purchase).

 

[yslforever]

hum, there is gone Loro Piana's (and the "Made in Italy"'s ) credibility.

https://www.reuters.com/business/retail-consumer/lvmhs-loro-piana-put-under-court-administration-italy-over-labour-exploitation-2025-07-14/

If they are doing it with LP, which is supposed to be the epitome of craftmanship and heritage on their brands portfolio, I dread what their other lesser brands are actually doing.

 

[GRCF]

hum, there is gone Loro Piana's (and the "Made in Italy"'s ) credibility.

https://www.reuters.com/business/retail-consumer/lvmhs-loro-piana-put-under-court-administration-italy-over-labour-exploitation-2025-07-14/

If they are doing it with LP, which is supposed to be the epitome of craftmanship and heritage on their brands portfolio, I dread what their other lesser brands are actually doing.

Part of me is like "wow LVMH keeps getting called to task in Italy" and then I remember the whole case against Dior for same or similar allegations went away with a €2M check. This will too.

I wonder if Bernard will now move Frederic again to another spot considering he hates for his boys to be in the hot seat, though this was happening under Damien as CEO and Antoine as Chairman.

Serious question: When things like this happens in fashion houses like Dior and LP, are CEOs often insulated from that decision and we can say they did not know? I would like to lean towards giving decision-makers the benefit of the doubt, but I'm also currently reading Careless People. Though I think tech workers (not leadership) might be more idealistic, therefore slightly more inclined to "speak up", than people in fashion are.

 

[Yasouss]

really sort of taints the image of the brand given how they harp on and on about heritage and craftsmanship. They have been expanding for some time now and opening many stores, I wonder if this is a cause of that. Cucinelli would be happy about this news.

 

[PDFSD]

are we forgetting the farmers in 2024 Peru x Loro piana living in poverty for 8k vicuna wool.

Bloomberg

Indigenous Farmers Work Free of Charge for the World’s Richest Person​

March 14, 2024

Andrea Barrientos, a 75-year-old subsistence farmer, spends most of her days tending to a flock of sheep. Once a year she herds vicuñas as a service to her community.Photographer: Angela Ponce for Bloomberg Businessweek

Read the story​

Loro Piana sells a vicuña sweater for about $9,000. The fashion house — a unit of LVMH Moët Hennessy Louis Vuitton SE, the luxury conglomerate controlled by billionaire Bernard Arnault — has been sourcing wool for the garments from the Peruvian Andes for decades. But the Indigenous villagers who help herd and shear the golden-brown, big-eyed animals have almost nothing to show for it.

Watch the documentary​

As the top global buyer of vicuña fiber, Loro Piana’s secretive supply chain highlights the use of cheap labor to make some of the most expensive clothing in the world.

Watch Inside Peru’s Secret Luxury Supply Chain.

Listen to the podcast​

In this episode, Marcelo Rochabrun unspools what harvesting wool for a touchstone brand in the so-called quiet luxury trend means for historically impoverished communities in Peru.

 

[HigthaVandah]

are CEOs often insulated from that decision and we can say they did not know? I would like to lean towards giving decision-makers the benefit of the doubt

Constructive knowledge

 

[PDFSD]

Ceo´s know when they are cutting corner for cost it's often open secret, thats why the subcontractors game is in place for plausible deniability.

Plausible deniability refers to the ability of someone, often in a position of power, to deny knowledge or responsibility for an action, even if they were involved, by maintaining a lack of concrete evidence linking them to it. It's essentially a way to avoid blame by creating a situation where a denial of involvement seems believable, even if it's not necessarily tru