Sarah Harbon’s Post

Bernard Arnault is the world's richest man. Here are the Top 10 Qualities behind his Success: 1. 𝗩𝗶𝘀𝗶𝗼𝗻𝗮𝗿𝘆 𝗟𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽: ↳ Sees potential in brands and envisions a future where they thrive under his stewardship. 2. 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗔𝗰𝘂𝗺𝗲𝗻: ↳ Has a knack for identifying lucrative acquisition targets and integrating them into LVMH's portfolio without diluting their unique identities. 3. 𝗥𝘂𝘁𝗵𝗹𝗲𝘀𝘀 𝗘𝗳𝗳𝗶𝗰𝗶𝗲𝗻𝗰𝘆: ↳ Ensures operational efficiencies across all levels, boosting profitability while maintaining product quality. 4. 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝘃𝗲 𝗠𝗶𝗻𝗱𝘀𝗲𝘁: ↳ Continually pushes for innovation in product design, marketing strategies, and digital presence, keeping LVMH ahead in a competitive industry. 5. 𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗔𝗰𝘂𝗺𝗲𝗻: ↳ Makes decisions that are financially driven with a long-term perspective, reflecting a deep understanding of market dynamics and economic cycles. 6. 𝗔𝘁𝘁𝗲𝗻𝘁𝗶𝗼𝗻 𝘁𝗼 𝗗𝗲𝘁𝗮𝗶𝗹: ↳ Focuses on the minutiae, ensuring every aspect of the business, from product creation to customer service, adheres to the highest standards. 7. 𝗥𝗲𝘀𝗼𝗹𝘂𝘁𝗲 𝗣𝗲𝗿𝘀𝗶𝘀𝘁𝗲𝗻𝗰𝗲: ↳ Characterized by unwavering determination and tenacity, crucial in overcoming business challenges and revitalizing struggling entities. 8. 𝗦𝗲𝗮𝗺𝗹𝗲𝘀𝘀 𝗔𝗱𝗮𝗽𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆: ↳ Adapts seamlessly to global market changes and consumer trends, allowing LVMH to remain relevant and influential despite varying economic climates. 9. 𝗖𝗵𝗮𝗿𝗺 𝗮𝗻𝗱 𝗗𝗶𝗽𝗹𝗼𝗺𝗮𝗰𝘆: ↳ Negotiates deals, manages diverse teams, and charms the press, playing a significant role in his and LVMH's public perception. 10. 𝗖𝘂𝗹𝘁𝘂𝗿𝗮𝗹 𝗣𝗮𝘀𝘀𝗶𝗼𝗻: ↳ Driven by a passion for art and culture, which not only influences LVMH’s ethos but also aligns the company closely with the luxury of high culture. Bernard Arnault, valued at over $212 𝗯𝗶𝗹𝗹𝗶𝗼𝗻, built LVMH into a global empire with 75 𝗯𝗿𝗮𝗻𝗱𝘀 in just 4 decades. ---------- I’ve just launched my latest venture, 𝘁𝗵𝗲 𝗕𝗲𝘀𝘁 𝗦𝗲𝗹𝗳 𝗖𝗹𝘂𝗯, dedicated to helping you blend personal fulfillment with professional achievements. Join the club by subscribing to my newsletter. ---------- 📌 Follow Carl Soyez to reach your Best Self in Business & Life. #Leadership #BusinessSuccess #theBestSelfClub

LVMH's Success Story: Thriving in Tough Times Big news from LVMH Moët Hennessy Louis Vuitton, the luxury leader! Under CEO Bernard Arnault, LVMH has become the first European company to reach a $500 billion market value, with revenues soaring to about $86.3 billion last year, up 23%. What’s their secret? LVMH keeps winning by choosing smart investments, like buying Tiffany & Co. for $15.8 billion, and letting each of their brands run independently. This strategy helps LVMH stay fresh and relevant, even in tough economic times. With their recent focus on expanding physical stores alongside growing online sales, LVMH’s future looks bright. They're a perfect example of how combining tradition with new trends can lead to great success. What can other brands learn from LVMH's approach? Let’s talk about it! #LVMH #BusinessGrowth #Leadership #LuxuryBranding

🌟 Trailblazing Leadership at SEPHORA: Artemis Patrick Ushers in a New Era 🌟 As we celebrate groundbreaking leadership and strategic innovation in the beauty industry, Sephora's new CEO, Artemis Patrick, stands out as a beacon of transformative leadership and a testament to the power of resilience, inclusivity, and forward-thinking. 🚀 From Humble Beginnings to Visionary Leadership Artemis's journey from a childhood marked by adversity to becoming the first female CEO of Sephora North America is inspiring; it's a masterclass in leadership. Her upbringing, shaped by challenges and the kindness of her foster parents, instilled in her a deep commitment to inclusivity and a "pay it forward" ethos. This approach is now the bedrock of her leadership style at Sephora, driving a culture where every voice is valued and innovation thrives. 💡 Innovating for the Future Under Artemis's leadership, Sephora is poised to redefine the beauty landscape with strategies prioritizing accessibility, brand awareness, and customer experience. The shift towards off-mall locations, the focus on a differentiated and clean product assortment, and the integration of cutting-edge technology like mobile color IQ skin scans are just a few examples of how Sephora is staying ahead of the curve. 🌍 Commitment to Inclusivity and Education Sephora's dedication to inclusivity extends beyond its team to its customer base, offering personalized guidance and education to a new generation of beauty enthusiasts. This strategy cements Sephora's place in the competitive beauty landscape and aligns perfectly with Artemis's vision for a more inclusive and supportive world. 🛍️ Strategic Partnerships and Renovations The strategic partnership with Kohl's and the plan to renovate and roll out new store designs underscore Sephora's commitment to enhancing the shopping experience. These moves promise to invigorate sales and showcase Sephora's adaptability and innovative spirit. Artemis Patrick's journey is a reminder that leadership is not just about business acumen; it's about humanity, resilience, and the courage to innovate and inspire. Her story and vision offer invaluable leadership, innovation, and giving-back lessons as she leads Sephora into a new era. #Leadership #BeautyIndustry #Sephora #Retail #BusinessStrategy

It's been said that if your intention is to create outsized value, you only have to do two things: 1. Simplify the Complex. 2. Scale what can't be Scaled. David Senra offers up a great example of that strategy in action with his insightful summation of LVMH's incredible success:

Consumers of color in the U.S. hold nearly $3.9 trillion in purchasing power and Sephora is all over it. Here is the progress Sephora has made since 2020 in advancing BIPOC employees and brands: 💄 Signed the 15 percent pledge, making it the first major retailer to retain 15% of shelf space for Black-owned brands. 💄 Launched Sephora Accelerate, also known as the talent incubator initiative, a six-month program to help BIPOC-owned small brands build and scale their companies with the objective of one day selling at Sephora. 💄 Increased BIPOC representation in the the C suite from 39% to 42%. 💄 Increased the share of BIPOC managers from 39% to 52% in the past four years by revamping talent recruitment, development and advancement. 💄 Asked leaders to interview more BIPOC candidates and tied D&I objectives to performance reviews and bonuses for every single Sephora employee, from store associates to the CEO. Shoutout to the leadership of VP of DEI George-Axelle Broussillon Matschinga 👏👏👏👏 And that's not all.... Artemis Patrick is the new CEO, making her the first women AND person of color to lead the company. And for those who think DEI is bad for business: Sephora generated $19.4 billion in revenue last year, making it LVMH’s most profitable subsidiary.

SEPHORA TALES FROM THE CRYPT. EP 9. PARTNERSHIP IS A 2 WAY STREET. Principles. Are you prepared to stand up for them? Even if there is short-term pain. Partnership. In order to work it has to be a win-win. Otherwise it feels like going the wrong way down a 1- way street. In the early days SEPHORA desperately needed ‘dept store’ brands (read L'Oréal, The Estée Lauder Companies Inc.) to attract, well, dept store (read Macy's, Nordstrom) customers. To say the brands were reluctant is an understatement. More like they were highly resistant to our overtures. We succeeded in getting an important one to ‘try us’ (name withheld to protect the guilty). Roughly a dozen stores. After a few months we had a honcho meeting- their execs and ours. Felt like the OK corral. Good news- results were off the charts. Make that great news. They came in prepared to add more stores. Even better news. Looking at the list of their store adds there was only one problem- there were zero mall stores. Only street locations. They were tip-toeing around the dept stores. No malls-no conflict. This was a major problem for me and my concept of partnership. I said “I will give you a list of mall stores. Pick one. Any one. ONE! And we have a deal.” Cupla weeks later they came back and said…No. No mall stores. At which point we asked them to leave. Sephora. Altogether. As painful as that was we simply could not live with 100-0 partnership. 95/5 we’d tolerate. 100-0 no. They didn’t really believe it, but within 2-3 months they were gone. It cost us $. But the lesson for our teams was priceless. We are not helpless. We believe in winning together. And we practice it. These kinds of decisions ultimately define who you are as a leader. Being true to hugely important principles in the face of adversity is perhaps the ultimate test. You are your principles. Or you are not. There is no inbetween. #partnershipistwo #youareyourprinciples 

Françoise Bettencourt Meyers, the heiress to the L'Oréal empire, has achieved a significant milestone by becoming the first woman to amass a fortune exceeding $100 billion, according to a global ranking of the wealthiest individuals. The iconic French beauty company, founded by her grandfather, is experiencing a notable uptick in stock market performance, with L'Oréal shares hitting record highs in Paris. At 70 years old, Meyers' net worth crossed the $100 billion threshold on the Bloomberg Billionaires Index, making her the 12th wealthiest person worldwide. Despite this achievement, she remains second to Bernard Arnault, another French magnate and founder of LVMH, the world's leading luxury conglomerate, with an estimated net worth of $179 billion. Under Meyers' leadership as vice-chairperson of the board, L'Oréal has rebounded strongly post-pandemic, particularly as makeup sales recovered following lockdown-induced declines. The Bettencourt family, holding a significant 35% stake, remains the company's largest shareholder. #Loreal #Heir #First #Women #Fortune #Earth #Richest #business #brand #fmcg #fmcgindustry #market #makeup #fashion #style #trend #talentacquisition #category #leadership #shares #records #jobs #hiring #headhunters #oppertunity #2024goals #2024planning #newyear #luxury

Accelerating the growth of the 170-year old Levi’s Brand   One of the key challenges facing iconic retail brands is maintaining relevance in a contemporary market. As decades pass and generations of consumers evolve, retail leaders are constantly seeking to understand their new customer.     This was a key challenge for Michelle Gass who joined Levi Strauss & Co. in early 2023, after a successful career with Kohl’s as the company’s CEO. Speaking for the first time since joining the 170-year-old iconic brand, Michelle shared how she plans to accelerate growth by sharpening the focus of the current strategies to lean into the power of the Levi’s brand. Her focus to position Levi’s as the destination for the ‘denim lifestyle’ across all channels, and fuel diversification across international markets. Michelle shared the stage with Matthew Shay is president and CEO of the National Retail Federation. Michelle offered five key learning's for retail executives. Want to know more? Connect with Australian Retailers Association (ARA) who will be sharing content and insights across the week. #retail #retailers #nrf2024 #Levis #customers #consumers Paul Zahra

Ever wondered how conglomerates like LVMH, shaping our culture in luxury, consumer goods, tech, and automotive, forge emotional connections with consumers❓ In the fast-paced world of brand building, the intersection of business success and emotional resonance is crucial. Join me in exploring the insightful Brand Family rankings, delving into LVMH's unique position in the market. The annual Brand Intimacy Study unveils the strategies that set leading brand families apart, showcasing the delicate balance between global influence and personal connection. Discover more about the lessons in luxury and the intriguing dynamics that play a role in LVMH's unique journey including: - How does LVMH, a global powerhouse, rank 23rd out of 25 in our latest Brand Family rankings?  - What's the correlation between LVMH's poor Brand Intimacy performance and its undeniable business success?  Dive into the article below (link in the comment below) #BusinessInsights #LuxuryBrands #BrandBuilding