LVMH

Acquired

Ben Gilbert and David Rosenthal

Venturecapital, Ma, Investing, Acquisitions, Startups, Vc, Investment, Business, Technology

4.8 • 2.9K Ratings

🗓️ 21 February 2023

⏱️ 213 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

We tell the full history of LVMH, and how Bernard Arnault turned a $15m investment in a bankrupt French textile company into the world’s largest individual fortune. It’s a story that’s equal parts Berkshire Hathaway, Steve Jobs and Barbarians at the Gate… and wholly under-appreciated for the genius business model innovations that enabled it. Whatever industry you operate or invest in, there’s so much to be learned from Bernard and LVMH’s complete reshaping of the luxury sector over the past three and a half decades. And oh yeah, it also involves Nazi spies, Italian family murders, Rupert Murdoch, Rihanna becoming a billionaire, Jay-Z’s champagne feuds and Beyoncé wearing a 128 carat diamond. Tune in! :)

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Transcript

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0:00.0	All right, David, you ready?
0:01.2	All right, ready.
0:02.4	Did you bring a cloth for popping your bottle?
0:04.5	Of course I did.
0:05.7	The only way to do it.
0:06.9	I could have brought a saber.
0:08.2	You are far too classy.
0:09.7	You did live in France, didn't you?
0:14.7	Cloth is getting in the way.
0:16.0	Listeners, this is the best.
0:17.6	We had planned to open bottles of Moette
0:20.4	to start the episode and David is struggling to start his and weak.
0:25.6	Here we go.
0:26.9	Hey, that was good.
0:29.8	Happy LVMH day, David.
0:31.6	Happy LVMH day.
0:37.5	Cheers.
0:38.0	Cheers, my friend.
0:39.6	Santé.
0:40.8	Oh, that is good.
0:41.9	Who got the truth?
0:44.8	Is it you, is it you, is it you?
	...

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