MacGregor Black’s Post

In a new article by The Business of Fashion, Heidrick & Struggles' Caroline Pill weighs in on what luxury and beauty companies are looking for in prospective leaders. Read the article here (subscription may be required): https://bit.ly/44zPO6D. #leadership #luxury #beauty #talent

🚀 From Fashion to Fortune: The Unstoppable Rise of Bernard Arnault 🌟 🏆 Did you know that Bernard Arnault, the visionary behind the iconic luxury conglomerate LVMH, has recently claimed the title of the richest person in the world? 🌍✨ Let's take a moment to celebrate his extraordinary journey and the lessons we can learn from his meteoric rise! 💼💡 👔 Arnault's path to success wasn't always smooth sailing. He started by joining his father's construction company, which provided him with invaluable business experience. However, it was his audacious decision to venture into the world of fashion that truly set him on a trajectory toward unimaginable wealth and influence. 🎩💼 🌟 By acquiring iconic brands like Dior, Louis Vuitton, and Givenchy, Arnault transformed his company into a powerhouse of luxury goods. His visionary leadership and ability to recognize untapped potential propelled LVMH to become the unrivaled leader in the luxury industry. 💎💼 💡 So, what can we learn from Bernard Arnault's remarkable ascent? Here are a few key takeaways that can elevate our professional journeys: 1️⃣ Boldness pays off: Arnault's willingness to take calculated risks and pursue ambitious acquisitions set him apart from his competitors. Embrace calculated risks in your career and be open to seizing new opportunities! 2️⃣ Visionary leadership: Arnault's ability to foresee trends and capitalize on them allowed him to stay ahead of the game. Stay curious, keep learning, and never stop exploring new possibilities. To Know more about Bernard Arnault's Net Worth: https://lnkd.in/gSPDmtbe. 3️⃣ Building a strong network: Arnault understood the power of building relationships with influential individuals in the industry. Cultivate a strong professional network that can support and inspire your growth. 🌟 Let's celebrate the remarkable achievements of Bernard Arnault and use his inspiring story as a catalyst for our professional success! 💪✨ Remember, the sky's the limit when it comes to what we can achieve when we dream big and take action. Keep reaching for the stars! 🚀🌟 #Inspiration #Leadership #SuccessStory #BernardArnault #LVMH #LuxuryIndustry #LinkedInInfluencer.

Embracing 2024 with Françoise Bettencourt Meyers' $100bn Vibes. As we step into 2024, I’d like to channel the success and determination of Françoise Bettencourt Meyers, who achieved an astounding $100 billion milestone at L'Oréal. How did she do it: Strategic Vision: Steering L'Oréal through transformative growth. Blending Legacy with Innovation: Skillfully combining tradition and modern. Diverse Passions: Bringing a well-rounded perspective to leadership. Focused Leadership: Valuing substance and core principles. Resilience and Adaptability: Navigating changes and challenges effortlessly. Be Born into the L’Oréal Family: That’s right, she won the genetic jackpot - but it was her passion, hunger, and discipline that got her to the $100bn club. Let's carry these powerful vibes into 2024, inspired by a true industry titan! #2024Goals #FrancoiseBettencourtMeyers #SuccessMindset #LorealAchievement #InspiringBusinessLeaders #femaleleaders

Montblanc Singapore customers never bought from another brand but they had almost 0 new customers. This is how they skyrocketed sales by 330% Many businesses dream of a loyal customer base. But what if you've reached a point where everyone in your target market already owns your product? This was the situation for Montblanc in 2013. Their pens were a hit with financiers, but the pool of potential ideal customers was finite. The question loomed: where would new growth come from? The answer, it turned out, was closer than they thought. Women are underrepresented in leadership positions. Even fewer of them see Montblanc pens as their go-to writing instrument. This was a significant, untapped market. But they did not launch a: - glittery pen - pink pen - new name They simply changed the brand messaging to include working women in the boardrooms. Through this strategic shift in their messaging, they started: - speaking directly to women - acknowledging their growing presence in the boardroom  - and positioning Montblanc pens as the perfect tool for them The outcome was phenomenal! Sales to women skyrocketed by a staggering 330% This is what we can take away from Montblanc’s case: 1️⃣ By simply opening the door and inviting a new audience to the table, Montblanc unlocked a massive opportunity. 2️⃣ This study isn't about changing the product itself. It's about recognizing blind spots and embracing a wider vision. 3️⃣ Sometimes, the key to growth lies not in altering what you offer, but in who you offer it to. Can you name another business that succeeded by simply refining its target audience? #branding #audience #growth #strategy

LVMH, the luxury giant, promotes Bernard Arnault's son to a top job. Here’s why it’s important: 1. Family Success: Arnault's son gets a big role in the company, continuing the family legacy. #FamilySuccess 🌟👨💼 2. Big Change: This move shows a big change in leadership, keeping things stable and moving forward. #LeadershipChange 🔄💼 3. New Ideas: With fresh thinking, Arnault's son will lead LVMH into new opportunities and markets. #FreshThinking 💡💼 4. Industry Influence: This change will affect the luxury industry, setting trends and strategies. #LuxuryImpact 💼🌍 5. Future Direction: Everyone's watching to see how this new leader guides LVMH in the future. #FutureLeadership 🚀💼 With Arnault's son taking charge, expect exciting things ahead for LVMH! 🌟💼 #LVMHLeadership BTW, if anyone reading this is trying to launch or grow their brand in fashion, beauty, or luxury - please check us out and inbox us. We're a pretty big deal, and we love to build empires. Best! https://lnkd.in/egrEggx5

What does a truly transformational leader do when she’s handed a beauty brand amid pandemic lockdowns, when people were under mask mandates and raw materials were in short supply? She fires up a record-breaking growth strategy that drives $200 million in sales. Read more about Milani Cosmetics CEO Mary van Praag and the transformational secrets powering the independent beauty brand’s record-breaking win streak in my latest Forbes article below ⬇️ https://lnkd.in/e-jd-M_i

Each week we recap on what we have been watching 👀, being inspired by💡and learning from 📝 in our world of BEAUTY, WELLNESS and CONSCIOUS LIVING, swipe to discover ➡️ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ▪️ McKinsey & Company releases its 2024 State of Fashion Report, headlining that shifting consumer priorities continue to offer opportunities despite uncertainty. The report echoes our belief that pockets of growth will exist by tuning into the new guard of creators... ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ▪️ Castore raises £145M in a funding round led by @rainepartners joined by @felixcapital and @hanacoventures. An impressive trajectory fuelled by partnering with 50 sports franchises globally and a leading example of the value that is being created when entertainment collides with lifestyle ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ▪️ Louis Vuitton first ever Hong Kong show. @pharrell said ahead of the show: “It’s making a connection between people. Finding connections between cultures”. An approach we couldn’t agree more with. Watch him go further ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ▪️ a deal day, Kering completes acquisition of a 30% shareholding in Valentino after receiving a green light from antitrust authorities & @naturemadevitamins owner buys Bonafide Health in $425M deal in the women’s health nutraceutical space ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ▪️ beauty retailer Ulta Beauty beats market forecast and now expects fiscal 2023 net sales in the range of $11.15Bn, up from original growth expectations, buoyed by demand for skincare and fragrances ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠀⠀⠀ #growthequity #entrepreneurship #growthcapital #consumerbrands #beauty #wellness #consciousliving #businessbuilding #socialcommerce

"Exquisite Elegance: Business Lessons from the World's Most Luxurious Brand" - Bernard Arnault, Chairman and CEO of LVMH (Louis Vuitton) 1. Power of Brand - Unleash it 2. Finding value in obscure places - Have an eye for detail 3. Relentless desire to be the best, and to own the best 4. Hard-nosed dealing and extreme aggressiveness in going after your goals 5. Have very long-term investment horizons 6. Brand loyalty and having the customer still crave every new product — that’s what matters. 7. Obsessing the customer 8. Doing what you know drives long-term value for the customers and the company. 9. If you want to be the best — and if you want to invest in the best — you must think like they do. 10. Create Products That Create Customers. What we do is create desire in our clients, and attract them to our products. 11. Think small. Move quickly - Be a nimble, flexible speed boat. One that can succeed and fail quickly. 12. Decentralized command - Don't Micromanage Allow your team to do what they do best: create. 13. It’s never about sales. It’s about creating desire. 14. Creates a sense of essentiality in the minds of your customers. 15. Growth is a function of high desire. Customers must want the product. 16. Allow Creators To Run The Inventions 17. Our beginnings don't determine our destination 18. Big commercial success is always hinged on “original, emblematic products” available within a limited window, fanning “maximum desirability.” https://lnkd.in/dKF2iV6Z #societyandculture #luxury #management #branding #brandstrategy

The global cost-of-living crisis means we're all looking for a little more “bougie on a budget.” But we're not prepared to compromise on quality to get it. Contrary to what you might think, this is good news for luxury fragrance brands. More specifically, for the underperforming, low ROI brands you currently have taking up expensive storage space in your warehouse. Luxury brands are built on their high-end reputations, which means even the smallest whiff of "bargain" or "discount" can be devastating for brand equity. Yet maintaining high standards is not always easy when you have a warehouse full of underperforming, older fragrance lines that are simply not moving. The secret is to find innovative, data-backed ways to expose these lines to new markets without sacrificing their reputation or image. This is exactly the methodology we've spent the last 20 years perfecting. Want to know more? We'll be in Cannes on October 3, at the TFWA World Exhibition & Conference if you'd like to meet us there. (Or you could just get in touch - we'd love to help). #Beauty #Innovation #Leadership #TechThatMatters #GrowthMindset #BusinessAndManagement