Connect with us

Strive Stories

The Bernard Arnault Success Story

Published

on

Bernard Arnault Success Story

Bernard Arnault is the world’s richest man. The French investor, businessman, and CEO of the luxury goods company LVMH, recently reclaimed the title over fellow billionaire Jeff Bezos. Arnault’s business acumen and awe-inspiring financial achievements are worthy of attention. So, considering the impressive accomplishments of this visionary tastemaker, we intend to unravel how this legend came to be in the Bernard Arnault Success Story special.

“Luxury is the Combination of Quality and Creativity”

We believe that ordinary people can choose to become extraordinary. Which is why research and publish the success stories of ordinary people who have managed to accomplish extraordinary achievements. As such, the aim of this page is to reveal key insights about Arnault that will provide you with a better understanding of how he came to be so successful. And maybe, just maybe you’ll become inspired to do the same.  So, if you’re ready to start learning from Bernard Arnault’s success story, let’s dive in.

Bernard Arnault Success Story

Bernard Arnault was born to an industrial family in Roubaix, France in 1949, and graduated from France’s prestigious engineering school the École Polytechnique. Once he had his engineering degree in hand, he would begin his professional career as an engineer within the family’s construction business.

After working for his father for close to seven years in the family business, Arnault would eventually rise through the ranks to become the chairman of the company. As chairman, he would successfully run the show for his father for a few years, until he moved on to run a holding company known as Financière Agache. The company was having business problems, and Arnault realized the potential that existed in turning around this failing company, partly due to the strength of one of it’s brands; Christian Dior.

Bernard Arnault Luxury Quote

As such, Arnault seized the opportunity to take on the task of reorganizing the company, and would successfully reinvigorate it, bringing it back to profitably. One of the strategies Bernard Arnault would employ to succeed in the turn around, was to zero in on having the company’s focus be solely on its luxury goods.

The cornerstone of his holding company was Christian Dior, which he single handedly brought roaring back to life. Eventually, he would sell off the non-luxury assets of the company, and begin an aggressive acquisition campaign to acquire other luxury brand companies. Eventually, Arnault would assume control over the leading luxury products group known as LVMH Moët Hennessy Louis Vuitton. Since this acquisition, he has successfully positioned the company as the world’s leading luxury brand.

Related: Bernard Arnault Net Worth

Bernard Arnault’s Enduring Success

Bernard Arnault continues to grow more and more successful. His brands continue to grow in prominence across the world, and his company continues to lead the way in creating innovative products that people truly find irresistible.

In addition to this, Arnault’s success continues to grow as the demand for luxury goods continues to surge in growing markets like China, Japan, and other Asian countries. And, with the surge of LVMH’s profit, Bernard Arnault has once again been crowned as the richest man in the world.

Bernard Arnault’s Success Ethos

So, what’s the success secret to Bernard Arnault’s enduring success?  One important key to Bernard Arnault’s success, is his keen eye for detail and quality. An aspect that has allowed for him to spot value in failing brands and business sectors. Arnault also excels because of his love of luxury, which he defines as a combination of quality and innovation.

Related: Inspiring Success Stories

In addition to this, Bernard Arnault places a lot of emphasis on investing in hidden value. In fact, Arnault has publicly admired Warren Buffett as an inspiration. And, if one looks close enough at Arnault’s business dealings, much of it has been related to the acquisition of strong brands, much like Warren Buffett. Thus, much like Warren Buffett, Bernard Arnault is a visionary with an extraordinary ability to see value in things (companies, products, trends) that others simply miss.

Also, when it comes to insights related to Bernard Arnault’s success, he has quite clearly laid it out for us in his own words:

Peer Into The Mind of a Visionary

To get a better sense of who Bernard Arnault is, and to peer into the mind of how this visionary businessman thinks, we recommend watching this video:

Image Credit: CNBC International TV (Subscribe Here)

Key Takeaways

Bernard Arnault’s journey towards becoming the leader of the world’s most prominent brands contains a lesson we can all benefit from. This lesson being, that our beginnings don’t determine our destination. And that regardless of our education or lot in life, we can successfully journey, expand, and thrive outside of our expertise and do extraordinary things.

With that being said, we hope this Bernard Arnault success story has convinced you that achieving massive success is possible. But more importantly, we hope it inspires you to reach for the stars.

Till next time,

STRIVE

Trending