LVMH CEO on Olympics sponsorship: Want to show France as a creative, refined & craftsmanship country 

Boycott and hopefully they will go the way of Budlight

Yes, they bring also support for disgusting topics

Thug life god mode

The guy is the french OG

Amazon or Walmart

Agreed 💯 Well done, France! Greetings from Czechia.

Except the government low budget.

I guess you enjoyed the drag queen show!

Trash

$57 to make a Dior bag sold at $2800 😅

Intertextual property is worth the price, which some people can't understand, artisans are respected, they don't work in a factory

LVMH is just a marketing company. No inherent value within the company.

​@@monbeauparfum1452 Just wait till you find out the gross margin of Hermes.

@@stt.9433 the best marketing company though. People feel better about themselves carrying LVMH's product, there is definitely value in that.

He’s absolutely fabulous and such a dope visionary, they ain’t got it like him for sure & Him ah gwan humble.

Anyhow, he partially funded notre dame repair

​@@genesteixemmanuel9450 That little kid has no clue what he's talking about. French billionaires and anyone earning more than €150k/year can pay up to +60% of their income in taxes, so these people really have no culture of pride in doing the "charity" thing. It is also considered vulgar, ostentatious and stupid. They will however, financially support the arts, museums and so on, also for tax purposes. Just like there's no "tipping" culture in France because service IS INCLUDED in the price of the meal, taxpayers assume that they're already paying enough to the State to have to do charity on the side. In addition, you can't legally disinherit your kids ( there's also a 60% tax on what they'll get ) so that's why you won't see french billionaires on the "Giving Pledge" tax write off hoax where they pretend they're going to give 90% of their wealth to charity. People have no idea how taxed this country is. France is a welfare state heavily relying on public money, in 2022 it was 1st¹ out of 38 OECD countries in terms of the tax-to-GDP ratio.

France is fuct

this is actually wrong, he regularly donates to charity for example, last winter he gave €10 million of his personal money to the food bank

@@laurenceapitz1678Are you aware that donation are deducted from your taxes in France ?

the only thing is guy have in common with Napoleon is being French

I beet you're american and you don't even know who Napoleon was pr what a woman is

@@TLiu-1b his appearance and napoleons look somehow eerily similar to me.

Don't disrespect the legend of Austerlitz ...

Spot on!

Bull's eye !

No it s not, they keep using the top craftsmen and women in house. Go see the ateliers.

Their gross margin is 68%, net margin is 17% . Big chunk of their cost went into marketing expenses.

@oongkuoksung9756 The whole group, not only the fashion brands, made 68% of margin but on a single fashion item, they make a much bigger profit. The production cost of a Louis Vuitton bag, material and craftsmanship can't be more than 150 euros per bag. This is not only for LVMH, a Chanel bag that cost 1500 euros in 2005, costs now almost 10 000 euros, the price of a good motorbike. And they even reduce the cost of production and decrease the quality of this same bag. The price is as much as people are ready to pay.

@@oongkuoksung9756A Big chunk of their profit goes into marketing. How they choose to spend their profit is their business, but their profit margin is still huge.

Mr Dior will be please to know his brand continues to reach global customers long after his short life

​​@@___beyondhorizon4664 The quality is going worse and the prices are increasing every 6 months. 53 euros for bag sold 2500 euros. With the materials provided, maybe it costs 100 euros to produce . No other sectors make so much margin than high fashion. It can't be called luxury anymore.

You forgot the end of the story : now LVMH has 6,097 stores and 213,000 employees across the world.

Indias speciality is especial ❤❤🎉🎉

Yeah yeah shut up Talibano-Christian

It was not for the uneducated , e.g Trump fan club