Reacting to rare Bloomberg interview with Leena Nair, CEO of Chanel 😶 5 main takeaways
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- čas přidán 3. 06. 2024
- BONUS VIDEO FOR THE WEEK! Bloomberg just shared their rare interview with Leena Nair, and I had thoughts, and I hope to hear yours!
Bloomberg interview: • Chanel CEO Leena Nair ...
Previous videos about Chanel on my channel:
Chanel and profit margins: • Business professor bre...
Chanel and luxury segmentation: • Business professor exp...
Chanel and economic principles: • Chanel SHENANIGANS - B...
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I've never rushed so hard to get a video done so I apologize in advance for the choppy editing and possibly half-baked sentences lol. But I was just super excited when I saw Bloomberg drop an interview with Leena Nair. Plus if I waited to release this next weekend, who knows what we would've already moved on to lol. If you are a current or aspiring Chanel customer, I WOULD LOVE TO HEAR YOUR THOUGHTS (and if you have a channel, please make a video!). Thanks for watching!
"Stay quiet and blend in" is an Indian workplace cultural habit, particularly for women. Even if that advice wasn't overtly stated, it doesn't surprise me in the slightest that this is what she was encouraged to do growing up. It is truly remarkable that she, from a rural part of India, was "allowed" by her parents to pursue these opportunities. That took going against the grain of its time, and I'm quite certain she was told repeatedly not to make waves lest it jeopardize what they prob thought were already tenuous marriage prospects. The interview could've been more hard-hitting but her personal story is pretty amazing.
Loved your take on Leena's interview! Please keep in mind that Chanel is originally an Haute Couture house and handbags/small leather goods came much later almost as an after thought. Their main focus has always been Ready to Wear clothing which is very well made from my experience. Most clients are not aware of this simply because they don’t know or care to look into it.
The price increase is understanding due to how limited stock was and also due to many resellers are buying all of the stock not allowing genuine clients to get hold of the products they want easily. I don’t know when it will stop… but stock availability is getting better and I think it reinforces just how timeless Chanel is. If you take away Hermes’s 3 iconic handbags, I highly doubt many people would still be as interested in the brand. Whereas, Chanel has a variety of categories that not only compliment their main focus of clothing but also make the brand that much more interesting to invest in. Think their tweed suits, costume jewelry, fine jewelry, beauty and fragrance, camellias, etc.
Thank you for making this video. I can't even describe how different the level of critical analysis is in your video compared to some other vapid "reaction videos" to the same interviews
Aw, thank you for watching!
Thank you for making this response video so quickly! You have highlighted some of the discrepancies and contradictions so succinctly. I wish the interviewer had asked more pointed questions.
Thank you for this reaction. Chanel and I have no relationship to each other, lol, but I can answer your one question to your audience. One time I've heard advice akin to 'blend in' was in gov't work where there's often not much financial incentive for excellent performance and where 'your reward for good performance is just more work'. Head down and just do your work is a sentiment I've heard. Somewhat related to the 'quiet resignation', where you do just the minimum of what you were hired for, particularly in an environment that doesn't really reward going above and beyond. Thanks again.
Such a great video! I’m so looking forward to watching her interview next and thinking about what my own reaction will be…
Loved this video so much!!!! Thank you queen!!!! ❤❤❤❤❤
Fabulous recap
Loved this video!
This video is why I think CZcams is such a valuable platform. You can still love the product and not like the leadership and fantasy of why you love something, which can be just as important as knowing how “the sausage is made.” Well done pointing out the importance of staying on message as a CEO. I was also confused by her views on targeting a younger audience when the bar is now set at 11k per classic bag, and the RTW designs haven't moved the fashion needle much in the last decade.
Great video!
I don’t blame Nair, but I don’t think she’s been set up for success. The Wertheimers (the controlling stakeholders) likely wanted a very green female figure head as a hedge against bad publicity. She can serve as the face of Chanel, acting as a distraction while Chanel continues to raise prices while lowering quality for accessories. Chanel is also leaning heavily into courting HNW and UHNW people at the expense of aspirational customers. So Nair’s message that Chanel is for women and values new customers bc they make up 30% of all customers, rings hollow. Because she has no experience as a CEO and worse came from HR, she has no power internally to actually move the needle.
If you removed the word Chanel from the interview you wouldn’t even have known she was representing nor speaking about Chanel. So generic, overly prepared, and not relevant at all to the industry let alone Chanel.
You're right, that's such a good way to put it!
I just watched a video on the declining quality of Chanel Make up and can honestly say that Chanel is impressively consistent in disappointing me. This interview is just another one of those disappointments. Still, thank you for your recap and thoughts on the musings of this clearly misplaced „professional“ woman.
👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼
Coco Chanel is spinning in her throne in heaven ..Leena Nair is incompetent to talk about anything Chanel
First 🎉
This is late
I know this isn’t the point but bottega veneta as “teens first luxury bag” ??
What the fk…