How Louis Vuitton Got Humiliated Trying To Acquire Gucci

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  • čas přidán 18. 06. 2024
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    Louis Vuitton CEO, Bernard Arnault, is now the richest person in the world having toppled all of the tech billionaires like Elon Musk, Jeff Bezos, and Bill Gates. But, Bernard’s rise to the top was anything but elegant. Given that he didn’t found any of the companies that he now owns, his entire rise consists of corporate raiding, hostile takeovers, and aggressive deals. Bernard approached Gucci with this same mentality, but to everyone’s surprise, Gucci would put up the fight of their lives and successfully evade the clutches of Bernard. First, Gucci would dilute their stock by issuing new stock. This would make Bernard’s stake less and less valuable. Next, Gucci would assign this stock to employees through a stock compensation program. This way, a significant portion of stock would be locked up until the vesting period ends. And finally, Gucci would find a white knight savior to buy up a large enough stake in the company so that it would be impossible for Bernard to achieve a majority stake. This video tells the insane story of how Gucci was able to defend themselves from a hostile takeover and how Louis Vuitton got humiliated trying to acquire Gucci.
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    Timestamps:
    0:00 - Bernard Arnault
    2:05 - Friendly Fire
    5:19 - Hopeless Defense
    9:14 - Fight Fire With Fire
    12:23 - The Final Battle
    15:32 - The Aftermath
    Resources:
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Komentáře • 346

  • @oktokrush
    @oktokrush Před rokem +226

    on Wikipedia it also says that Pinault also offloaded his leading retail assets just to invest in Gucci. One hell of a gamble

  • @mikeschmitty4438
    @mikeschmitty4438 Před rokem +290

    if luxury is symbolic of anything, its definitely brutal backstabbing and image over morality... and look as good as possible while doing it.

    • @AmritenduRana31082000
      @AmritenduRana31082000 Před rokem +2

      Morality is a socialal construct depends from place to place and history

    • @J.o.s.h.u.a.
      @J.o.s.h.u.a. Před rokem

      ​@@AmritenduRana31082000 Why don't you go around killing random people, since it's just a social construct?

    • @PacmanBrunner
      @PacmanBrunner Před měsícem

      AND HIP HOP DOING CRIMES WHILE WEARING GUCCI HEADBANDS. CRIME CRIME CRIME STEAL HIPPA DA HOOPY

  • @cruz5327
    @cruz5327 Před rokem +720

    Proud to say I have not contributed a single dollar to that man's wealth 😀

    • @internet_userr
      @internet_userr Před rokem +97

      Money circulates... If you buy food, then the employees at the shop will get paid with that money, and they may choose to buy Luis Vuitton, pumping up its stocks, boom - You contributed

    • @philoslother4602
      @philoslother4602 Před rokem +58

      @@internet_userr what if..the employees there only make 150 dollars a month :D

    • @LogicallyAnswered
      @LogicallyAnswered  Před rokem +38

      😂

    • @Psychopatz
      @Psychopatz Před rokem +9

      @@internet_userr What a brutal answer lol

    • @bisty111
      @bisty111 Před rokem +21

      Also if you have a girlfriend or wife and you or they shopped at Sephora, you contributed.

  • @DoubleRBlaxican
    @DoubleRBlaxican Před rokem +159

    This honestly makes me respect Gucci a lot. If i were into designer clothes I would be buying Gucci, but I'm not so all I can say is, nice

    • @vijaysinghpatel3156
      @vijaysinghpatel3156 Před rokem +9

      Wait until you know the story behind the making of Gucci.

    • @aBsteezy
      @aBsteezy Před rokem +13

      @@vijaysinghpatel3156 true LV is angel compared to what gucci did over the years and in terms of quality and design gucci dont come even close to LV for the prices u pay

    • @marcocarlson1693
      @marcocarlson1693 Před rokem +5

      I go with Gucci anyday! This guy Arnault seems to never have created Anything in relation to the fashion industry. Just simply buys companies for a large conglomerate. Prefer the family run companies.

    • @Orin9139
      @Orin9139 Před rokem +7

      @@marcocarlson1693 Gucci is owned by the Kering group, so it is the same (smaller) as LVMH group owned by Arnault. If you like family run businesses you have Hermes that still has the founding family in its shareholders, Cuccinelli (luxury cashmere) , Armani, Versace(almost), Prada ,Missoni, Ferragamo and Conreliani.
      For me the best option is to go to your local tailor / leather artisan and will probably get the same quality for a fair price but with proper customer care.
      Cheers from Italy

    • @GemTappX
      @GemTappX Před rokem +1

      Gucci is for rich people.

  • @rohansampat1995
    @rohansampat1995 Před rokem +60

    gives "gucci gang" a whole new meaning

  • @Cyber_Chriis
    @Cyber_Chriis Před rokem +265

    What an amazing story and perfectly told!

  • @charlesmellon2129
    @charlesmellon2129 Před rokem +81

    They managed to avoid a takeover by the largest luxury group… by joining the 2nd largest one (and also french). And in both groups, brands still have a lot of autonomy anyway. Makes you wonder what was the real reason why they didn’t want to go with Arnault (personal?).

    • @googleinc6033
      @googleinc6033 Před rokem +24

      It's hard to understand if you're not French but some brands have different philosophy, like Hermes they are luxury brands but don't have the same mentality of LVMH of new money accessories. They think they have more noble strong brand and don't want to be a mass production lowering their quality for profits destroying their image in the process. Of course I know in some countries people don't see the difference between a brand like Hermes and Vuitton. Gucci kinda has been leaning LVMH mentality in the past decade.
      Another reason also is that if LVMH bought Gucci they would have most probably fired the current execs, and making their voting stake in the company less relevant, since the executives don't want that they will obviously fight for it, being part of the other smaller group is better for Gucci.

    • @willissudweeks1050
      @willissudweeks1050 Před 11 měsíci

      That’s beyond obvious nobody is wondering lol

  • @beatboxx0eternal
    @beatboxx0eternal Před rokem +24

    Bro I love this corporate content... hostile takeovers blocked? Chefs Kiss! Thank you and keep producing awesome content!

  • @Afraaz
    @Afraaz Před rokem +262

    The editing of this one is kinda weird. It's really "Jake Tran-esque" idk it just seems like every channel like this starts off having a unique style and then they all eventually converge into the same style of constant cuts and swipes with never ending intense music

  • @chomihai
    @chomihai Před rokem +87

    I bet he’s still not over it

  • @Mathdors
    @Mathdors Před rokem +14

    This was an incredible story. Thanks for telling it so well

  • @tigbuh1283
    @tigbuh1283 Před rokem +13

    My aunt works at LV bag factory here in the Philippines and guess what? We all have LVs bags, pouch and anything "bag like". The secret is if an item has a "defect" upon inspection, it will be thrown into a "recycling bin" or in the bin where they burn it. But these recycling bins are managed by co-workers and they've managed to be united on how, when and where to take things without the fear of being notice.... Anyone wants a bag or pouch or anything? I can send it to you.

  • @usayeed727
    @usayeed727 Před rokem +5

    I’m loving this direction of your channel. PLEASE keep up this great content!

  • @blah21
    @blah21 Před rokem +16

    Would love more of these corporate related videos

  • @mosimethula5733
    @mosimethula5733 Před rokem

    I've been subscribed for 2 years now. This is by far my favorite video from this channel

  • @Sniperification100
    @Sniperification100 Před rokem +7

    This sounds like a typical corporate TV show arc line. And it's astonishing how entertaining it is.

  • @oferimanuel7995
    @oferimanuel7995 Před rokem +23

    Fascinating - the case, and the moves in hostile take over offense and defence.

  • @danielvasquez3758
    @danielvasquez3758 Před rokem +13

    Another great video. Thanks brother!!

  • @minimalist_zero
    @minimalist_zero Před rokem +17

    Man I love this channel. This made my day and left me with a smile.

  • @llydrsn
    @llydrsn Před rokem +14

    Awesome video! The storytelling is really superb! Take a bow, that is a job really well done.

  • @blitzkr5329
    @blitzkr5329 Před rokem +32

    Great content, i have just discovered this channel last week and I´m only amazed with its quality.
    Keep doing this way

  • @RamSharma-90_64
    @RamSharma-90_64 Před rokem +31

    New to your channel, love your content and work.

    • @LogicallyAnswered
      @LogicallyAnswered  Před rokem +1

      Thank you so much Ram!

    • @RamSharma-90_64
      @RamSharma-90_64 Před rokem +6

      @@LogicallyAnswered you might not believe it, but I personally rank you amongst the absolutely very very top tier creators on CZcams.

  • @dunnetahl
    @dunnetahl Před rokem +1

    This was super cool. Probably my favourite of your videos so far. It's like the show Billions but in real life

  • @hansennoah1
    @hansennoah1 Před rokem +4

    This was such a ride, i could feel how De Sole felt in the tense and hard moments, and could feel the relief after the Pinault deal

  • @geezjunior
    @geezjunior Před rokem +6

    Great video! I’m happy more & more are learning of designer & especially Bernard, he’s the definition of monopoly man

  • @pranavgupta1416
    @pranavgupta1416 Před rokem +4

    This channel is a gem

  • @philipmurphy2
    @philipmurphy2 Před rokem

    Always great when Logically Answered uploads content.

  • @ryandoesyoutube6782
    @ryandoesyoutube6782 Před rokem

    Love this! It was like watching/listening to an action packed movie for 16 minutes!

  • @JoseSanchez0795
    @JoseSanchez0795 Před rokem +8

    And this is why I love this channel.

  • @fangirl1234fangirl
    @fangirl1234fangirl Před rokem +4

    Please make more corporate take over videos! I really enjoyed this one

  • @pre_instar
    @pre_instar Před rokem +2

    This story was fascinating and thrilling!

  • @RealmyTheMan
    @RealmyTheMan Před rokem

    your new editing style is amazing, keep it up!

  • @SirPoppy
    @SirPoppy Před rokem +6

    Love the new editing, makes it harder to drift off while watching and keeps me focused!

  • @lego_minifig
    @lego_minifig Před rokem +28

    This is one of my new favorite videos of yours. Great storytelling!

  • @emiliano_7
    @emiliano_7 Před rokem

    This video was good never backtracked it kept on getting more and more interesting

  • @avisix
    @avisix Před rokem

    These videos keep getting better

  • @clusterstage
    @clusterstage Před rokem +8

    When I heard arnault i thought it was the car.
    Turns out it was Renault.

  • @slomotrainwreck
    @slomotrainwreck Před rokem +1

    Good story!👍

  • @tangosierra911
    @tangosierra911 Před 24 dny

    My favourite episode ever! 💪🏻!

  • @airbender69
    @airbender69 Před rokem +4

    Was really cool and interesting story telling

  • @itsdhruvilshah
    @itsdhruvilshah Před rokem

    Hey man, sick video production.

  • @ambyjkl
    @ambyjkl Před rokem

    man those are some sick transitions, keep it up

  • @inkedbeast76
    @inkedbeast76 Před rokem +24

    I worked for two houses of LVMH and they were the absolute best company I’ve ever worked for. During the pandemic, full salaries were paid, extra money if we needed it. It’s also a very glamorous company as everyone is part of one thing that’s greatness and parties, free Louis and YsL, staff are able to stay at their wineries across the world. They’re pretty amazing.

    • @zacharyhenderson2902
      @zacharyhenderson2902 Před rokem +2

      So what? My full salary was paid at Walmart during the pandemic too

    • @nothomelessonyoutube
      @nothomelessonyoutube Před rokem

      ​@@zacharyhenderson2902 what job did you work at walmart?

    • @zacharyhenderson2902
      @zacharyhenderson2902 Před rokem

      @@nothomelessonyoutube at the beginning of the pandemic I was a store level Academy Trainer, and at the end of it I was an hourly Assistant Manager

  • @user-jd1cy9gp3q
    @user-jd1cy9gp3q Před rokem

    Awesome Story!

  • @draconic-2372
    @draconic-2372 Před rokem

    Damn you answer everyone that rlly cool

  • @harmonizinginjoy
    @harmonizinginjoy Před rokem +15

    Does knowing these brands are all owned by the same person(Bernard), make someone not want to buy these luxury products?

    • @LogicallyAnswered
      @LogicallyAnswered  Před rokem

      Hahaha

    • @remmymartinnn7092
      @remmymartinnn7092 Před rokem +2

      At least he doesn’t own the big players in the Swiss watch industry. Rolex or pateks of this world. Ill never buy designer clothes owned by lvmh but a Luxury watch that’s not hublot or lvmh owned for sure.

  • @macksphoenix1179
    @macksphoenix1179 Před rokem +10

    Great video. Absolutely mind blowing. Bernard Arnault is a Silent Titan.

  • @realfreedomofexpression748

    Always enjoy your videos. Unbias and factual. That's what media should be. And you also sum it up nicely

  • @EskiZagra
    @EskiZagra Před rokem +8

    It's amazing how many brands he owns and I use none of them...must be my bank account's fault!

  • @Melbnolan
    @Melbnolan Před rokem +2

    The French government did not allow the sale of Hermes to LVMH….Hermes is still independent

  • @kevlems
    @kevlems Před rokem +12

    Long time sub here, really love the content and excellent video. But please don't go too deep into this kind of fast pace content. I think your channel has already a unique style.
    Just my 2 cents. But I believe you will make the best decision to grow. Keep up the good work.

  • @SMPlyScott
    @SMPlyScott Před rokem

    This is a good one

  • @robweissman5952
    @robweissman5952 Před rokem +7

    Ya know... It's amazing how all these stories and big power players of the world are not well known to the public.
    This is the sort of stuff that shapes the world in which we live and most of the public is unaware of the games being played behind the scenes.

  • @Bighedass_
    @Bighedass_ Před rokem

    this was great

  • @billionaireinvestor
    @billionaireinvestor Před rokem

    Good video but unwatchable on my phone because your background music is too loud. I had to shut it off a few minutes into it. Might be just my phone but I'm pretty sure it's on other phones also.

  • @friction5001
    @friction5001 Před rokem +1

    I never knew this but it made me smile

  • @cuchareable
    @cuchareable Před rokem +5

    hermès is not owned by Lvmh

  • @Biscuit1rl
    @Biscuit1rl Před rokem +2

    lvmh dont own Hermes, They were issued a warning regarding a hostle take over.... Hermes stated that they would rather burn to the ground than allow LVMH take ownership

  • @sourabhmayekar3354
    @sourabhmayekar3354 Před rokem

    Good one

  • @phantsi_
    @phantsi_ Před rokem

    Loved it

  • @nicolasviard2252
    @nicolasviard2252 Před rokem +2

    It would have been a supertrust with nearly only one company on the market so not sure it would even have been allowed.

  • @rockyyz9591
    @rockyyz9591 Před rokem +12

    I would like more stories like this please

  • @Vedrajrm
    @Vedrajrm Před rokem +1

    I feel like there should be a movie for this

  • @utomocalvin
    @utomocalvin Před rokem +1

    12:06 Wouldn't other shareholders also be pissed if you dilute ~30% of their shares, and not just Bernard's, by giving it to the employees?
    Like there must be something that legally stopping any company's board to just create new shares and give all of them to the CEO and his cronies at the expense of the other shareholders no?

  • @mariajason3547
    @mariajason3547 Před rokem

    Its Like Watching KDRAMA
    I love it so much........
    I wish they could make 16 episodes Drama...
    Fantastic...
    Isn't Del sol convinced the last Family Owner of Gucci to sell only 6 months later,the company bounced back but the Family could no longer be the owners?

  • @ronque23
    @ronque23 Před rokem

    Not a fan of fashion brands, but I respect the power moves.

  • @eriottomakurashi
    @eriottomakurashi Před rokem

    Man that would be a tale a would tell my sons, it is so god dam dramatic I love it

  • @danycashking
    @danycashking Před rokem +3

    I hate gucci as a brand, but i now love it as a company

  • @noskape
    @noskape Před rokem +7

    Bro, bernard is the coolest guy. Arnault gang pull up 🙌🫴🤛skkrrrt

    • @antlerman7644
      @antlerman7644 Před rokem

      Do people actually talk like this? Fucking cringe.

  • @SD-vs4wx
    @SD-vs4wx Před rokem

    Heard Gucchi name in a rap song never knew it's the name of a 🛍️ company 😅😅

  • @dep7311
    @dep7311 Před rokem +4

    Frankly, I rather be invested in this kind of war than the other one

  • @Christianmingle420
    @Christianmingle420 Před rokem +9

    Makes me respect Gucci a bit more

  • @GoFastJames
    @GoFastJames Před rokem +1

    Most the brands are not what they use to be. LV not made as well same with Gucci, some items might be but most are not. Now one brand did keep the products well made more less they did't change quality wise is Hermès. Now I hope LVMH doest mess up Hermès.
    But back to LV to point out what items I found over the years have quality issues, wallets belts shoes sunglasses just name a few. Now the nike LV shoe collaboration the quality is there big time, so I question why not have that level on all the products like they use to long time ago and not just on limited products. And if ones to make limited products colors or styles like example evidence sunglasses and they keep braking with no way to fix with parts they should have.

  • @strateeg32
    @strateeg32 Před rokem +13

    Doesn't it suck that we live in a world where the richest man in the world is tied to fucking fashion.....
    So wonderful how we value things in this world. God, we humans are truly brilliant.

  • @youngandrestlessjean3634
    @youngandrestlessjean3634 Před 7 měsíci +1

    I'm not surprised Gucci did this. There is french fashion and then there is italian fashion. Italians don't want to be under french control.

    • @paulds65
      @paulds65 Před 16 dny

      Oh, right. You are aware of the fact that Gucci is part of the french Kering group and the CEO is François-Henri Pinault. Btw he is married to Salma Hayek (funny how women always fall in love with billionaires ;-))

  • @MoMo-cz3vr
    @MoMo-cz3vr Před 6 měsíci

    What was this what the Gucci movie was about? I haven’t seen it

  • @andrewdunbar828
    @andrewdunbar828 Před rokem

    Domenico De Sole is Italian so Sole is surely pronounced as two syllables and not as the bottom of a foot. Pinault too. It ought to sound more like pee-know.

  • @dr.saurabhsinghal
    @dr.saurabhsinghal Před rokem

    Good content. Narrated fabulously. But just too much editing and stock footage making it tasteless at points. e.g. from 5:25 to 5:40, the stock videos have been used to link the narration's every single phrase, which just makes it tasteless and distracting. please don't lose your touch, Logically team.

  • @saadmehdibennani9794
    @saadmehdibennani9794 Před rokem +1

    Fact check: Hermès isn’t owned by LVMH, it’s one of the few brands that is fighting absorption in the empire. There’s been long lasting feud between the two companies. However LVMH does own a minority stake in Hermes.

  • @dianadennis7225
    @dianadennis7225 Před rokem +1

    Ah! Tom Ford🔥

  • @TheYaq
    @TheYaq Před rokem +1

    Europe is crazy when it comes to fashion companys

  • @affandanish2594
    @affandanish2594 Před rokem

    I didn't knew these fashion brands also have bloodbath behind the scenes

  • @zebraboy
    @zebraboy Před rokem

    This story feels like Bollywood tantrum ,whatever it is but such a twists.❤❤

  • @ydcjydcj1724
    @ydcjydcj1724 Před rokem

    06:22 isn't that the Duchess of Sussex?

  • @jovanmitrovic8619
    @jovanmitrovic8619 Před rokem

    this new animations is way better

  • @vrj0
    @vrj0 Před rokem

    Very high journalistic quality in terms of research but very poor sound mixing. Sound effect too loud and your English ist a little bit difficult to understand for English as a 2nd language speakers. Just a honest feedback :)

  • @init_yeah
    @init_yeah Před rokem +6

    Keep your hands off my gucci

  • @flyingkitty3320
    @flyingkitty3320 Před 9 měsíci

    Most of the brands under that group didn’t get good management teams.... sad to say but it is true

  • @phoenix5054
    @phoenix5054 Před rokem +2

    Not just Gucci. They tried acquiring Hermes too, but that is less dramatic.

    • @jonnyfendi2003
      @jonnyfendi2003 Před rokem +1

      Yes but hes still trying to acquire Hermes. It’s considered the pinnacle of luxury goods.

  • @rubankarunakaran4683
    @rubankarunakaran4683 Před rokem

    You should reduce the background music it's so annoying and sometimes it is hard to connect to the story

  • @iandaniel1748
    @iandaniel1748 Před rokem +3

    Best thing to happen if build own business first hired anti takeover specialist 😊

  • @apexcapital1328
    @apexcapital1328 Před rokem

    LVMH does not own Hermēs, they own stocks in the company but is limited to 10% ownership. 😒

  • @gregorioj.salazarbibriesca7157

    Hey dope video .. good job my gf loved it 2

  • @eshwarprasad524
    @eshwarprasad524 Před rokem

    This should be made into a movie with more deama

  • @amackh1111
    @amackh1111 Před rokem +2

    Hermes isn’t owned by LVMH.

  • @smi2le4ever
    @smi2le4ever Před rokem

    I can’t like this video enough.

  • @Skhwe_The1
    @Skhwe_The1 Před rokem +1

    But Hermes is not under LVMH

  • @tibofordeyn1529
    @tibofordeyn1529 Před rokem

    Video quality is clearly increasing, keep it up.

  • @PJVist
    @PJVist Před rokem +1

    Louis Vuitton is known for not paying their employees well

  • @daal7767
    @daal7767 Před rokem

    Top. Notch.