LVMH has a best marketing strategy, their target is not on rich people instead they focus on people who wants to showcase they are rich that's were they hit the ball out of the park!!
You got that right! That's why you would never see celebrity wearing them until brands pay them. Celebrity rather wear there own brands. Even for interviews on TV or for show, the pr for them reaches out to brands to just put those things on shelves for camera sake. And normal middle class is dying to impersonate richness while going in debt. Then crying childcare is expensive, medical is expensive. Ma'am your bag is expensive and serves no purpose.
@@sshukla7975 The richer people or multi millionaires use brands which are more expensive than LV. LV is not their game. Serving purpose is up to the individual. I like watching sports even though it doesn’t serve any real purpose in life.
@christallan8931 Both Chinese and Russians are relatively new to luxury and overcompensate by buying flashiest, loudest things. Hence - Louis Vuitton. The truly wealthy, those with multiple generations of wealth, rarely do, instead choosing for "unknown" brands to the general public, which are truly luxurious
Luxury isn’t about quality it’s about exclusivity. People are paying more so that they can have a product that less people can afford which makes them feel special
Well in contrast, niche luxury manufacturers care about using some of the highest quality materials and components while delivering their products for a reasonable price- neither underpriced nor overpriced because you aren’t paying overinflated high fashion house markups. Look no further than exceptional niche brands like Bleu de Chauffe of 🇫🇷 or Iron Heart of 🇯🇵!
@@hshwhwbwhwhw3364 It's both. But the brand is so powerful people are automatically oriented to whatever the brand puts out, in a positive way. By contrast they're suspicious of unknown or lesser known brands. This is what defines a mass mentality. It's subtle on one level and gross on the other.
It's an interesting business model. Selling things for significantly more than their actual value, just because you've managed to convince the customer that the social validation of having that logo on your product makes it worth paying that insane premium. It's the perfect business model. Convince these suckers to pay 10x more than they should and they won't even dislike you for it, they'll admire you.
*That's called "Brand" in the world of business. A brand demands a premium. A Toyota or a Honda will also take you from a point A to a point B, but people pay premium to buy a Mercedes or a BMW. Not to mention, a Toyota and a Honda will last longer as well. That's the power of brand building. It's one thing to build a product and build a company, it's a totally different thing to build a brand.*
This is what all businesses do. This applies to every single brand in the world. Look at Nike and their shoes, they make their shoes for dollars in countries that have cheap labor and sell them to people who they are buying something worth 10x their value.
That’s why it’s a “culture company” they have astutely created a culture of refined, superior taste and aesthetic. Associating with the brand is also elevating your image to the public. It’s brilliant marketing combined with sustained quality and relevance
Easy: Target middle to low income families trying to reach a level of vanity. A lot of my filipino aunties keep buying and asking for LV from their kids even tho their entire family net worth is less than 50k.
Low to middle income families associating themselves with luxury brands like LV are hoping that the luxury and wealth would somehow rub onto them and attract wealth in their lives. It's like buying a lottery ticket. You're not going to win, but rather you're paying to have a dream of winning. Similarly, you're buying these LV products so that you dream of attracting wealth, status and success into your life. This is what luxury brands are selling to you.
4:54: 💼 LVMH's success is attributed to its focus on storytelling, broad array of price points, and aggressive acquisitions. 9:25: 💰 LVMH's high-end luxury goods have remained in demand due to the wealth of its consumer base and the company's focus on maintaining its artisanal savoir faire. 13:39: 👑 LVMH's success is attributed to its ability to tap into youth culture, while maintaining its heritage and investing in experiences 17:59: 💼 LVMH's strategic priorities are expanding stores and digital presence while combating the counterfeit market. Recap by Tammy AI
I temped at LV corporate office on 5th Avenue back in 2011-12 for a few months. It was interesting in that they eat sleep breathe luxury there, everyone was fancy. Ngl I felt out of place at times but they were a nice team and it was an overall good experience.
@Ken Fern yes, you had to. I didn't own any luxury stuff so it was mostly like Banana Republic wear for me until I could save up and get something from one of the brands.
@Ken Fern you didn't have to wear one of the brands, but people often did. I got the role through a temp agency as a maternity cover, but then they extended my contract.
LVMH does such a good job of keeping its brands elevated and not discounting. It’s easy for retailers to see short-term profit in discounting while forgetting the damage to brand over the long term.
It’s crazy how people don’t get what discounting does long term for a brand and making sure it’s not seen in any kind of discount stores as well. I try to tell companies when working with them but sadly many don’t listen and then tell me later they made bad moves. Making things limited, expensive, exclusive/hard to get are the top reasons why they sell so well.
I mean it works for a business model like luxury bags, where exclusivity drives it's demand and price exponentially higher...... Not so much when ur selling boxes of cereal or shoes u know........ In fact it's ridiculous considering literally the value of those goods lmvh sells 90 percent is based literally on just its name and European connotations and association alone..... I could literally present u an identical item of similar aesthetics and craftsmanship and told u one was from Paris the other from Indonesia,in fact the latter could be superior in everyway and still command a far far lower price or bigger discount.....
@@jont2576 the value is not just name and manufacturing origin, the materials used as well put together by hand and old style equipment has big part. If a big brand like LV used too cheap of materials most can tell even one not looking and or knowledgeable. If some has a chance pick up side by side Nike Air Force ones and the LV Nike collaboration edition, any one can tell the LV version was made better and fyi LV made them by hand vs Nike doing less by hand. From my perspective will say some the items LV makes have dropped in quality but not everything. Given some have gone up. Hard to pin point why. As for the product type this has all ways been this way just depends on what’s shifted how people perceive things. All comes down to perception and how psychology of marketing works at the time point.
@@GoFastJames even if u use the most expensive of materials,the cost of material of any of those crap is only a tiny percentage of it's retail or market price......including labour cost.....also not to mention alot of the labour and craftsman these luxury houses hire are artisans from other countries and continents like Asia,and alot of their material is sourced from Asia...
@@jont2576 material costs can be way more than most think regarding of quantities. As for materials location they buy from, example if they did buy from Asia doesn’t mean the materials cost is low. After people have been in industries like apparel or anything thing lvmh brands make will see what I’m talking about.
The rich are money-minded; that's a lesson I've grasped from the very beginning. I'll be receiving some money soon and I'm considering investing it. Should I dive directly into rental properties to grow my wealth and brands or would it be wiser to explore other investment avenues first?
I believe the safest approach is to diversify your investments. By spreading your funds across different asset classes like bonds, real estate, and international stocks than putting all your money in one. If your financial understanding is lacking, see a financial consultant.
Reason i decided to work closely with a brokerage adviser ever since the market got really tense and the pressure became too much. I should be retiring in 17 months, so I've had a brokerage adviser guide me through the chaos. It's been 9 months now, and I've made approximately 650K net from all of my holdings.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Judith Lynn Staufer” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.
Thanks for sharing. i searched her full name and found her web instantly. After reviewing her credentials and conducting due diligence, i reached out to her.
Us average people who wear H&M should just appreciate that the $20 card wallet from a brand on Amazon are manufactured well enough to last 10 years. My wallet is currently 4 years old and it's still holding up pretty well. Same for my $35 backpack that is now 5 years old. Yes they do not look as unique nor expensive like these brands that some of our friends can afford, but my cheap bag works does everything I need and is still looking pretty nice after 5 years, that's $7 per year. Comparison is the thief of joy. A part of me is sad that I can't remember the last time someone bought me a $20 dinner while my friend's doctor boyfriend just gifted him a $1800 RIMOWA shoulder bag, but I truly have everything I need in life and moreover I have my family & my health. Life is all about perspective, and for what I already do have I could not wish for more. Perhaps just getting my licenses quickly so I can work my dream job soon. Live within your means, and look up at the sky and say thank you for everything I do have and practice gratitude.
LV was classy 20 years ago and the quality of the merch was high and timeless. Nowadays its seasonal, unoriginal and the price increases are too much to bear. You’re lucky to own and enjoy an actual trunk or hardside suitcase.
the vintage one i heard are good quality , modern one is not so much. I heard the colonge are good tho but so expensive even more than some niche brand
Hey lady!! I own some authentic and I have owned some replicas. The *suluxs* that I have owned in the past I’m not gonna lie they have been spot on the real deal. Honestly to each is own do whatever makes you happy at the end of the day.
I get that they look at this from a business model, but when you absorb all of these individual brands with "heritage" it loses its authenticity. Exclusivity and quality are the true mark of luxury, when they get mainstreamed this way and appear on the corner of ever major city like a Starbucks... those with real wealth will find other brands that retain the true meaning of luxury, while the general public will spend their whole paycheck on some generic bag or sweater with a brand logo just for other people to see what they are wearing.
You are right, but LVMH is not aspiring to serve the really wealthy as they will always move away from the crowd. They aim for the class below them and the one below that one, accounting for millions of wealthy people. You don't get to be one of the largest companies in the world by serving just a few thousands, no matter how rich. The strategy is genius, but extremely difficult to execute in the long term, and they have managed to do so.
@@damncidd yeah unless people decide to change the way they consume self-perceived luxury goods. there's no way this giant could topple. social media definitely fuels their rise in popularity
finally someone talks about it. I feel like no one has noticed what a big presence LVMH has, not to mention the owner is now the richest person in the world
Hey...whatever...we all live..we all die..wealth is immaterial..cant' take it with you...life experience is more wealthy which is why i don't care about LVMH.
After them is kering, it's weird when I hear interviews with Salma Hayek and her husband never comes up except a mention that he's french and a business man. I understand that she's famous in her own right, but I have SO many questions about her husband. It would make a better story than Succession.
I'll have you know that Bernard Arnault underhandedly muscled the heirs of Louis Vuitton family members out of their share of their own company and shut them out of their business. Arnault built his empire on the bones and ashes of the Louis Vuitton family members. ABSOLUTELY RUTHLESS. This is the family business Arnault is running.
He was made wealthy by all the strong, independent women who complain about misogyny and the patriarchy right before ordering a $3,000 purse. Funny how the demand isn’t there for Kate Spade.
Remember that billionaires don’t wear this garbage. As a matter of fact, LVMH has done a phenomenal job at tricking the middle class to spend all they got on their luxury goods, or they’re a nobody in the world. I’m really impressed by their numbers.
Billionaires just don't wear LV, but they wear Loro Piana and Berluti, also owned by LVMH, and they wear haute couture made by the houses in LVMH. What's ironic is that haute couture don't make much profit, sometimes even lose money, and it is middle class who buy cosmetics and perfume who are spending to support those businesses that don't make money.
If everyone knows the name of the brand they won’t use it, when you are ultra rich 10.000€ is like 20€ to you. If the company wasn’t public he wouldn’t show his face
Our family business in Myanmar earns upwards of 18 Million USD a year, we used to wear LV, Prada, etc in the early 2000s. But not anymore, we prefer not to be showy. You're right these brands are mostly for the middle class
That final statement. 😂 No exclusivity or luxury in seeing the same brands on every street corner in every major city. True luxury is understated, unique and personal to you. Hats off to the marketing teams and those figures though!
LV has made this far thanks to the Asian community especially Chinese. However, I notice the quality is not like it used to be due to the high production rate to meet the demand. We own their products are disappointed with the quality and it’s not exclusive anymore. It’s every where as you go.
LV, the actual brand of the Vuitton family "made it" thanks to it's long heritage, quality and exclusivity way before the Chinese could even afford it and knew of fashion, it's not because of the Asian community or the Chinese. Now the LV that the Chinese buy today just for the senseless and tasteless reason of wearing a brand and showing that they got money, (no offense but that's the truth and people who know fashion are aware of it) is not the same, this greedy man has bought this brand including many others through sketchy ways and diluted it in every possible way, no quality (production in China), no artistry, no creative freedom, just greed for money, zero heritage. For the first time in history of the brand there is no actual Vuitton family member that is a part of it, it's all just empty talk and hype and y'all are just eating it up because you have no actual knowledge of real fashion and fashion legacy.
The shift in Rimowa's marketing strategy has been ridiculous though. They simply raised the prices of the products immediately by hundreds, even though there has been no value added to the products - it's the exact same product. All of a sudden, the suitcase I had purchased for 500 euros prior to the acquisition had a price tag of 800 euros, and it's likely to still increase. I would never pay an extra 300 euros when I know it doesn't give me more value for the money. I hope they won't ruin more high-quality brands the same way.
LVMH's only strategy is to increase prices and volume, this is why their acquisitions always "work". They essentially squeeze out the money these companies left on the table. The end result is that the brand no longer appeals to its original discerning customer and instead becomes another way for insecure people to show off.
I'm glad you noticed. The same can be said about EVERY label under LVMH, not just Rimowa. Constant price increases while quality decreases. It's absolute nonsense.
thats actually the key problem. they value a products popularity but not their quality. its baffling how that is not glaringly obvious to the mass market
I bought my Rimowa suitcases pre LVMH, they jacked up the prices, did some stupid co-labs and lost sight of the core values of the brand, there are so many good alternatives now, such as Away, Tumi or even other storied brands like Zero Halliburton.
A friend worked for one of the fancy fancy brands and owned a bunch of stuff. She was able to own the stuff because her employee discount was 90%. By the way, famous brands are not exempt from exploiting labor, working conditions, materials, and the environment. Italy is just another country with unethical vendors, sweatshops, and illegal immigrants but the stuff says Made in Italy.
Pro tip: All of these brands are made in China. The manufacturers assemble 99% of the merchandise and ship it to the company where they just add on the last piece. That way, legally, the companies can still put "Made in" wherever the company is from.
@J H all major brands go that route, but some products like (boots) are still manufactured in the same country as the brand. It's just business, buy low sell high🤷🏽.
As an LV client advisor - most of our product is crap now lol. They cut most of our commission by up to 40% depending on the category and expect us to care as much as we did before they cut it lololol.
Sad to see something so materalistic become so powerful and to think its only value is given by consumers! LV doesnt even have a limited supply of clothing to cut demand and increase its worth they just want to record profit increase after profit increase simply because they know everyone wants to be known for having LV!
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires..,..,,.
Omg. I thought LV, DIOR and Tiffany have different CEOs. But rather they're already a family business 😂😅 if i where to choose between lv and dior i would choose Dior, there bags still are a work of art. With all those billions of money 💰 they received, HOPEFULLY THEY ALSO INCREASE THE SALARY OF THEIR WORKERS.
They do have different CEOs. All of those brands are under LVMH, but as seperate fashion houses, they have different CEOS. Some of which are children of Arnault who hold various positions. But they aren't really a family business.
They have a history and years of consistency. You can't really beat that. Along with every rapper and music artist promoting it. Plus us TH-camrs push these products too just by wearing it and showing that we shop those brands.
@@tomdgr9767 well it's understandable. If a man is too successful he is bound to have a group of haters. There's always someone who hates the ultra rich. It's just basic human nature
@@SunKing909 *Actually, it's different in Europe. Ultra rich are even more hated in Europe than other parts of the world, such as the US, Asia, etc. Most of the European countries are Socialist countries and welfare states. Therefore, you do not see many ultra rich coming out from Europe. And when they do, they are extremely hated. Also, unlike the Americans, Europeans believe in being low-profile with their wealth. But the problem with Bernard is that he is the richest man on the planet right now, so, he is bound to be in the news.*
Investing is considered a bedrock in making generational wealth. Most people don't know when, where or what to invest in. Fortunately, great investors of the past and present can provide us with guidance and ideas. Meaningful contributions are always welcomed.
@@sydv2005 Handbag and luggage making is a very very old and mature technology. Even the cheapest bags can be made with excellent quality. This wasn't necessarily the case when these brands first started, so they are just monetizing the reputation they build 100+ years ago.
I have to say I have spent thousands of dollars in different classes and watched different videos and your video is by far the best for helping me to understand how things work. Thank you!!!
Nice puff piece. If you looked further into the freedom designers have with creative liberties creating their collections, you'd notice brands under lvmh are all very commercial and lack the uniqueness they once had. Because Arnault prioritizes profit above all else, it stifles any innovation. He actually plays a big role in directing designers each season despite what you said in the video. If he got tf out of the way there's no doubt you'd see each brand start to look fresh again.
Most pieces on CNBC seem to be puff pieces. That's how they get access to all these companies to interview the executives singing their own company's praises. It's a cheap way to make content, and the big businesses indirectly subsidise it by then buying advertising on the channel.
During a bear market, the headlines will focus on negative news, whether it's declining economic growth, geopolitical upheaval, cultural and legal turmoil, or some combination of all three. I listened to a podcast of someone that grew his reserve from $120k to almost $460k during this Red season, can you share tips on how to make such aggressive proceeds in short periods?.
Thanks for this tip. Her website popped up on the first page immediately I searched her name on google web, I read through her resume and it seems pretty tight. So, I dropped a message & hopefully she replies soon
You are such a blessing to this generation and I must confess you inspire me greatly. I kindly ask; What's your advice to us out here trying to lead Good Lives in 2023?
@Bryan Congratulations as a single mom life has never been easy. I keep struggling with my bills because what I earn working for others can't give me three square meals. Reading your message, I am so inspired and would like to try investing. I would be grateful if you could link me up with your ffinancial-adviser.
I can't believe how much your advice helped me. I followed your footsteps and got 9 out of 10, which is a huge improvement for me. I'm still practicing in demo mode, but I feel much more confident now. Thanks a million
it’s absolutely heartwarming to see how these amazing girls have rallied around him and provided unwavering support. Watching their journey since 2021 has filled my heart with so much warmth and hope. Their dedication and kindness are truly inspiring, and it's incredible how they've made such a positive impact. Their story reminds us all of the power of compassion and the strength of unity. It's moments like these that restore our faith in humanity and remind us of the goodness that exists in the world. Honestly this story has given me SO much hope and motivated me to believe in myself. I'm grateful for their inspiration and the sense of hope they've brought into my life which i needed. I wish them the best and taking your parents to umrah is the biggest blessing they’ve manage to do and inshallah i will be able to do this one day with their help!! 😩❤️
TAG destroyed the premium brand name of Heuer in 1985 after they acquired it. Heuer used to be regarded in the same circle as Omega, Rolex, and Breitling. I'm not sure who is the new president, but ever since that person took over around 2015/16/17 range, the brand is starting to get back to it's roots and even released Heuer only branded special editions with TAG not named anywhere. Also building an entire new facility to make the Heuer-02 movement was a big step in the right direction. It wasn't one of the children, I don't think they understand watches and the heritage that makes certain pieces special.
It’s Bernard Arnaults son Frederic who took over as TAG CEO in 2020. He took over when he was about 25/26 😅 and worked hard to make their connected watches a thing and grow that side of it. You are so right! Heuer used to have the same brand power and respect as some of the other big, mid tier luxury watch brands. But it’s just gone right down the toilet! :( I think the brand has so much opportunity for redemption! But … yeah… it won’t happen if they keep making Mario kart smart wayches! 😅
Ngl I love my canvas bags bc I can throw them around and they’re waterproof. But after age 26-27 I haven’t really purchased as much bc I just don’t value luxury goods anymore.
The super rich never runs out of cash...they splash even during chaotic times like during the pandemic. Targeting the rich would always make sense come rains or shine
Clearly this happened by a good plan NOT overnight. Personally, I think this is because of two factors: 1. The creator of LV was dedicated to create a long lasting brands which was seen in his story of creating it. 2. Bernard Arnold who is a cleaver businessman has taken LVMH to the Top brands in 2023!
Don't forget their poorly paid overseas slaves, they have contributed a lot to their success, they are even the majority of the workforce. Some do not even have the right to go to the toilet, they are forced to urinate near their work machine, some are not even paid. Also, don't forget the 100 million animals slaughtered each year for their clothing and raised in battery farms. There's also the fact that they pay almost no taxes and there is tax evasion and optimization.
Sense of accomplishment depends on personality and personal values. Not every person would feel self actualised just because they own something expensive and exclusive..
S500 Prometheus Thats true but you are simply stating the obvious. People who buy LVMH products know it and still thay continue to purchase luxury goods
That is where LVMH has been very smart and diversified their product offering. Originally, only the bags and luggage were only accessible to genuinely affluent people. Now they have all these trinkets and belts and keychains that the aspirational spenders flock to. I’m sure that stuff is pure profit because it’s most likely just left over leather from the handbags.
@@andypicken7848 Trust me, there are so many rich people who do not care about these stuff. Not every rich person is obessed with purchasing luxury stuff. How you spend your money is based on your personality and as well as personal values. Some filthy rich persons even hide the fact that they are rich by not showing off at all
@@andypicken7848 That category of people are the type that cannot thrive or feel good about themselves without expressing their status and there are many of them in the society,,,,they do so because they value external validation and recognition...That is also their main drive to amassing wealth in the first place
LVMH (as well as Kering) used to have a focus on true quality, luxury items. Now most items are full of tacky logos, poorly made, and severely over priced. Many people go into debt just to wear the flashy overpriced logos. Some higher end brands that are less ostentatious (but still expensive) include Brunello Cucinelli, Hermes, Eileen Fisher, etc. True luxury does not scream, it whispers.
You don’t know China then. They like their luxury to scream, no matter how ugly it screams. Bigger the logo, the better. Not that I agree, but that’s how it is.
The richest people I know ranging from $10 million to $350 million net worth and liquid don't own fancy stuff and don't look rich or live as rich as they are. They have nice stuff but nothing fancy.
And then you have their children. That and the later generations are the ones spending I bet. They don’t know how hard it was to build that fortune. Easy to spend money you didn’t earn.
Luxury brands thrive on limbic capitalism.They understand the psychology of the consumer very well.They do not believe in competition;they believe in exclusivity.Thats what makes them successful.
@Daniël how is Apple “worthless?” They make great products that many people use to enhance their daily lives? The use value of their products far outweigh a purse or perfume.
Europeans have perfected the art of preying on peoples insecurities and inferiority complexes to sell over-priced junk. From cars to watches to handbags.
As you grow older and wiser, you should realize that every person has a different pov and lens they see thru in life. While they're dislikable to you, you're probably dislikable to them. They're not the "bad guys"
The excessive money that was printed out all over the world during the pandemic, which supposed to be subsidising general people, however the majority of it ended up in rich people's pocket and eventually ended up in Bernard Arnault's pocket
@@jibantasapkota6335 They'll get hit, but perhaps not that much. You should only be buying this s**t if you have F U money and don't need to worry about recessions.
I prefer timeless or small business that’s passionate in quality with a fair price that’s still expensive but still fair and cost less than LV and it’s related competition. I rather pay $600 for vegetable full grain leather for a briefcase that comes with a strap and Japanese YKK zippers and lifetime warranty. Lifetime warranty means they expect their products to last a really long time. Companies with a 30 day warranty is not even a warranty it’s just a safe shipping warranty and 8 year warranty on a car means they believe their cars will start having more costly repairs in that timeframe
With changes in the economy leading to instability in the stock market, some individuals may face a decrease in their investments in an effort to benefit from the current market conditions, I am considering liquidating my $725k portfolio consisting of bonds and stocks. Someone else in the same situation? Please tell me in the comments!..
@Joseph GreenI have been exploring the possibility of utilizing advisors to help navigate the stock market during these uncertain times. However, I am still evaluating their potential effectiveness in providing the support I need.
I was considering changing my investment strategy and planning to sell certain positions. As my retirement is coming soon,I became increasingly stressed. After thoroughly researching Christy Vallen D'souza on internet, I concluded that I had made an informed decision. Thank you for this Pointer. She seems very proficient and flexible. I booked a call session with her too. @Joseph Green
Wow, what you haven't given us is what we are not looking for... all the knowledge is contained in all your videos and this is just a part of the training videos you always give us. Thank you again, sir, for the generous support we provide. newbies. Under your leadership, we are ready for the stars.🎀
I would think of LV as is the championship winning level fashion brand of the world. They are top of the class in terms of high end fashion and luxury. You better have tons of money in order to buy anything from LV. Everything LVMH is high class and super expensive!
I'll still shop at TJ maxx and Ross I stay within my budget. Never had a desire to own a thousand dollar wallet or a 100000 watch. Not knocking anyone that does.
David, when I tell you my $15 bag from Ross held up longer than my $1200 bag from LV, I'm not joking. People are fools for purchasing "luxury" bags. If they want a real piece of luxury, they need to stick to the secondhand market because those bags were actually made with quality in mind.
This video made my blood pressure shoot right up CNBC should put a health disclaimer at the beginning to warn non-millionaires to watch at their own risk
you'll never be rich if the idea of someone being rich raises your blood pressure with rage. instead you should celebrate the success with them and you will join them soon
@@AlexPerazaTV My bad, I guess all the French people protesting in the streets were actually out there showing their support for the upper class' success
@@IM2357 they are protesting for government checks. bernard arnault didn't steal anything, he was given his wealth voluntarily by millions of french and international buyers.
I think the reason for LVMH/LV success is due in part to the riding living standards in China, India and other such countries. These newcomers to 'luxury' want a slice of the 'good life' and they are so misinformed and uneducatd that they think buying a 'luxury' brand will elevat them to the gods they worship!
Not just about newcomers. Many people from the west are still into that luxury lifestyle for photos makes them feel they’re better than other people concept especially for new moneys. You can easily gain lots of followers simply by showing bags, jewellery etc.
There's reasons for that. These countries had and still are trying to move away from making money by exporting to the US and need to create more consumption in their own country. So the shop-till-you-drop culture is enforced by a state promoted narrative.
@@vanodyssey1659 it does. They cut salaries in 16 then add back a bi-annual bonus which is then spent on such goods. These goods have a luxury tax and because wages are lower companies can make the same profit for less exports.
Don't know enough about India, but things are changing in China (and rather quickly). People understand they are ripped off buying a luxury "brand" paying 10x more than is necessary for the same product of the same quality made by a local brand. It was a passing phase of the nouveau riche that has worn off. Also thanks to the US economic war, much of China has gone nationalist. Buying "brands" made by certain hostile countries (and paying premium for it) is now frowned upon. People increasingly want to buy good quality LOCAL products and support the local economy instead. Why buy from hostile countries when China can just make its own.
"Luxury" = meaning paying 100 times as much for the same sweatshop BS. People literally throw away their money on the order of 100x magnitude just to keep up with the Joneses. Sure some can afford it, but many do it just to flex and ALL are throwing money away for what in most cases isn't any better craftsmanship.
If you can find the same design and innovation for cheap prices, lemme know. You’re paying for the design itself, not just the production. But people who don’t care about fashion don’t understand that
LVMH has a best marketing strategy, their target is not on rich people instead they focus on people who wants to showcase they are rich that's were they hit the ball out of the park!!
You got that right! That's why you would never see celebrity wearing them until brands pay them. Celebrity rather wear there own brands.
Even for interviews on TV or for show, the pr for them reaches out to brands to just put those things on shelves for camera sake.
And normal middle class is dying to impersonate richness while going in debt.
Then crying childcare is expensive, medical is expensive.
Ma'am your bag is expensive and serves no purpose.
@@sshukla7975 The richer people or multi millionaires use brands which are more expensive than LV. LV is not their game.
Serving purpose is up to the individual. I like watching sports even though it doesn’t serve any real purpose in life.
Always poor people leaving these comments thinking they know to feel better about themselves
@@mahir8126and some of those brands are also owned by LVMH
@christallan8931 Both Chinese and Russians are relatively new to luxury and overcompensate by buying flashiest, loudest things. Hence - Louis Vuitton. The truly wealthy, those with multiple generations of wealth, rarely do, instead choosing for "unknown" brands to the general public, which are truly luxurious
Luxury isn’t about quality it’s about exclusivity. People are paying more so that they can have a product that less people can afford which makes them feel special
True. Yu are paying for the brand not the product
Well in contrast, niche luxury manufacturers care about using some of the highest quality materials and components while delivering their products for a reasonable price- neither underpriced nor overpriced because you aren’t paying overinflated high fashion house markups.
Look no further than exceptional niche brands like Bleu de Chauffe of 🇫🇷 or Iron Heart of 🇯🇵!
Correct. “Maslows Hierarchy of Needs”.
Wrong. It's both exclusivity AND quality.
@@hshwhwbwhwhw3364 It's both. But the brand is so powerful people are automatically oriented to whatever the brand puts out, in a positive way. By contrast they're suspicious of unknown or lesser known brands. This is what defines a mass mentality. It's subtle on one level and gross on the other.
It's an interesting business model. Selling things for significantly more than their actual value, just because you've managed to convince the customer that the social validation of having that logo on your product makes it worth paying that insane premium. It's the perfect business model. Convince these suckers to pay 10x more than they should and they won't even dislike you for it, they'll admire you.
*That's called "Brand" in the world of business. A brand demands a premium. A Toyota or a Honda will also take you from a point A to a point B, but people pay premium to buy a Mercedes or a BMW. Not to mention, a Toyota and a Honda will last longer as well. That's the power of brand building. It's one thing to build a product and build a company, it's a totally different thing to build a brand.*
This is what all businesses do. This applies to every single brand in the world. Look at Nike and their shoes, they make their shoes for dollars in countries that have cheap labor and sell them to people who they are buying something worth 10x their value.
power of brand...
Then you have Tesla , it sells only a few cars but the company value is billions 😂
That’s why it’s a “culture company” they have astutely created a culture of refined, superior taste and aesthetic. Associating with the brand is also elevating your image to the public. It’s brilliant marketing combined with sustained quality and relevance
Easy: Target middle to low income families trying to reach a level of vanity. A lot of my filipino aunties keep buying and asking for LV from their kids even tho their entire family net worth is less than 50k.
Those who have no wealth love the symbols of wealth.
As most of the consumers in the world 🌎 relative to the power of their currencies
Typical third-world asians.
Exactly, rich people don't need to flaunt their wealth because they actually are rich
Low to middle income families associating themselves with luxury brands like LV are hoping that the luxury and wealth would somehow rub onto them and attract wealth in their lives. It's like buying a lottery ticket. You're not going to win, but rather you're paying to have a dream of winning. Similarly, you're buying these LV products so that you dream of attracting wealth, status and success into your life. This is what luxury brands are selling to you.
4:54: 💼 LVMH's success is attributed to its focus on storytelling, broad array of price points, and aggressive acquisitions.
9:25: 💰 LVMH's high-end luxury goods have remained in demand due to the wealth of its consumer base and the company's focus on maintaining its artisanal savoir faire.
13:39: 👑 LVMH's success is attributed to its ability to tap into youth culture, while maintaining its heritage and investing in experiences
17:59: 💼 LVMH's strategic priorities are expanding stores and digital presence while combating the counterfeit market.
Recap by Tammy AI
By youth culture you mean where 90% of the youth truly can't afford their products without being broke?
I temped at LV corporate office on 5th Avenue back in 2011-12 for a few months. It was interesting in that they eat sleep breathe luxury there, everyone was fancy. Ngl I felt out of place at times but they were a nice team and it was an overall good experience.
working there, u must dress up?
@Ken Fern yes, you had to. I didn't own any luxury stuff so it was mostly like Banana Republic wear for me until I could save up and get something from one of the brands.
@@lichi1244eva u had to wear one of them brand as a dress code ? Or no. How did u get a job there anyway
@Ken Fern you didn't have to wear one of the brands, but people often did. I got the role through a temp agency as a maternity cover, but then they extended my contract.
@@lichi1244eva any benefits ,like discount for all the store or no?
LVMH does such a good job of keeping its brands elevated and not discounting. It’s easy for retailers to see short-term profit in discounting while forgetting the damage to brand over the long term.
It’s crazy how people don’t get what discounting does long term for a brand and making sure it’s not seen in any kind of discount stores as well. I try to tell companies when working with them but sadly many don’t listen and then tell me later they made bad moves.
Making things limited, expensive, exclusive/hard to get are the top reasons why they sell so well.
I mean it works for a business model like luxury bags, where exclusivity drives it's demand and price exponentially higher......
Not so much when ur selling boxes of cereal or shoes u know........
In fact it's ridiculous considering literally the value of those goods lmvh sells 90 percent is based literally on just its name and European connotations and association alone.....
I could literally present u an identical item of similar aesthetics and craftsmanship and told u one was from Paris the other from Indonesia,in fact the latter could be superior in everyway and still command a far far lower price or bigger discount.....
@@jont2576 the value is not just name and manufacturing origin, the materials used as well put together by hand and old style equipment has big part.
If a big brand like LV used too cheap of materials most can tell even one not looking and or knowledgeable.
If some has a chance pick up side by side Nike Air Force ones and the LV Nike collaboration edition, any one can tell the LV version was made better and fyi LV made them by hand vs Nike doing less by hand.
From my perspective will say some the items LV makes have dropped in quality but not everything. Given some have gone up. Hard to pin point why.
As for the product type this has all ways been this way just depends on what’s shifted how people perceive things.
All comes down to perception and how psychology of marketing works at the time point.
@@GoFastJames even if u use the most expensive of materials,the cost of material of any of those crap is only a tiny percentage of it's retail or market price......including labour cost.....also not to mention alot of the labour and craftsman these luxury houses hire are artisans from other countries and continents like Asia,and alot of their material is sourced from Asia...
@@jont2576 material costs can be way more than most think regarding of quantities. As for materials location they buy from, example if they did buy from Asia doesn’t mean the materials cost is low. After people have been in industries like apparel or anything thing lvmh brands make will see what I’m talking about.
The rich are money-minded; that's a lesson I've grasped from the very beginning. I'll be receiving some money soon and I'm considering investing it. Should I dive directly into rental properties to grow my wealth and brands or would it be wiser to explore other investment avenues first?
I believe the safest approach is to diversify your investments. By spreading your funds across different asset classes like bonds, real estate, and international stocks than putting all your money in one. If your financial understanding is lacking, see a financial consultant.
Reason i decided to work closely with a brokerage adviser ever since the market got really tense and the pressure became too much. I should be retiring in 17 months, so I've had a brokerage adviser guide me through the chaos. It's been 9 months now, and I've made approximately 650K net from all of my holdings.
Could you let me know how I can get assistance from your advisor? I need help with allocating my portfolio right now.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Judith Lynn Staufer” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.
Thanks for sharing. i searched her full name and found her web instantly. After reviewing her credentials and conducting due diligence, i reached out to her.
Us average people who wear H&M should just appreciate that the $20 card wallet from a brand on Amazon are manufactured well enough to last 10 years. My wallet is currently 4 years old and it's still holding up pretty well. Same for my $35 backpack that is now 5 years old. Yes they do not look as unique nor expensive like these brands that some of our friends can afford, but my cheap bag works does everything I need and is still looking pretty nice after 5 years, that's $7 per year.
Comparison is the thief of joy. A part of me is sad that I can't remember the last time someone bought me a $20 dinner while my friend's doctor boyfriend just gifted him a $1800 RIMOWA shoulder bag, but I truly have everything I need in life and moreover I have my family & my health. Life is all about perspective, and for what I already do have I could not wish for more. Perhaps just getting my licenses quickly so I can work my dream job soon. Live within your means, and look up at the sky and say thank you for everything I do have and practice gratitude.
Smart individual. No one really cares about how much you paid for an item.
This style of life names Lagom
LV was classy 20 years ago and the quality of the merch was high and timeless. Nowadays its seasonal, unoriginal and the price increases are too much to bear.
You’re lucky to own and enjoy an actual trunk or hardside suitcase.
the vintage one i heard are good quality , modern one is not so much. I heard the colonge are good tho but so expensive even more than some niche brand
@Dr. Pennybags hate to break it to you… there is no God… ffs wake up and learn science
I am perfectly happy with my $20 wallet which I have had for over 10 years. You keep you LV and I keep my money.
Story cool bro
exactly. such a waste of money for these things.
I bought my wallet for $3...
@@plung3r Mine was a gift I win...
Ok............
The story of how Arnault pushed out Louis Vuitton's previous CEO is not a pretty one nor are his underhanded shenanigans in trying to acquire Hermès.
Hey lady!! I own some authentic and I have owned some replicas. The *suluxs* that I have owned in the past I’m not gonna lie they have been spot on the real deal. Honestly to each is own do whatever makes you happy at the end of the day.
The story?..., where?
or Celine!
@@junyuyang5973 They have Celine now
I get that they look at this from a business model, but when you absorb all of these individual brands with "heritage" it loses its authenticity. Exclusivity and quality are the true mark of luxury, when they get mainstreamed this way and appear on the corner of ever major city like a Starbucks... those with real wealth will find other brands that retain the true meaning of luxury, while the general public will spend their whole paycheck on some generic bag or sweater with a brand logo just for other people to see what they are wearing.
You are right, but LVMH is not aspiring to serve the really wealthy as they will always move away from the crowd. They aim for the class below them and the one below that one, accounting for millions of wealthy people. You don't get to be one of the largest companies in the world by serving just a few thousands, no matter how rich. The strategy is genius, but extremely difficult to execute in the long term, and they have managed to do so.
@@hahinrichsen so we’ll said. It’s a genius business model.
@@damncidd yeah unless people decide to change the way they consume self-perceived luxury goods. there's no way this giant could topple. social media definitely fuels their rise in popularity
finally someone talks about it. I feel like no one has noticed what a big presence LVMH has, not to mention the owner is now the richest person in the world
Hey...whatever...we all live..we all die..wealth is immaterial..cant' take it with you...life experience is more wealthy which is why i don't care about LVMH.
It’s stock has nearly doubled in a year, it’s a solid company. Wish I had the money to afford it’s stock
After them is kering, it's weird when I hear interviews with Salma Hayek and her husband never comes up except a mention that he's french and a business man. I understand that she's famous in her own right, but I have SO many questions about her husband. It would make a better story than Succession.
LVMH is a conglomerate,people only notice the individual brands within.
@@Sea_ss Get fractional shares bro, or an ETF that has LVMH.
This is what you call a FAMILY BUSINESS 💪🏾💪🏾💪🏾💪🏾💪🏾💪🏾💰
I'll have you know that Bernard Arnault underhandedly muscled the heirs of Louis Vuitton family members out of their share of their own company and shut them out of their business. Arnault built his empire on the bones and ashes of the Louis Vuitton family members. ABSOLUTELY RUTHLESS. This is the family business Arnault is running.
@@blakdragn say word
@@blakdragn Thank you for this information. I respect him even more now.
@@Manofhonor007 word
@@blakdragn Everyone is praising him when he's actually a snake.
Capitalizing on the new wave of trying to look “aesthetic” “old money” Great success👍
Old bourgeoisie wanted to have all the political power and prestige as old nobility. Now new bourgeoisie want to look like old bourgeoisie.
Europeans have perfected the art of preying on people's inferiority complexes.
As long as clothing remains a status symbol as it has for thousands of years now, this fashion house juggernaut isn’t going anywhere.
💯💯💯💯💯💯💯💯💯
Owner of a luxury brand is the richest man in the world. A little hint as to where we are in the economic cycle…
He was made wealthy by all the strong, independent women who complain about misogyny and the patriarchy right before ordering a $3,000 purse. Funny how the demand isn’t there for Kate Spade.
@@EnyoStudio Capitalism
@@EnyoStudio bless your 💜
Remember that billionaires don’t wear this garbage. As a matter of fact, LVMH has done a phenomenal job at tricking the middle class to spend all they got on their luxury goods, or they’re a nobody in the world. I’m really impressed by their numbers.
Billionaires just don't wear LV, but they wear Loro Piana and Berluti, also owned by LVMH, and they wear haute couture made by the houses in LVMH. What's ironic is that haute couture don't make much profit, sometimes even lose money, and it is middle class who buy cosmetics and perfume who are spending to support those businesses that don't make money.
Stfu with that cringe stuff
If everyone knows the name of the brand they won’t use it, when you are ultra rich 10.000€ is like 20€ to you.
If the company wasn’t public he wouldn’t show his face
rich people (millionaires) do buy LVMH and buy a lot.
Our family business in Myanmar earns upwards of 18 Million USD a year, we used to wear LV, Prada, etc in the early 2000s. But not anymore, we prefer not to be showy. You're right these brands are mostly for the middle class
That final statement. 😂
No exclusivity or luxury in seeing the same brands on every street corner in every major city. True luxury is understated, unique and personal to you. Hats off to the marketing teams and those figures though!
Their target audience is people dying for validation, they can't fail
🎯
LV has made this far thanks to the Asian community especially Chinese. However, I notice the quality is not like it used to be due to the high production rate to meet the demand. We own their products are disappointed with the quality and it’s not exclusive anymore. It’s every where as you go.
LV, the actual brand of the Vuitton family "made it" thanks to it's long heritage, quality and exclusivity way before the Chinese could even afford it and knew of fashion, it's not because of the Asian community or the Chinese. Now the LV that the Chinese buy today just for the senseless and tasteless reason of wearing a brand and showing that they got money, (no offense but that's the truth and people who know fashion are aware of it) is not the same, this greedy man has bought this brand including many others through sketchy ways and diluted it in every possible way, no quality (production in China), no artistry, no creative freedom, just greed for money, zero heritage. For the first time in history of the brand there is no actual Vuitton family member that is a part of it, it's all just empty talk and hype and y'all are just eating it up because you have no actual knowledge of real fashion and fashion legacy.
A luxury brand going out to buy one of the greatest Champagnes of the world was such a genius move
They have to keep the goods in the same pool
The shift in Rimowa's marketing strategy has been ridiculous though. They simply raised the prices of the products immediately by hundreds, even though there has been no value added to the products - it's the exact same product. All of a sudden, the suitcase I had purchased for 500 euros prior to the acquisition had a price tag of 800 euros, and it's likely to still increase. I would never pay an extra 300 euros when I know it doesn't give me more value for the money. I hope they won't ruin more high-quality brands the same way.
LVMH's only strategy is to increase prices and volume, this is why their acquisitions always "work". They essentially squeeze out the money these companies left on the table. The end result is that the brand no longer appeals to its original discerning customer and instead becomes another way for insecure people to show off.
They killed rimowa
I'm glad you noticed. The same can be said about EVERY label under LVMH, not just Rimowa. Constant price increases while quality decreases. It's absolute nonsense.
thats actually the key problem. they value a products popularity but not their quality. its baffling how that is not glaringly obvious to the mass market
I bought my Rimowa suitcases pre LVMH, they jacked up the prices, did some stupid co-labs and lost sight of the core values of the brand, there are so many good alternatives now, such as Away, Tumi or even other storied brands like Zero Halliburton.
A friend worked for one of the fancy fancy brands and owned a bunch of stuff. She was able to own the stuff because her employee discount was 90%. By the way, famous brands are not exempt from exploiting labor, working conditions, materials, and the environment. Italy is just another country with unethical vendors, sweatshops, and illegal immigrants but the stuff says Made in Italy.
Pro tip: All of these brands are made in China. The manufacturers assemble 99% of the merchandise and ship it to the company where they just add on the last piece. That way, legally, the companies can still put "Made in" wherever the company is from.
@@StrokaReviews So if you want true local designer, only buy handmade in your country?
@J H all major brands go that route, but some products like (boots) are still manufactured in the same country as the brand. It's just business, buy low sell high🤷🏽.
And then you sell it back to China who can’t get enough….oh the irony
@@StrokaReviews Isn't Boots low quality but cheap?
As an LV client advisor - most of our product is crap now lol. They cut most of our commission by up to 40% depending on the category and expect us to care as much as we did before they cut it lololol.
That’s the real factor underpinning their success. Overwork employees and underpay them.
40%??? That’s so much
They cheap plastics and charge outrageously for repairs
I hear there are a lot of quality issues with the brand now, particularly monogram products with cracking etc.
Retail is brutal commission; it has always been this way.
Sad to see something so materalistic become so powerful and to think its only value is given by consumers! LV doesnt even have a limited supply of clothing to cut demand and increase its worth they just want to record profit increase after profit increase simply because they know everyone wants to be known for having LV!
Out of all french clothing they happen to be most successful 🤷
Everybody is free to do, to buy, to think what he wants. The most important is to feel excited, and happy. We are all different.😉
@@bernard.bonjour.2017 sell out
You work for 40yrs to have $1M in your
retirement, meanwhile some people are putting just $10K in a meme coin from just few months ago and now they are multimillionaires..,..,,.
You are right, to be a successful person in life require him or her of hard work and time
It's obvious everyone is doing this online Investment
@@ramadhanipongela1360I totally agree with you it has been an eye-opening experience for a lot of people.
With the current situation now, the only way out is investing online
Talking about been successful. I know I am blessed if not I wouldn't have met someone is as spectacular as Stacy Griffin
Omg. I thought LV, DIOR and Tiffany have different CEOs. But rather they're already a family business 😂😅 if i where to choose between lv and dior i would choose Dior, there bags still are a work of art. With all those billions of money 💰 they received, HOPEFULLY THEY ALSO INCREASE THE SALARY OF THEIR WORKERS.
Lmfao😂
They do have different CEOs. All of those brands are under LVMH, but as seperate fashion houses, they have different CEOS. Some of which are children of Arnault who hold various positions. But they aren't really a family business.
FYI: Dior bags cost $57 to make.
My wife loves her some LV.
She has also sold a few of her pieces and they held their value surprisingly well
They burned the unsold ones, to keep the price high.
Probably made in Bangladesh, Vietnam, china or india.
Yup, most of the luxury world is trash, but a small % of it holds value extremely well. From LVMH, it's LV/Chanel bags and Cartier Love bracelets.
@@JTMarlin8 LV bot… Hermes holds way better value
@@SafavidAfsharid3197 Genuine luxury products aren't made in Asia, they're made in Europe. That's part of the branding.
They have a history and years of consistency. You can't really beat that. Along with every rapper and music artist promoting it. Plus us TH-camrs push these products too just by wearing it and showing that we shop those brands.
A new brand is coming and will top all
@@jamest1242r And that brand is?
It's also the largest company from France and Europe too. That's how big LVMH.
and he is rather hated in France
@@tomdgr9767 well it's understandable. If a man is too successful he is bound to have a group of haters. There's always someone who hates the ultra rich. It's just basic human nature
500 billion worth, first company in Europe to reach this evaluation
@@weird-guy yup last year the company finally surpassed Novo Nordisk and Nestle to be the largest company
@@SunKing909 *Actually, it's different in Europe. Ultra rich are even more hated in Europe than other parts of the world, such as the US, Asia, etc. Most of the European countries are Socialist countries and welfare states. Therefore, you do not see many ultra rich coming out from Europe. And when they do, they are extremely hated. Also, unlike the Americans, Europeans believe in being low-profile with their wealth. But the problem with Bernard is that he is the richest man on the planet right now, so, he is bound to be in the news.*
agreed. LVMH success is nothing but a lot more people got richer during the pandemic and they don't have anywhere else to put money but luxury goods.
Investing is considered a bedrock in making generational wealth. Most people don't know when, where or what to invest in. Fortunately, great investors of the past and present can provide us with guidance and ideas. Meaningful contributions are always welcomed.
The common mistake we newbies make is investing without help and legit guidance from a professional.
Nice content. To me trading the forex and crypto market is way better than any online investment
I agree with your sentiments
I'm yet to see the backtested results in my trading account, so I'm also working on being more aggressive in adding to winners.
❤❤❤❤❤❤❤
LVMH are doing what Warren tells his managers,
"Keep widening the moat"
Its a fantastic company at so many levels
A lot of similarities between them two and the number of companies each owns in their wheelhouse...
Lots of useful tidbits in this video. Well done, CNBC!
When you sell $20 plastic handbags for $2,000 it's hard to not make money.
hahaha true
Tell me you have never owned a Louis Vuitton product without telling me you have never owned one … 😂
no it's more like a $200 bag for $2000. Those are very good quality products.
@@sydv2005 Handbag and luggage making is a very very old and mature technology. Even the cheapest bags can be made with excellent quality. This wasn't necessarily the case when these brands first started, so they are just monetizing the reputation they build 100+ years ago.
Facts
I have to say I have spent thousands of dollars in different classes and watched different videos and your video is by far the best for helping me to understand how things work. Thank you!!!
Nice puff piece. If you looked further into the freedom designers have with creative liberties creating their collections, you'd notice brands under lvmh are all very commercial and lack the uniqueness they once had. Because Arnault prioritizes profit above all else, it stifles any innovation. He actually plays a big role in directing designers each season despite what you said in the video. If he got tf out of the way there's no doubt you'd see each brand start to look fresh again.
Most pieces on CNBC seem to be puff pieces. That's how they get access to all these companies to interview the executives singing their own company's praises. It's a cheap way to make content, and the big businesses indirectly subsidise it by then buying advertising on the channel.
During a bear market, the headlines will focus on negative news, whether it's declining economic growth, geopolitical upheaval, cultural and legal turmoil, or some combination of all three. I listened to a podcast of someone that grew his reserve from $120k to almost $460k during this Red season, can you share tips on how to make such aggressive proceeds in short periods?.
Thanks for this tip. Her website popped up on the first page immediately I searched her name on google web, I read through her resume and it seems pretty tight. So, I dropped a message & hopefully she replies soon
You are such a blessing to this generation and I must confess you inspire me greatly. I kindly ask; What's your advice to us out here trying to lead Good Lives in 2023?
@Bryan Congratulations as a single mom life has never been easy. I keep struggling with my bills because what I earn working for others can't give me three square meals. Reading your message, I am so inspired and would like to try investing. I would be grateful if you could link me up with your ffinancial-adviser.
If I had money to spend on these outrageous expensive luxury brand goods, I would donate and do charity.
🤔😉
"Luxury shops are like churches". Yep, that's kind of the problem, my friend.
Love the founder vision to make the brand "eternal"
I never realised it was worth 500bn
Well doing sir
I can't believe how much your advice helped me. I followed your footsteps and got 9 out of 10, which is a huge improvement for me. I'm still practicing in demo mode, but I feel much more confident now. Thanks a million
Don't buy any of the clothes. Buy their stock and benefit off the mass hysteria of luxury buying
it’s absolutely heartwarming to see how these amazing girls have rallied around him and provided unwavering support. Watching their journey since 2021 has filled my heart with so much warmth and hope. Their dedication and kindness are truly inspiring, and it's incredible how they've made such a positive impact. Their story reminds us all of the power of compassion and the strength of unity. It's moments like these that restore our faith in humanity and remind us of the goodness that exists in the world.
Honestly this story has given me SO much hope and motivated me to believe in myself. I'm grateful for their inspiration and the sense of hope they've brought into my life which i needed. I wish them the best and taking your parents to umrah is the biggest blessing they’ve manage to do and inshallah i will be able to do this one day with their help!! 😩❤️
TAG destroyed the premium brand name of Heuer in 1985 after they acquired it. Heuer used to be regarded in the same circle as Omega, Rolex, and Breitling. I'm not sure who is the new president, but ever since that person took over around 2015/16/17 range, the brand is starting to get back to it's roots and even released Heuer only branded special editions with TAG not named anywhere. Also building an entire new facility to make the Heuer-02 movement was a big step in the right direction. It wasn't one of the children, I don't think they understand watches and the heritage that makes certain pieces special.
It’s Bernard Arnaults son Frederic who took over as TAG CEO in 2020. He took over when he was about 25/26 😅 and worked hard to make their connected watches a thing and grow that side of it.
You are so right! Heuer used to have the same brand power and respect as some of the other big, mid tier luxury watch brands. But it’s just gone right down the toilet! :( I think the brand has so much opportunity for redemption! But … yeah… it won’t happen if they keep making Mario kart smart wayches! 😅
Ngl I love my canvas bags bc I can throw them around and they’re waterproof. But after age 26-27 I haven’t really purchased as much bc I just don’t value luxury goods anymore.
This is the biggest free ad for LVMH
This channel is 90% ads mascariting as information .
@@weird-guy I concur
The super rich never runs out of cash...they splash even during chaotic times like during the pandemic. Targeting the rich would always make sense come rains or shine
They don't target the rich, they target those who wanna show people they are rich, huge difference.
@@hendrx Yes he missed the key parts of the LVMH Arnault strategy.
@@hendrx Exactly, they're not going to turn away customers who truly can't afford their clothes, but have enough cash in their account to drain.
Clearly this happened by a good plan NOT overnight. Personally, I think this is because of two factors: 1. The creator of LV was dedicated to create a long lasting brands which was seen in his story of creating it. 2. Bernard Arnold who is a cleaver businessman has taken LVMH to the Top brands in 2023!
Don't forget their poorly paid overseas slaves, they have contributed a lot to their success, they are even the majority of the workforce. Some do not even have the right to go to the toilet, they are forced to urinate near their work machine, some are not even paid. Also, don't forget the 100 million animals slaughtered each year for their clothing and raised in battery farms. There's also the fact that they pay almost no taxes and there is tax evasion and optimization.
Greed, drunkenness and Idolatry sells ... adreno club knows this! ... Hell will enlarge her borders!
@@danylbekhoucha6180 all LV merchandise are make in France and not overseas.
@@danylbekhoucha6180 most LVMH brands are made in France/Italy, this isn't fast fashion
Sense of accomplishment depends on personality and personal values. Not every person would feel self actualised just because they own something expensive and exclusive..
S500 Prometheus
Thats true but you are simply stating the obvious. People who buy LVMH products know it and still thay continue to purchase luxury goods
No but for most it will provide temporary satiation and relief in their boulevard of broken dreams.
That is where LVMH has been very smart and diversified their product offering. Originally, only the bags and luggage were only accessible to genuinely affluent people. Now they have all these trinkets and belts and keychains that the aspirational spenders flock to. I’m sure that stuff is pure profit because it’s most likely just left over leather from the handbags.
@@andypicken7848 Trust me, there are so many rich people who do not care about these stuff. Not every rich person is obessed with purchasing luxury stuff. How you spend your money is based on your personality and as well as personal values. Some filthy rich persons even hide the fact that they are rich by not showing off at all
@@andypicken7848 That category of people are the type that cannot thrive or feel good about themselves without expressing their status and there are many of them in the society,,,,they do so because they value external validation and recognition...That is also their main drive to amassing wealth in the first place
it's shocking how Cloth can be made as "premium" and make somebody that insanely rich
Crazy people !
And its 9500% mark continues to line the pockets of the richest Man in world today
If people are willing to spend that much money on there stupid stuff and I would do the same
@@RealShaktimaan lol... that's how marketing and FOMO work.
A luxury brand is soaring during a global recession, humanity is done 😂
Rich people were bored at home shopping
Now do a report on the second hand market for these products.
LVMH (as well as Kering) used to have a focus on true quality, luxury items. Now most items are full of tacky logos, poorly made, and severely over priced. Many people go into debt just to wear the flashy overpriced logos. Some higher end brands that are less ostentatious (but still expensive) include Brunello Cucinelli, Hermes, Eileen Fisher, etc. True luxury does not scream, it whispers.
You don’t know China then. They like their luxury to scream, no matter how ugly it screams. Bigger the logo, the better. Not that I agree, but that’s how it is.
@@chowsquid They have always been this way. Not a fan of that style.
@@chowsquid A reflection of the essential ugliness that is the Chinese mind.
I love Cucinelli for that reason. No noticeable logos but always the finest wool and materials sewn into the simplest and most basic styles
I think kering's better made not talk g Balenciaga but for Gucci and ysl
Sometimes it’s not hard to buy , instead it’s so much stuff we can go for that money
The richest people I know ranging from $10 million to $350 million net worth and liquid don't own fancy stuff and don't look rich or live as rich as they are. They have nice stuff but nothing fancy.
You right! They spend their money on lobbying and ex wives
And then you have their children. That and the later generations are the ones spending I bet. They don’t know how hard it was to build that fortune. Easy to spend money you didn’t earn.
@@chowsquid
This is facts right here
That's why we need to help rich people spend their money.
@@chowsquid no lies detected.
Luxury brands thrive on limbic capitalism.They understand the psychology of the consumer very well.They do not believe in competition;they believe in exclusivity.Thats what makes them successful.
Excellent point
This is a phenomenon of our times, we strive for vanity over anything else.
It has always been like this and will always be like this
Its amazing how much money the world is willing to give europeans for what is essentially worth next to nothing.
hey, we have no natural ressources, the hustle is real
@Daniël Your grammar is worthless.
@Daniël apple and Tesla is not as useless as Prada or Gucci or lv though
@Daniël how is Apple “worthless?” They make great products that many people use to enhance their daily lives? The use value of their products far outweigh a purse or perfume.
Europeans have perfected the art of preying on peoples insecurities and inferiority complexes to sell over-priced junk. From cars to watches to handbags.
Combination of genius marketing and sucker consumers with too much money
In my 60 years of life, it seems too often the more ostentatious people are the less likable, the more phony, insecure and needy they tend to be.
John
That may well be true but the important consideration is will they continue to buy luxury goods
As you grow older and wiser, you should realize that every person has a different pov and lens they see thru in life. While they're dislikable to you, you're probably dislikable to them. They're not the "bad guys"
@@testing6753 Let him judge, man. It's not like his opinion is significant or anything.
People born in that family are very blessed. Like Royal family. They don't need to buy any clothes and bags. So lucky
The excessive money that was printed out all over the world during the pandemic, which supposed to be subsidising general people, however the majority of it ended up in rich people's pocket and eventually ended up in Bernard Arnault's pocket
True, it’ll be interesting to see how they can operate in a recession.
@@jibantasapkota6335 They'll get hit, but perhaps not that much. You should only be buying this s**t if you have F U money and don't need to worry about recessions.
@@MrHav1k Depends on what you buy. LV and Chanel bags hold their value and can be flipped if money gets tight.
Agree, plus the growth of Asia. Let's see if it holds up in overall worse global conditions and tighter money.
@@JTMarlin8 If money gets tight and people starve your chanel purse becomes useless
Now I know why I suddenly see Tiffany everywhere when previously there's this aura of "there but not there, hidden only for certain eyes".
They're overpriced to the max and don't even use the best diamonds. Another marketing triumph of form over substance.
It was exclusivity, now seeing the brand everywhere with Betonce & Jay Z feels like any other premium brand.
I prefer timeless or small business that’s passionate in quality with a fair price that’s still expensive but still fair and cost less than LV and it’s related competition. I rather pay $600 for vegetable full grain leather for a briefcase that comes with a strap and Japanese YKK zippers and lifetime warranty. Lifetime warranty means they expect their products to last a really long time. Companies with a 30 day warranty is not even a warranty it’s just a safe shipping warranty and 8 year warranty on a car means they believe their cars will start having more costly repairs in that timeframe
I agree lv lost their focus on quality
LVMH has competitors named Kering who owns Gucci, Balenciaga, Alexander McQueen, Bottega Veneta, Brioni, Saint Laurent aka YSL
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There is no limit to the vanity of so many. Easy to pick their pockets.
John Patrick
Thats true of all goods people buy from baked beans, jeans and cars
Like the US government is picking ours
Wow, what you haven't given us is what we are not looking for... all the knowledge is contained in all your videos and this is just a part of the training videos you always give us. Thank you again, sir, for the generous support we provide. newbies. Under your leadership, we are ready for the stars.🎀
"I'm a 500 Billion $ luxury powerhouse"
"Cool! What do you make?"
"Bag"
The variety of textures in the *luxdups* pack is impressive. From smooth leather to textured suede, there's something for everyone.
Basically, they own every brand related to luxury from clothing to boats
Lvmh stock is nice, and pays a decent dividend. I regret not getting it earlier when I first analyzed kering and lvmh. Both are dividend monsters.
1.38% dividend - definitely not a dividend monster
Luxury scam companies are the only European stocks that perform well.
Wonderful coverage. thanks
even if I get a billion dollars I would never buy myself this to own
Very simple but HIGHLY EFFECTIVE strategy!
Hermes is more remarkable: a single brand worth around $200 billion.
their revenue is much less tho
@@rahhuuuu2321 They're growing so fast though and their margins are INSANE!
This is just the best strategy ever. Thank you for helping us to join you on a master level :)
I can almost guarantee y'all that companies such as burberry, Gucci, prada, fendi, etc, have invested the same amount of money as louis vuitton
LVMH owns Fendi. This video isn’t about LV - it’s about LVMH, which owns a ton of brands
I would think of LV as is the championship winning level fashion brand of the world. They are top of the class in terms of high end fashion and luxury. You better have tons of money in order to buy anything from LV. Everything LVMH is high class and super expensive!
Lies again? Like Vagina Most Handsome
what an in-depth highly intelligent way if saying water is wet...
@@CadyCadwell people who are interested in living a status symbol lifestyle buy LV 💯💵🤷🏻♂️
your lessons are awesome big thanks for the simplicity of it every regular guy can understand you
I'll still shop at TJ maxx and Ross I stay within my budget. Never had a desire to own a thousand dollar wallet or a 100000 watch. Not knocking anyone that does.
David, when I tell you my $15 bag from Ross held up longer than my $1200 bag from LV, I'm not joking. People are fools for purchasing "luxury" bags. If they want a real piece of luxury, they need to stick to the secondhand market because those bags were actually made with quality in mind.
Soon people that wish they could afford these brands will hopefully reach financial freedom to be able to afford these brands
Vuitton is expensive, Moët & Chandon champagne is expensive, Hennessy cognac is expensive, that's the idea
Honoured is that there that in record is that i have that year for honor Rob Ayers Louis vutton.,😊🎉
I’ll stick to shopping at Costco and buying Kirkland brand!
Won’t hurt you to wear some class once a while brother! For a fancy gathering or such
I chose to help and share the video in the social media. I hope the popularity will grow.🥝
This video made my blood pressure shoot right up
CNBC should put a health disclaimer at the beginning to warn non-millionaires to watch at their own risk
you'll never be rich if the idea of someone being rich raises your blood pressure with rage. instead you should celebrate the success with them and you will join them soon
Go touch some grass, go to the beach, pet a dog or something.
They don’t care about you why you care about them?
@@AlexPerazaTV My bad, I guess all the French people protesting in the streets were actually out there showing their support for the upper class' success
@@IM2357 they are protesting for government checks. bernard arnault didn't steal anything, he was given his wealth voluntarily by millions of french and international buyers.
@@AlexPerazaTV He did get massive tax breaks. Like for building that Louis Vuitton Foundation building, conveniently located where the rich live.
you are the best,but sometimes when I watch your videos,I get more ideas, but after sometimes,I do fail when using the same strategy
If there was any Originality, tradition, craftmanship, work ethic, pride, or self-respect, it's all in the pocket of Bernard Arnault now!
It concerns national security, this must end, the american regime should do something to make LVMH under control by americans.
I think the reason for LVMH/LV success is due in part to the riding living standards in China, India and other such countries. These newcomers to 'luxury' want a slice of the 'good life' and they are so misinformed and uneducatd that they think buying a 'luxury' brand will elevat them to the gods they worship!
Not just about newcomers. Many people from the west are still into that luxury lifestyle for photos makes them feel they’re better than other people concept especially for new moneys. You can easily gain lots of followers simply by showing bags, jewellery etc.
There's reasons for that. These countries had and still are trying to move away from making money by exporting to the US and need to create more consumption in their own country. So the shop-till-you-drop culture is enforced by a state promoted narrative.
@@TokyoTaisu yep. Certainly boosts the economy and puts tax money into governments pockets.
@@vanodyssey1659 it does. They cut salaries in 16 then add back a bi-annual bonus which is then spent on such goods. These goods have a luxury tax and because wages are lower companies can make the same profit for less exports.
Don't know enough about India, but things are changing in China (and rather quickly). People understand they are ripped off buying a luxury "brand" paying 10x more than is necessary for the same product of the same quality made by a local brand. It was a passing phase of the nouveau riche that has worn off. Also thanks to the US economic war, much of China has gone nationalist. Buying "brands" made by certain hostile countries (and paying premium for it) is now frowned upon. People increasingly want to buy good quality LOCAL products and support the local economy instead. Why buy from hostile countries when China can just make its own.
Great data, 👏🏾👏🏾👏🏾👏🏾👏🏾👏🏾👑💎., very proud of the Brand.
"Luxury" = meaning paying 100 times as much for the same sweatshop BS.
People literally throw away their money on the order of 100x magnitude just to keep up with the Joneses. Sure some can afford it, but many do it just to flex and ALL are throwing money away for what in most cases isn't any better craftsmanship.
If you can find the same design and innovation for cheap prices, lemme know. You’re paying for the design itself, not just the production. But people who don’t care about fashion don’t understand that