Milestones in Luxury

The video discusses two major milestones for LVMH, the world's largest luxury company. LVMH's market cap reached $500 billion, making it the first European company to do so. The video also covers LVMH's acquisition of Tiffany's and the renovation of its flagship store. Bernard Arnault's family dynamics and succession planning are highlighted, aiming to avoid conflicts depicted in popular media.

Which company became the first European firm to reach a $500 billion market cap?

• Prada

• Chanel

• LVMH

• Gucci

Who is the leader of LVMH, known for acquiring luxury brands?

• Jeff Bezos

• Warren Buffett

• Elon Musk

• Bernard Arnault

In what year did LVMH acquire Tiffany's?

• 2021

• 2022

• 2020

• 2019

What was a significant challenge during the renovation of Tiffany's flagship store?

• Changing the store's name

• Hiring new staff

• Moving jewels to a safe place

• Finding a new location

What is Bernard Arnault's approach to avoid a difficult succession process?

• Selling the company

• Hiring external consultants

• Ignoring the issue

• Monthly power lunches with his children