CNBC Series Swings the Spotlight on Bernard Arnault – WWD


ALL ABOUT ARNAULT: Family, work — and winning — are Bernard Arnault’s priorities and passions, according to a program that’s set to air Wednesday night at 10 p.m. GMT, part of the CNBC series “The Brave Ones.”

The eight-part series has focused in the past on entrepreneurs including Richard Branson, Jack Ma and Bill McDermott, chief executive officer of SAP.

In the 30-minute segment, the LMVH Moët Hennessy Louis Vuitton ceo discusses his career, his love for his work and family, the success of his company, who his successor might be, and his desire to be a winner — always.

The segment also features interviews with Karl Lagerfeld, Vogue editor in chief Anna Wintour and Louis Vuitton ceo Michael Burke.

“When I go [to work] in the morning I always think: ‘I will have fun today with this or this.’ I am never bored. And I am very competitive. It’s like in tennis — I always want to win. And that’s fun,” Arnault said in the interview.

He spoke about the impact of his family on business, and said he is lucky to have “fantastic children” who are interested in the family firm.

“A family business, especially in the luxury area, is key for success,” he said. “When you are in a family you have two major advantages: one is you can think long-term. Like Louis Vuitton, for instance, I am not that much interested by the numbers of the next six months. What I am interested in is that the desire for the brand will be the same in 10 years as it is today. And the second advantage to being a family business is to hire people. Because when people come to LVMH, they do not come into a group with some anonymity, they come into a family. You are not just a little person in a big thing, you are a member of the family and you will be taken care of as such.”

His son Antoine Arnault, ceo of Berluti and chairman of Loro Piana, told the program that people imagine his father in a big tower with Excel sheets.

“It’s very far from reality,” said the younger Arnault. “His real interest is his family. Of course, he is a workaholic. He works a lot and he loves it. But as you might have seen, he also has fun with it. It’s not as serious as some might think up there.”

Bernard Arnault spoke about the success of LVMH and credited the quality of the product to the craftsmen and women behind it.

“We have a large campaign of hiring young people [who] sometimes are not thinking of becoming craftsmen or craftwomen,” he said. “But once we have given them the idea, and once we train them, we have a rate of success that is nearly 90 percent. And it’s very rewarding for us to see these young people as being so proud.”

He also said he tries to think of what LVMH can bring to a brand if it is looking to buy a brand. “What can the brand be? How can it be improved?” Arnault said. “Also, does it fit with the other brands? Is it a competitor? Most of the time it is a competitor, but does it fill a niche where we can see we are not very much present, and when that happens I must say we can move.”

Arnault also addressed who might succeed him at LVMH, and said it will be the best manager. “Not because he is a member of the family. But as I said, the group as a whole is a family, and so we will choose in the family who is the best. But I think I will be there for some years.”

Talking about his longtime boss and collaborator, Lagerfeld said Arnault has a very different personal side. “In life, he is exactly the opposite of what people think he is,” Lagerfeld said. “People who don’t know him have a completely different idea of the people who know him.”

Lagerfeld also talked about when he first met Arnault. “I met him when the Fendi takeover was in the air,” he recalled. “There were other people who wanted Fendi, too, but when I met him, I said to myself, ‘This one and nobody else’ and I was right. Fendi was a kind of mess then, but he said to me ‘Be patient,’ because I was ready to go. And he said, ‘No, no be patient, you will see.’ When he took over it was a difficult job. He invested in an unbelievable way and the numbers came back the way he expected.”

Wintour described Arnault as “a fascinating man. Obviously he’s quite hard to know,” she said. “He’s reserved, but also very direct and very clear: If there is something he wants you to be aware of, he doesn’t beat around the bushes, he’ll be very, very straightforward.”

She observed that Arnault is a very pensive person. “He’s always thinking, always thinking about the future. Not only about the iconic titles, but brands that he has. Dior was a ‘jolie madame’ house, you know that nice French ladies wore to lunch, and it was not in any way creating fashion, making fashion. There was no excitement around it. It was very staid and very safe.”

That brand could not be more different from Sephora, the French fragrance and beauty retailer that LVMH purchased in the late Nineties. Wintour added that with Sephora, “Everyone said he was crazy,” but she thought he was “completely ahead of the game.”

She also pointed out that she and Arnault share an admiration for tennis player Roger Federer.

“I think the happiest that I have ever seen Bernard was when his children secretly arranged for him to have a match with Roger,” Wintour said.

“And I swear he showed me the video, he acted it out stroke by stroke. And then just last week he was telling me about a more recent game that they had had. And at the end of the fifth game — it was five-zero, Roger said, ‘OK, well I’m gonna play now the way I would in a Grand Slam.’ So he stepped it up and all Bernard could talk to me about was the fact that he had actually won one point.”

Burke, meanwhile, called Arnault a dreamer. “He dreams big dreams,” Burke said. “And then he has the guts to go after those dreams. Sometimes, I try to tell him the dream is too big. But…he’s always right. The dreams are never big enough.”

The episode will air in the U.S. at 8:30 p.m. EST on April 27.

Apax Partners’ AMI Fund Invests $20 Million in Services Platform Global-e

LONDON — Apax Partners is looking at digital fashion and luxury from a number of perspectives, and not just focusing on the glamorous front end.
This week, the global private equity firm said its Apax Partners midmarket Israel fund, or AMI, a private equity fund that invests in buyout investments in Israel, has taken a stake in Global-e.
AMI has invested $20 million in Global-e, a top provider of cross-border e-commerce solutions with more than 100 brand partners in Europe, North America and Asia. Global-e works with the likes of Marks & Spencer, Charles Tyrwhitt, Monsoon/Accessorize, Etam and Zadig & Voltaire.
Although the size of the stake has not been disclosed, AMI is understood to have taken a minority share in Global-e, which helps brands and retailers to offer localized, online shopping experiences to more than 2 billion consumers internationally.
Its services include converting prices to local currencies, calculating taxes, offering fraud prevention and operating merchandise exchange centers.
Founded in 2013, Global-e has 150 employees. Its European headquarters is located in London and it also has offices in Paris and Barcelona. Its North American HQ is in New York and it also has an outpost in Los Angeles. Its R&D centers are located in Israel and

Follow WWD on Twitter or become a fan on Facebook.

Read More…

Bloomingdale’s to Show Working Moms Some Love

Bloomingdale’s is putting working mothers on a pedestal as it redoubles its Mother’s Day efforts to capitalize on National Retail Federation’s assertion that this will be a near-record year, with $23.1 billion in projected sales. The NRF and Prosper Insights & Analytics said an average of $180 per person will be spent on gifts for mom.
Mombosses, the theme of Bloomingdale’s multiplatform effort highlights working mothers in high-profile careers — they’re featured in a catalogue and in the windows of the 59th Street flagship in Manhattan. Among the women featured are Jessie Randall, founder and creative director of Loeffler Randall; Emma Grede, cofounder with Khloé Kardashian of size-inclusive apparel brand Good American, and Temple St. Clair, founder of the eponymous jewelry brand. Each woman shares her personal style and recalls her favorite Mother’s Day gifts.
According to the NRF survey, about $4.6 billion will be spent on jewelry for Mother’s Day, which will be bought by 34 percent of shoppers; $4.4 billion will be spent on meals such as dinners or brunches, 55 percent; $2.6 billion on flowers, 69 percent, and $2.1 billion on clothing, 36 percent.
Bloomingdale’s executive vice president and chief marketing officer Frank Berman said Mother’s Day 2018 has more moving parts than prior years,

Follow WWD on Twitter or become a fan on Facebook.

Read More…

Consumers Upbeat Again; Confidence Level Rises

Consumer confidence rose slightly in April after a decline in March.
The Conference Board’s Consumer Confidence Index now stands at 128.7, up from 127 last month. Both components of the Index saw a gain, with the Present Situation Index inching up to 159.6 from 158.1 and the Expectations Index up to 108.1 from 106.2.
Lynn Franco, director of economic indicators at The Conference Board, said, “Consumers’ assessment of current conditions improved somewhat, with consumers rating both business and labor market conditions quite favorably.”
Franco said that the percentage of consumers expecting their incomes to decline over the coming months has reached its lowest level since December 2000. That percentage is now at 6.8 percent, down from 7.2 percent last month, versus 6 percent in December 2000.
She also said “confidence levels remain strong and suggest that the economy will continue expanding at a solid pace in the months ahead.”
On the jobs front, consumers surveyed were more confident about their short-term prospects than current conditions. Those who said jobs were “plentiful” now fell to 38.1 percent from 39.5 percent, while those who believed jobs are “hard to get” declined to 15.2 percent from 15.7 percent. But over the short-term, or six months out, those who

Follow WWD on Twitter or become a fan on Facebook.

Read More…

Browns Brings Emerging Designers to the Forefront of Its Strategy

LONDON — Browns has historically been a pioneer when it came to supporting young talent, with its founder, Joan Burstein often talked about as the driving force behind the careers of John Galliano, Hussein Chalayan, Manolo Blahnik and many more.
While the retailer has undergone a major revamp to adapt to the needs of the social media generation, its focus remains on championing emerging designers — the only difference being that now the Browns team tends to use Instagram to communicate with these up-and-coming names, while scouting is no longer limited to the four fashion capitals but can stretch as far as South Korea and Georgia.
Since taking on the helm as women’s wear buying director, Ida Petersson has already brought a number of young talents onto the Browns platform, including Wright Le Chapelain, Blindness and Shu Shu Tong. She has also spearheaded exclusive collaborations with the likes of Michael Halpern and Conner Ives, who is still a student at Central Saint Martins.  
Now Browns is set to take its commitment to a new level, with the creation of a new department dedicated to scouting and, more importantly, providing support for young talent.
“I’ve always spoken about my passion for helping young designers, but we now

Follow WWD on Twitter or become a fan on Facebook.

Read More…

Success After Failures: Famous Titles that Went Through Multiple Rejections

Some of the very famous, all-time favorite books that greatly influenced the literary world and movie industry worldwide were, just like their authors, experienced failures. With rude rejections and criticisms you could have never imagined, famous titles emerged out of nowhere and moved many to tears and excitement.

For those who have followed through and became engrossed with these novels who took the world by storm, it is nearly of a necessity to review the struggles it faced before taking pride the fame it has.

If it weren’t for these ever famous titles, what legends could the movies of the 21st-century offer to the world?

Harry Potter and the Sorcerer’s Stone

harry potterBefore the millions of readers and fans, Harry Potter and the Sorcerer’s Stone first manuscript of J.K Rowling had been rejected by 12 publishers. Among those publishing houses that rejected Harry Potter was Penguin, TransWorld and Harper Collins. Who would have expected back then, that what J.K Rowling submitted would have earned more than it’s anticipated worth? The first agent to respond to her upon Harry Potter’s submission replied to her with, ‘My list is full. The folder you sent wouldn’t fit in the envelope,” which left Rowling totally dismayed. In her Twitter post, she added, “I really minded about the folder because I had almost no money and had to buy another one.”

Finding a publisher for the first of the many Harry Potter books to come had gone through a long and difficult journey. Christopher Little of the Christopher Little Literary Agents agreed to represent Rowling in finding publishers and got rejected 12 times until they found Bloomsbury. It was said that the book was barely accepted even by Bloomsbury but pursued anyway as the 8-year-old daughter of that small publishing house in England demanded to read the following pages after a chapter of review. Now, after seven books and a follow-up, blockbuster films for several years, the estimated worth of money Harry Potter series generated is $15 billion dollars with over 400 million copies sold worldwide and translated up to 67 languages.

It is impossible to live without failing at something, unless you live so cautiously that you might as well not have lived at all, in which case you have failed by default. 

– J. K. Rowling

The Notebook

Nicholas Sparks’ books have made anyone smile with the wonders of love and cry hard with the tragic and painful things life could sever love. The ever famous considered being one of the greatest tragics but very romantic love story put into paper, The Notebook was in fact not oblivious to rejections. The undying love told by the novel has shown the world its ultimate level. To think that this great debut novel of Sparks got rejected by 24 publishers until Teresa Park. The book was released in October 1996 and received a million dollar offer and placed first on New York Times’ best sellers for fictions in its first week.

Up until now, Sparks have been an icon to writing the best romantic novels out there. The Notebook later bore Sparks’ following works which could also come on par with it such as A Walk to Remember, Nights in Rodanthe, Dear John and The Last Song.

Twilight

twilightYou would surely be thrilled to know that the ever-so-popular conception of Edward and Bella’s love story began from Meyer’s dream. She stated in the “Confessions” of her book, the birth of twilight was a dream she had and awaken from on June 2, 2003. According to her, she dreamed of a couple in the woods, an average young girl and a sparkly good-looking vampire who could barely resist the scent of the girl’s blood. Now, there it is, one of the memorable scenes from Twilight.

Though with a very stimulating plot at that, Stephenie Meyer’s Twilight which swirled into fame and became a trailblazer to the vampire-themed and supernatural-with-romance genre for books and television shows did not escape receiving rejections in the onset of its journey. She remembered being quite bothered and nervous upon receiving a response at her hands from the 15 queries she sent out. The replies she received from those queries got the hopes out of her that even now with Twilight’s popularity she took those letters as a memento from the journey of it towards getting published. Twilight earned an estimated net worth of sales up to $1.8 billion from being a global box office hit and sold over 100 million copies worldwide.

Other Novels and Series

Other novels who belong to the list of novels considered to be legends that far moved people with its captivating plots but was initially rejected include: The Chronicles of Narnia by C.S. Lewis 37 times rejected, Da Vinci Code by Dan Brown was rejected with the words “badly written”, collection of real-life stories told Chicken Soup for the Soul rejected 140 times, Gone with the Wind by Margaret Mitchell rejected 38 times and many more titles to add.

It is a fact that a genuine pearl may seldom be recognized at first to be a treasure but it only takes a good eye to perceive it’s real worth.

The post Success After Failures: Famous Titles that Went Through Multiple Rejections appeared first on Game Of Glam.

Walgreens, Kroger Among Top Retailers in March ABX Index Ratings

Walgreens, Kroger and Aldi reached the top spots in the ABX Advertising Effectiveness Index for March. The top retailers tracked by ABX ran 621 new ads, which was well above the 465 ads that ran in February.
The ABX Index measures overall ad effectiveness across television, radio, digital, print and outdoor advertising. Each ad is rated by a consumer panel based on 15 variables with a score of 100 equaling “average effectiveness.” Awareness — or brand linkage — and “message” scores reflect the advertisement’s impact on audiences via its “reputation” and “call to action” scores.
Click here for a copy of the March 2018 Retailer Advertising Effectiveness Report for Retailers. 
Kroger’s “At the Kroger Three-Day Sale” campaign scored the number-one spot in television with its “bouncy” and “energetic spot” that featured buoyant music alongside imagery of jovial people and food. The ad saw high “reputation” and “action” scores at 220 and 248, respectively, as well as high ABX “gender equality index” scores. Its calls-to-action included “look for” at 195; “intent to purchase” at 198, and “recommend” at 195.
In radio, Walgreens’ “Spring Beauty Trends are Here…” spot scored “clear brand-linkage” illustrated by its 109 awareness score, and a message score of 121. Its call-to-action scores

Follow WWD on Twitter or become a fan on Facebook.

Read More…

Earn Extra Cash From Your Home

Are you always short of cash or just an unemployed person looking for an opportunity for some employment? Either way, you are at the right place! Here we have a list of the most popular and also the best online working opportunities. You don’t have to pay anything in advance since the registration process is free of charge, but you will have to previously register to some online payment platform, which is most commonly PayPal. Basically, all you have to do is register and start working.

SHORT TASK WEBSITES

HUMANATIC – a website where you can earn money by sorting (NOT making!) phone calls

Humanatic employs people from all over the world to review and sort phone calls. The first thing you have to have is a fully verified PayPal account (connected to a card or a bank account). This way they are able to check if you are a real person and not some kind of a robot. Then you have to register on their website providing your basic info together with a short text in English, which enables them to check your level of English. You will have to wait a few days for them to evaluate your application and when they eventually do, the reviewing can start immediately.

As a new reviewer you will have only two categories to handle, which are the least paid ones, but afterward, when you get some success in the process, you will unlock many categories which will have a higher paying rate. Your earning depends on your speed and accuracy, but it is possible to earn even 400$ a month if you are super accurate and if you work more than 8 hours a day.

ONE SPACE – a platform with a multitude of paid short tasks

First, you have to create an account on their site and fill in your basic info. Then you have to pass their qualification tests. These tests are not so easy, but it is possible to try them more than once. There are a few tests and every one has its own group of tasks. The moment you unlock the categories you can start working. Payments are automatically made daily, through your PayPal account even if you have earned only a few cents.

Their basic tasks are in the field of copywriting: moderating forums and commenting blogs on topical issues. Other possible tasks are about categorizing data, checking it for accuracy and even a transcription.

BECOME AN ONLINE TUTOR

There are many sites offering online tutoring jobs. For some of them a formal educational background or a teaching degree is mandatory, but for others, you don’t have to be a professional. You just have to have the ability to transfer the knowledge you have. Here is a list with a short description of some of the most popular tutoring sites.

TUTOR.COM hires freelancers to teach students who need help with their homework. This site is available only for the USA and Canadian citizens. No teaching experience is needed, but an expert level is mandatory, or at least the first year in college. The paying rate is between $9 and $13 for a tutoring session, bonuses available.

ITALKI – This is the most famous and probably the most flexible language learning site on the web. Here, it is possible to teach or learn any language in the world and even have a language partner free of charge. Anyone can join, with or without a language degree.

TUTORVISTA – It is open for teachers from around the world, but a Master’s degree in the subject is mandatory. Previous teaching experience is preferred.

CHEGG – One of the most popular tutoring sites on the web. Here no teaching experience is needed, but they work only with the professionals, if not graduated then students of the subject at least.

TRANSCRIPTION JOBS

Here is the same situation as with the online tutoring jobs – there is a multitude of transcription jobs and sites on the net. Yet, not all of them hire absolute beginners. As a matter of fact, most of them require previous experience in transcribing. This is the reason why we were searching for those who embrace newbies. Here is the list of a few of them which are always open to new applicants, even for those with zero years of experience in the field.

TRANSCRIBE ME –  You can work from any country in the world and can earn around $20 per audio hour.

TRANSCRIBE TEAM – Here you can earn around $0.45 per audio minute.

CASTING WORDS – This company pays around $1.20 per audio minute for a bad quality audio and $0.60 for a good quality audio track.

GET TRANSCRIBED – Transcribers in this company earn around $0.23 per audio minute. The reviewers get around $0.12 per audio minute.

The post Earn Extra Cash From Your Home appeared first on Game Of Glam.

Retail’s Quest for What’s Next Draws From Unlikely Places 

TUCSON, Ariz. — When Story founder and chief executive officer Rachel Shechtman asked a roomful of retail executives and students at the Global Retailing Conference Friday who had heard of ComplexCon, few hands shot up. Maybe it was too early for audience participation. 
Still, that a room of current and future industry executives hadn’t heard of one of the biggest mash-ups of retail, art, culture, music and sponsorships — which pulled in $20 million to $25 million in product sales at its most recent run in November — perhaps underscored one of the biggest takeaways of the annual two-day conference serving as a think tank for sitting and future retail leaders. That is, inspiration can come from some of the unlikeliest sources and convergence to create entertainment retail is inevitable. 
“If you take the fact that people want more for the limited time that they have and you think about the impact of technology over the last 20 years, it takes a lot longer to satiate certain interests or appetites,” Shechtman said in an interview. “What I loved about ComplexCon was it was a concert meets a conference meets a food hall meets shopping. And by the way, the shopping’s badass. You have

Follow WWD on Twitter or become a fan on Facebook.

Read More…

Major Retailers Refute ‘Extortion Scheme’ Lawsuit by Accused Shoplifters

Walmart Inc., Bloomingdale’s Inc. and Abercrombie & Fitch are facing a lawsuit in Northern California federal court claiming a purportedly theft-deterring third-party program for accused shoplifters that they no longer use was little more than extortion.   
A trio of unnamed shoppers is taking issue with the retailers’ alleged work with the Corrective Education Company, a privately held Utah-based business offering what it calls “restorative justice” programs and technology to retailers looking to unburden their internal security personnel, as well as reduce calls to local police over shoplifting incidents. Theft from retailers in 2017 accounted for $48.9 billion in lost revenue, or about 1.4 percent of total sales, according to research from the National Retail Federation. 
Through CEC’s offering, retailers give accused shoplifters an option when they are held by security: wait for the police and possibly face charges and arrest, or sign an admission of guilt and agree to pay between $400 and $500 to take a six to eight hour class online that is aimed to deter future theft.
“Those who choose the latter option (about 90 percent) are forced to make a substantial payment to CEC, a portion of which is kicked back to the participating retailer,” the shoppers wrote

Follow WWD on Twitter or become a fan on Facebook.

Read More…