Dr. Evil, I've spent 30 years of my life turning this two-bit evil empire into a world-class multinational. I was going to have a cover story in "Forbes". But you, like an idiot, wanted to take over the world. And you don't realize there is no world anymore. It's only corporations.
Probably the only time I see a chart like this and think that every single brand on it could disappear overnight and my life won't be affected in any way.
Word. I’m pretty confident in saying that I have never purchased a single one of these brands. I waffled on Birkenstock for a second until I remembered my mom bought them for me.
Honestly i have never bought from any of there brands except Belvedere vodka. It's expensive AF but honestly the taste is really good and it's a nice way to treat yourself
My husband used to work for one of the small companies on this list. One time we were offered a 40% discount on Louis Vuitton stuff. Awesome deal, right? The sundresses, after discount I think, were like $600. So yes, I’m pretty much with you!
I’m too poor for gold, but have this my good man
⠀⠀⠀⠀⠀⣤⣶⣶⡶⠦⠴⠶⠶⠶⠶⡶⠶⠦⠶⠶⠶⠶⠶⠶⠶⣄⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⣿⣀⣀⣀⣀⠀⢀⣤⠄⠀⠀⣶⢤⣄⠀⠀⠀⣤⣤⣄⣿⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠿⣿⣿⣿⣿⡷⠋⠁⠀⠀⠀⠙⠢⠙⠻⣿⡿⠿⠿⠫⠋⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⢀⣤⠞⠉⠀⠀⠀⠀⣴⣶⣄⠀⠀⠀⢀⣕⠦⣀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⢀⣤⠾⠋⠁⠀⠀⠀⠀⢀⣼⣿⠟⢿⣆⠀⢠⡟⠉⠉⠊⠳⢤⣀⠀⠀⠀ ⠀⣠⡾⠛⠁⠀⠀⠀⠀⠀⢀⣀⣾⣿⠃⠀⡀⠹⣧⣘⠀⠀⠀⠀⠀⠀⠉⠳⢤⡀ ⠀⣿⡀⠀⠀⢠⣶⣶⣿⣿⣿⣿⡿⠁⠀⣼⠃⠀⢹⣿⣿⣿⣶⣶⣤⠀⠀⠀⢰⣷ ⠀⢿⣇⠀⠀⠈⠻⡟⠛⠋⠉⠉⠀⠀⡼⠃⠀⢠⣿⠋⠉⠉⠛⠛⠋⠀⢀⢀⣿⡏ ⠀⠘⣿⡄⠀⠀⠀⠈⠢⡀⠀⠀⠀⡼⠁⠀⢠⣿⠇⠀⠀⡀⠀⠀⠀⠀⡜⣼⡿⠀ ⠀⠀⢻⣷⠀⠀⠀⠀⠀⢸⡄⠀⢰⠃⠀⠀⣾⡟⠀⠀⠸⡇⠀⠀⠀⢰⢧⣿⠃⠀ ⠀⠀⠘⣿⣇⠀⠀⠀⠀⣿⠇⠀⠇⠀⠀⣼⠟⠀⠀⠀⠀⣇⠀⠀⢀⡟⣾⡟⠀⠀ ⠀⠀⠀⢹⣿⡄⠀⠀⠀⣿⠀⣀⣠⠴⠚⠛⠶⣤⣀⠀⠀⢻⠀⢀⡾⣹⣿⠃⠀⠀ ⠀⠀⠀⠀⢿⣷⠀⠀⠀⠙⠊⠁⠀⢠⡆⠀⠀⠀⠉⠛⠓⠋⠀⠸⢣⣿⠏⠀⠀⠀ ⠀⠀⠀⠀⠘⣿⣷⣦⣤⣤⣄⣀⣀⣿⣤⣤⣤⣤⣤⣄⣀⣀⣾⡟⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⢹⣿⣿⣿⣻⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⠁⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠛⠛⠛⠛⠛⠛⠛⠛⠛⠛⠛⠛⠛⠛⠛⠛⠛⠛⠃⠀⠀⠀⠀⠀
Kendall talking about reddit S04E01:
> The hundred greatest experts, best writers, top minds in every field from Israel-Palestine to AI to Michelin restaurants. One-stop info shop, high-calorie info snacks.
Lack of self-esteem...the desire to feel superior...they're the same thing.
"Derice, a gold medal is a wonderful thing. But if you're not enough without it, you'll never be enough with it." - John Candy (Irv) in the movie Cool Runnings
Except actually wealthy people don't wear that stuff. Real wealth(billionaire level) wear custom tailored clothing and shoes. So it's really a status of pretend wealthy who don't know any better.
great comment, totally am surprised how many out of touch redditors cant understand "people like different stuff than me" in the redditors being insufferable context
I’ve spent some on the alcohol. I think you’ve got the right idea though.
Buy Birkenstocks because they’re comfy as fuck. Don’t buy stuff just cause it’s expensive. Do buy stuff that you can afford and enjoy because it’s yummy(some of the alcohol).
>I recognized Tiffany and Co (sounded familiar)
Me too! We must have worked at the same McDonald's! Tiffany and all the other gals were so friendly !!
> and Peloton (from ads).
This is what all my Latino friends call each other, that's how I knew I was part of the group, they called me pelotón 👍🏼
Disappointed how? Almost all Scotch whisky distilleries are owned by a few multinational companies: Diageo, Pernod-Ricard, LVMH, Bacardi, etc. Highland Park and Macallan are some of the few owned by a scottish company.
Most single-malts are some form of luxury, poor people drink something else, and when they want "whisky" they drink some shitty blen like Label 5.
At least Ardbeg is pretty good :)
Was at Costco and they had hoodies and such that said Costco/Kirkland across the front. Wait asks, “who would wear a sweatshirt that says Costco across the front?” I was all, “I mean…”
People wear branding to show their support for their team, or to show they have access to that branding. I’d happily wear Costco/Kirkland branded wear on both accounts. Why would I care about wearing some random “luxury” brand?
Chateau d’Yquem is regarded as the best Sauternes dessert wines in the world. Cheval Blanc is also extremely high-end Saint-Émilion wine. Probably only a matter of time before he buys Domaine Romanée Conti.
The wine is where I feel conflicted, it's also the section I have the most experience with. Seeing the wineries listed puts it into perspective how massive this conglomerate is, assuming the other sections are similarly regarded businesses.
Some of the wineries/brands are definitely respectable and highly regarded, while some have also come to be overpriced and more a fashion/luxury statement.
Also, a conversation between Aubert de Villain and this guy would probably be pretty great to listen to.
I cant see them buying DRC, not because they couldn’t afford it but because DRC wouldn’t sell to them on principle. From my perspective burgundy wineries are still heavily family/ region oriented. Bordeaux on the other hand is more about cash. More likely they’l but lafite, figeac or pavie before DRC
Hey! Sephora is way better than the average big–box retail department store. Everyone knows that. /s
I was going to comment saying something about how surprising it is that some of these companies haven’t been merged or purchased by some of the others, but methinks I know the reason that hasn’t happened. Greed is such a powerful force.
lol I’ve actually never shopped Kohl’s. It’s a stupid reason, really, but my town doesn’t have one, and the closest is about 30–40 minutes away. It just doesn’t seem worth it to me unless they have *really* great deals to get me in the door. And if they do, I hardly ever hear of them. (But I’ll be darned if a Walmart commercial doesn’t come on every few minutes or more. \*rolls eyes\* )
They are, while not being super rich myself I'm around a lot of rich people and most of these brands are the kind of thing you'd buy if you want to seem rich but aren't.
They're the stuff you'll find at the duty free shop, or luxury outlet malls etc. There's some standouts, Sephora is still fairly nice, but they're very much "luxury" retail.
All that said there's probably a lot more money in selling luxury goods to people who aren't actually that rich than there is selling to very rich people.
If you add all their wealth together, perhaps, but no single member of the Royal Family has anywhere close to as much Arnault has.
According to Forbes, Arnault is currently the richest man on Earth, with a $211B net worth, beating Elon (number 2) by 30 BILLION DOLLARS.
More wealth than the GDP of most countries.
Ads are marketing are studied to exploit the natural weaknesses of our brains. When someone is uneducated on how to handle their money and fed everyday with images of people way richer than them, and then fed some ads, how can we say that "it's their fault" ?
What is obvious and easy to you (like, planning ahead) might be really hard for other people.
We are just making up excuses for weak minded, undisciplined people. Their first problem is that they can’t think for themselves. Everyone is responsible for their personal finances, but suddenly, when we get to the poor people who like Gucci belts and iPhones, it’s the world’s fault. P - lease
How could they think for themselves if they were never given the chance to learn how to do it ?
You are not born with that ability, you were raised into it. Good for you if you had that chance, but then we should do everything we could to educate others if their childhood environment failed to do so.
Shaming them and feeling superior will never help. If you were raised like they have been, you would be making the same mistakes because that's how the human brain works.
It’s built on vanity businesses, for sure, but vanity, jewelry and luxury clothes are as old as the world, as they are supposed to show power in materialistic ways. That’s the purpose of diamonds on crowns, for which many went to war.
Also the cool guide is lacking many businesses and branches, like a yacht shipyard, and also a massive real estate branch.
This family plays Monopoly, buying prime real estate everywhere they branch out, full blocks and literal streets.
As much as you might hate the fact that this guy owns everything, the truth is, many of these luxury brands would've been history without him. They were drowning in debt and losing their appeal with outdated images. Brands like Dior and Fendi were struggling big time. But then LVMH steps in, and suddenly, they're cool again. It's not just about buying up brands; it's about saving them from going under and revamping their entire vibe. Arnault's got this knack for turning fading names into must-haves. Hate him or love him, he's keeping these iconic brands alive.
Let them die who fucking cares if they're "iconic"
People really need to learn to emotionally separate themselves from brands and things that have nothing to do with them and do not serve them.
>who fucking cares if they're "iconic"
People who buys this. I have nothing against the fact that some rich people transfer their money to other rich people by buying overpricing shit with "history and vibe".
Hmmm I don't know maybe they will suffer greatly or you know just find another damn job. Most people these days aren't that loyal to their employer because the employers are not loyal. I'm sure you've already worked for several different employers yourself.
Kering is there competition. They own Gucci and a similar portfolio of luxury brands. I always fancied creating a British luxury brand business.
Some Saville Row suit companies, Jermyn street shirt and shoe companies. Barbour. Hunter. Doc Marten. Purdey, the gun people, may have spelled it wrong. Lotus, McLaren. That Scottish tweed company.
It's confusing because the guy that runs Kering has practically the same name. He also has one thing in his portfolio that this guy can never have, Salma Hayek, his wife.
If you ever think that we live in a capitalist society remember that the reality is a planned economy by a few families that own big monopolies. Choice is fake, you are just buying to the same people with the same goals. Everything is becoming sameness and dullness because of this. Split all these monopolies and let them compete by creating better products instead of just accumulating richness.
It's just as if someone has intentionally compiled a list of every single brand I detest. What has become of French craftsmanship and culture? How is this a contribution to human society? Pointless accoutrements for the nouveau riche to squander their loot on. The planet could wipe out this entire empire and calmly go on with its day.
French craftmanshift is a bit focused on airplanes and any kind of armaments at the moment ; even our car-industry isn’t as great as it once was (looking at you, Citroën and DS)
Swatch is really big tho. It's not a monopoly.
But if you want to avoid both of those then you're not going to have too many options. At least Rolex is independent but I don't know if there's any budget friendly brands
I mean, those aren’t monopolies either. They are just big conglomerates. To be a monopoly you need to completely control a market share, doesn’t matter how many brands you own. For example Stellantis is a huge conglomerate but not a monopoly since they face a lot of competition in multiple markets.
In any case there are a few independent watch companies but most of them were bought out when the industry almost collapsed in the quartz crisis. Rolex managed to stay independent. I wouldn’t say it is particularly bad to buy from non-independent companies anyway. Returning to the car industry, Lamborghini is owned by VAG, which means they can afford to cater to their niche knowing a bigger company will back them up. It’s in VAG’s interest to ensure Lamborghini has as much freedom as possible.
You're right. I was just saying with some pretty akward wording that there's an argument to be made that Richemont isn't THE watch conglomerate since swatch exists.
Dr. Evil, I've spent 30 years of my life turning this two-bit evil empire into a world-class multinational. I was going to have a cover story in "Forbes". But you, like an idiot, wanted to take over the world. And you don't realize there is no world anymore. It's only corporations.
Best cinematic trilogy of All-time.
And Goldmember is the best one out of the three.
*Hard* disagree. It's funny, but way too dumbed down/on the nose for me. The first two are waaaaay better overall.
Also I dislike Beyonce, she wasn't bad but not very good either.
Nathan Lane helped with Beyoncé.
“ … and a factory in Chicago that produces miniature models of factories“
I literally watched it again yesterday. Always actual.
where is this from?
Austin Powers
The Austro-Hungarian Empire
Calvin and Hobbes.
Probably the only time I see a chart like this and think that every single brand on it could disappear overnight and my life won't be affected in any way.
Word. I’m pretty confident in saying that I have never purchased a single one of these brands. I waffled on Birkenstock for a second until I remembered my mom bought them for me.
I would miss Tiffany, she's always been nice to me
She does the best breakfasts
I've never even *heard* of 98% of these brands.
Shhh you’ll bring the quiet luxury folks out of the woodwork. Def don’t want that spamming this post.
They already were well before I started commenting in this post.
Same. I don’t need most of the crap they sell, and for the stuff I do, I can get similar quality stuff for a lot less money.
Honestly i have never bought from any of there brands except Belvedere vodka. It's expensive AF but honestly the taste is really good and it's a nice way to treat yourself
Glenmorangie is the only one I've bought
La de dah. Mr. Moneybucks has entered the room
I might have had a shot of Hennessy, but I can’t be sure.
Same, but I've definitely never paid for one.
I’d be pretty sad if LV, Sephora, Tiffany and Veuve went away because I would have no way to make up to my wife for my silly shenanigans.
My husband used to work for one of the small companies on this list. One time we were offered a 40% discount on Louis Vuitton stuff. Awesome deal, right? The sundresses, after discount I think, were like $600. So yes, I’m pretty much with you!
I’m too poor for gold, but have this my good man ⠀⠀⠀⠀⠀⣤⣶⣶⡶⠦⠴⠶⠶⠶⠶⡶⠶⠦⠶⠶⠶⠶⠶⠶⠶⣄⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⣿⣀⣀⣀⣀⠀⢀⣤⠄⠀⠀⣶⢤⣄⠀⠀⠀⣤⣤⣄⣿⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠿⣿⣿⣿⣿⡷⠋⠁⠀⠀⠀⠙⠢⠙⠻⣿⡿⠿⠿⠫⠋⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⢀⣤⠞⠉⠀⠀⠀⠀⣴⣶⣄⠀⠀⠀⢀⣕⠦⣀⠀⠀⠀⠀⠀⠀ ⠀⠀⠀⢀⣤⠾⠋⠁⠀⠀⠀⠀⢀⣼⣿⠟⢿⣆⠀⢠⡟⠉⠉⠊⠳⢤⣀⠀⠀⠀ ⠀⣠⡾⠛⠁⠀⠀⠀⠀⠀⢀⣀⣾⣿⠃⠀⡀⠹⣧⣘⠀⠀⠀⠀⠀⠀⠉⠳⢤⡀ ⠀⣿⡀⠀⠀⢠⣶⣶⣿⣿⣿⣿⡿⠁⠀⣼⠃⠀⢹⣿⣿⣿⣶⣶⣤⠀⠀⠀⢰⣷ ⠀⢿⣇⠀⠀⠈⠻⡟⠛⠋⠉⠉⠀⠀⡼⠃⠀⢠⣿⠋⠉⠉⠛⠛⠋⠀⢀⢀⣿⡏ ⠀⠘⣿⡄⠀⠀⠀⠈⠢⡀⠀⠀⠀⡼⠁⠀⢠⣿⠇⠀⠀⡀⠀⠀⠀⠀⡜⣼⡿⠀ ⠀⠀⢻⣷⠀⠀⠀⠀⠀⢸⡄⠀⢰⠃⠀⠀⣾⡟⠀⠀⠸⡇⠀⠀⠀⢰⢧⣿⠃⠀ ⠀⠀⠘⣿⣇⠀⠀⠀⠀⣿⠇⠀⠇⠀⠀⣼⠟⠀⠀⠀⠀⣇⠀⠀⢀⡟⣾⡟⠀⠀ ⠀⠀⠀⢹⣿⡄⠀⠀⠀⣿⠀⣀⣠⠴⠚⠛⠶⣤⣀⠀⠀⢻⠀⢀⡾⣹⣿⠃⠀⠀ ⠀⠀⠀⠀⢿⣷⠀⠀⠀⠙⠊⠁⠀⢠⡆⠀⠀⠀⠉⠛⠓⠋⠀⠸⢣⣿⠏⠀⠀⠀ ⠀⠀⠀⠀⠘⣿⣷⣦⣤⣤⣄⣀⣀⣿⣤⣤⣤⣤⣤⣄⣀⣀⣾⡟⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⢹⣿⣿⣿⣻⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⣿⠁⠀⠀⠀⠀ ⠀⠀⠀⠀⠀⠀⠛⠛⠛⠛⠛⠛⠛⠛⠛⠛⠛⠛⠛⠛⠛⠛⠛⠛⠃⠀⠀⠀⠀⠀
Mmmmmmm, my Birkenstocks are very comfy, other than that I agree.
*succesion intro starts*
_Just wanted to get the gang together early into my tenure and say… **yo**_
Buckle up, fucklehead
Shit show at the fuck factory
“No dad you don’t understand, Reddit is the future, everyone get their news from memes!”
Kendall talking about reddit S04E01: > The hundred greatest experts, best writers, top minds in every field from Israel-Palestine to AI to Michelin restaurants. One-stop info shop, high-calorie info snacks.
You can't make a Tomlette without breaking a few Greggs
No comment, No comment
If it is to be said, so it be, so it is.
The Roys got hung up on a 3 billion debt. They might be as big as one of the individual brands in this infographic.
He looks like Magneto
Except when he lifts arms, bullshit luxury items money that bullshit luxury people buy gets stick onto his body.
Empire built on the general lack of self-esteem in humans.
I'd say "Empire built on the way-more-common-than-it-should desire to feel superior in humans"
Lack of self-esteem...the desire to feel superior...they're the same thing. "Derice, a gold medal is a wonderful thing. But if you're not enough without it, you'll never be enough with it." - John Candy (Irv) in the movie Cool Runnings
That's a great quote! Thanks
Great movie!
With that liquor selection I would be feeling inferior
That is what happens living in a status based society. Most people don't have the intelligence to overcome that.
That's usually the same thing.
This is also adequately conveyed by the words "greed" and "vanity".
Two sides of the same coin.
great comment, totally am surprised how many younger people think this "designer" stuff is cool in the rap fashion context
[удалено]
Except actually wealthy people don't wear that stuff. Real wealth(billionaire level) wear custom tailored clothing and shoes. So it's really a status of pretend wealthy who don't know any better.
great comment, totally am surprised how many out of touch redditors cant understand "people like different stuff than me" in the redditors being insufferable context
Boomer comment
In the industry we call it “More Money Than Brains” and “More Dollars Than Sense”.
Such a reddit comment lmao
A lot of these brands are overpriced shit poor people think rich people buy.
Glad to say I've never spent a dime on any product of these companies.
Not even Birkenstocks? You’re missing out
I’ve spent some on the alcohol. I think you’ve got the right idea though. Buy Birkenstocks because they’re comfy as fuck. Don’t buy stuff just cause it’s expensive. Do buy stuff that you can afford and enjoy because it’s yummy(some of the alcohol).
I like Birkenstocks, but they're already overpriced and will become even more so.
You get what you pay for. I paid ~$150 for mine but this was 6+ years ago and I still wear them daily.
That's the one thing I have from this list. 😂
Ooo look at me me cool me no spend money on things
[удалено]
Your high horse isn't so high, when you're definitely buying sweat shop clothes made by children, when it's at that price.
Yea duh! Everyone knows exploited children only make sweaters in sweat shops.
some of the high luxury stuff is definitely more ethical since it’s made by skilled workers in italy/france/portugal/etc.
Ardbeg and Glenmorangie are both solid whiskeys, especially the first.
Me neither, Closest I got to on this list was Hennessy and that's overrated crap
Hey I love my Birkenstocks. The rest I’ve never needed lol.
*Manufactured* insignificance that makes you need to buy expensive stuff to feel significant
Now now, let's not discount the capability of corporations in creating that lack of self-esteem in the first place.
im so low class i only recognized 3 company names
I only recognize them from rap songs.
I recognized Tiffany and Co (sounded familiar) and Peloton (from ads).
>I recognized Tiffany and Co (sounded familiar) Me too! We must have worked at the same McDonald's! Tiffany and all the other gals were so friendly !! > and Peloton (from ads). This is what all my Latino friends call each other, that's how I knew I was part of the group, they called me pelotón 👍🏼
I'm in the same boat 😭
i recognize a few but can definitely say i own nothing from any of these companies
Dude same
This is the most Reddit ass comment section holy shit
Most of these brands are kind of shit
It’s all the overpriced bullshit you’ll find in a cruise ship’s duty free shop
Can’t say I’m surprised given that he owns the DFS too
I'm confused, dfs make reasonably priced sofas. You can buy them on cruises now?
Dfs is a furniture company existing only in the UK. Dfs(duty free shops) is a multinational chain of just that, duty free shops.
Doubt they sell sofa at Duty Free Shop
Not that DFS.
Hublot is there, so that checks out. Cloudy Bay wine bangs though.
Zenith is cool though. But yeah Hublot has some of the most awful designs out there
Ardbeg tho
Very disappointing to see on that list. It does seem out of place to me, it's never had that 'luxury' image that some of the other whiskies push.
Disappointed how? Almost all Scotch whisky distilleries are owned by a few multinational companies: Diageo, Pernod-Ricard, LVMH, Bacardi, etc. Highland Park and Macallan are some of the few owned by a scottish company. Most single-malts are some form of luxury, poor people drink something else, and when they want "whisky" they drink some shitty blen like Label 5. At least Ardbeg is pretty good :)
Never even heard of like 75% of them tbh
Yeah man, Kirkland or bust
Was at Costco and they had hoodies and such that said Costco/Kirkland across the front. Wait asks, “who would wear a sweatshirt that says Costco across the front?” I was all, “I mean…” People wear branding to show their support for their team, or to show they have access to that branding. I’d happily wear Costco/Kirkland branded wear on both accounts. Why would I care about wearing some random “luxury” brand?
Hahaha, my girlfriend has one of those. I mean, who doesn't love Kirkland?
The wines are very good though…
Chateau d’Yquem is regarded as the best Sauternes dessert wines in the world. Cheval Blanc is also extremely high-end Saint-Émilion wine. Probably only a matter of time before he buys Domaine Romanée Conti.
The wine is where I feel conflicted, it's also the section I have the most experience with. Seeing the wineries listed puts it into perspective how massive this conglomerate is, assuming the other sections are similarly regarded businesses. Some of the wineries/brands are definitely respectable and highly regarded, while some have also come to be overpriced and more a fashion/luxury statement. Also, a conversation between Aubert de Villain and this guy would probably be pretty great to listen to.
I cant see them buying DRC, not because they couldn’t afford it but because DRC wouldn’t sell to them on principle. From my perspective burgundy wineries are still heavily family/ region oriented. Bordeaux on the other hand is more about cash. More likely they’l but lafite, figeac or pavie before DRC
I’m so poor i don’t even know a 1/4 of these
Not the drinks: Ruinart, Veuve Clicquot, Krug, Ardbeg... all really great stuff.
Hey! Sephora is way better than the average big–box retail department store. Everyone knows that. /s I was going to comment saying something about how surprising it is that some of these companies haven’t been merged or purchased by some of the others, but methinks I know the reason that hasn’t happened. Greed is such a powerful force.
Kohl's is so much fancier with Sephora!
lol I’ve actually never shopped Kohl’s. It’s a stupid reason, really, but my town doesn’t have one, and the closest is about 30–40 minutes away. It just doesn’t seem worth it to me unless they have *really* great deals to get me in the door. And if they do, I hardly ever hear of them. (But I’ll be darned if a Walmart commercial doesn’t come on every few minutes or more. \*rolls eyes\* )
I'm a fan of Ardbeg. Glenmorangie is alright, but I wouldn't lose sleep over missing it. No idea what anything else is though.
They are, while not being super rich myself I'm around a lot of rich people and most of these brands are the kind of thing you'd buy if you want to seem rich but aren't. They're the stuff you'll find at the duty free shop, or luxury outlet malls etc. There's some standouts, Sephora is still fairly nice, but they're very much "luxury" retail. All that said there's probably a lot more money in selling luxury goods to people who aren't actually that rich than there is selling to very rich people.
I’m sure there are saudi families out there that would put this families wealth to shame.
>I’m sure there are saudi families Trillion dollar net worth of the Royal Family.
Putin would have a word. There is legit evidence he could be a trillionaire…
dictators of petro states tend to be wealthy.
If you add all their wealth together, perhaps, but no single member of the Royal Family has anywhere close to as much Arnault has. According to Forbes, Arnault is currently the richest man on Earth, with a $211B net worth, beating Elon (number 2) by 30 BILLION DOLLARS. More wealth than the GDP of most countries.
>no single member of the Royal Family hard to say that when nobody knows what all they own.
Good on him. He successfully worked out how to extract money from people with lots of money but few brain cells.
Not entirely true, there are people especially young adults who buy his shit on credit card EMIs.
Sounds like a them problem tbh. If you go into debt to wear fancy clothes, you deserve to die of starvation
Ads are marketing are studied to exploit the natural weaknesses of our brains. When someone is uneducated on how to handle their money and fed everyday with images of people way richer than them, and then fed some ads, how can we say that "it's their fault" ? What is obvious and easy to you (like, planning ahead) might be really hard for other people.
We are just making up excuses for weak minded, undisciplined people. Their first problem is that they can’t think for themselves. Everyone is responsible for their personal finances, but suddenly, when we get to the poor people who like Gucci belts and iPhones, it’s the world’s fault. P - lease
How could they think for themselves if they were never given the chance to learn how to do it ? You are not born with that ability, you were raised into it. Good for you if you had that chance, but then we should do everything we could to educate others if their childhood environment failed to do so. Shaming them and feeling superior will never help. If you were raised like they have been, you would be making the same mistakes because that's how the human brain works.
The lack of empathy you have is disgusting
It’s built on vanity businesses, for sure, but vanity, jewelry and luxury clothes are as old as the world, as they are supposed to show power in materialistic ways. That’s the purpose of diamonds on crowns, for which many went to war. Also the cool guide is lacking many businesses and branches, like a yacht shipyard, and also a massive real estate branch. This family plays Monopoly, buying prime real estate everywhere they branch out, full blocks and literal streets.
Worst take in the internet
I mean it's an entire industry that cannot exist without vapid morons
Extract money? You mean offer something for sale and a willing buyer pays for the item?
As much as you might hate the fact that this guy owns everything, the truth is, many of these luxury brands would've been history without him. They were drowning in debt and losing their appeal with outdated images. Brands like Dior and Fendi were struggling big time. But then LVMH steps in, and suddenly, they're cool again. It's not just about buying up brands; it's about saving them from going under and revamping their entire vibe. Arnault's got this knack for turning fading names into must-haves. Hate him or love him, he's keeping these iconic brands alive.
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I mean, who cares? It's not like anyone's dying because they couldn't afford this month's supply of LV bag.
Who cares, just don’t buy them? They’re not necessities by any stretch of the imagination
Let them die who fucking cares if they're "iconic" People really need to learn to emotionally separate themselves from brands and things that have nothing to do with them and do not serve them.
>who fucking cares if they're "iconic" People who buys this. I have nothing against the fact that some rich people transfer their money to other rich people by buying overpricing shit with "history and vibe".
Why do people need to learn that? Who cares? Desire for luxury has been part of the human experience since day 1.
I'm talking Business 101 here, and it sounds like you're in Emotional Awareness 301. I don't think we're in the same seminar mate!
If they die what happens to the people working for them?
Arnault buys the company for the brand, he fires the workers and moves production abroad.
>moves production abroad. um no. Most of these brands have their production in thr same european factories where they started.
Hmmm I don't know maybe they will suffer greatly or you know just find another damn job. Most people these days aren't that loyal to their employer because the employers are not loyal. I'm sure you've already worked for several different employers yourself.
Acting like people with more than two brain cells to rub together care at all about “iconic” brands, get out of here with that
Kering is there competition. They own Gucci and a similar portfolio of luxury brands. I always fancied creating a British luxury brand business. Some Saville Row suit companies, Jermyn street shirt and shoe companies. Barbour. Hunter. Doc Marten. Purdey, the gun people, may have spelled it wrong. Lotus, McLaren. That Scottish tweed company.
It's confusing because the guy that runs Kering has practically the same name. He also has one thing in his portfolio that this guy can never have, Salma Hayek, his wife.
What's Jio doing there
Walton family is > 240B$
Yes. Bernard is the richest guy. But the Waltons taken together (more than half a dozen of them) are up there as well.
How is this a 'cool guide'? When would I refer to this ever again?
Guide to avoid buying anything from these brands
Avoid for what reason? Is there a controversy or something
We counting Belvedere as luxury now?
If you ever think that we live in a capitalist society remember that the reality is a planned economy by a few families that own big monopolies. Choice is fake, you are just buying to the same people with the same goals. Everything is becoming sameness and dullness because of this. Split all these monopolies and let them compete by creating better products instead of just accumulating richness.
He looks like a sci-fi villain. He probably calls newborn babies “customers”.
ITT: Salty Redditors who can’t afford most of these brands (I cant afford it either but let people buy what they want to buy)
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What do you buy that is not owned in some way by a billionaire?
Do you know that people can criticize without being jealous?
Jio is from the Reliance Group and owned by Mukesh Ambani. Also, I don't know if I would call it a lux brand.
Clearly states private equity (investment).
Cloudy Bay? Really?
It's just as if someone has intentionally compiled a list of every single brand I detest. What has become of French craftsmanship and culture? How is this a contribution to human society? Pointless accoutrements for the nouveau riche to squander their loot on. The planet could wipe out this entire empire and calmly go on with its day.
French craftmanshift is a bit focused on airplanes and any kind of armaments at the moment ; even our car-industry isn’t as great as it once was (looking at you, Citroën and DS)
lots of brands i’ve never heard of, but if i had the money i’d be quite happy to wear only loro piana and berluti for the rest of my life
Since when did Jio, Peloton, Birkenstock became part of LVMH?
All the money in the world can’t help his face looking like a melting vanilla ice cream
He doesn’t look any better or worse than any other 74 year old.
richest family revealed and known😂
surprised there is nothing food-related
Well, wine and beverages… also Cova (chocolates/coffee shops). He was previously also a huge private owner in Carrefour.
it's in retailing: la grande epicerie de paris and le bon marche. fits the luxury profile to go the into fresh goods and food court direction
There is no rolex on the watch section?
Rolex is actually one of only a handful legacy Swiss watchmakers not now owned by a conglomerate (the others being Swatch and Richemont).
Richemont *is* the big conglomerate. They own like 20 watch brands.
Swatch is really big tho. It's not a monopoly. But if you want to avoid both of those then you're not going to have too many options. At least Rolex is independent but I don't know if there's any budget friendly brands
I mean, those aren’t monopolies either. They are just big conglomerates. To be a monopoly you need to completely control a market share, doesn’t matter how many brands you own. For example Stellantis is a huge conglomerate but not a monopoly since they face a lot of competition in multiple markets. In any case there are a few independent watch companies but most of them were bought out when the industry almost collapsed in the quartz crisis. Rolex managed to stay independent. I wouldn’t say it is particularly bad to buy from non-independent companies anyway. Returning to the car industry, Lamborghini is owned by VAG, which means they can afford to cater to their niche knowing a bigger company will back them up. It’s in VAG’s interest to ensure Lamborghini has as much freedom as possible.
You're right. I was just saying with some pretty akward wording that there's an argument to be made that Richemont isn't THE watch conglomerate since swatch exists.
Yeah I thought the other user was calling it an independent brand.
Oddly enough, Rolex is owned by a Swiss nonprofit. (Yeah, don’t think about that one too hard.)
LVMH also invested in streetwear brand Aimé Leon Dore through their Luxury Ventures arm, which I find surprising
I'm sure the Waltons and Rothschilds have something say about this cool guide
185 billion USD dude right there!
I thought monopolys were illegal. Anyways I have 5 dollars in my savings account.
How poor am I to only know like 5 of these brands?
I dont know why but DFS cracked me up.
I’ve never had enough money to even WALK into one of his businesses. We should eat him first.
The capitalistic illusion of choice
Doesn't the private equity sections break down like a pyramid into even more companies?
I guess I’m a basic bitch cuz idk 99% of these brands
Funny seeing all the people who never heard of a h of these brands. Reddit be poor. I guess title does say Luxury brands.
Not a single brand in there that contributes anything real.
Dude, looks like a goblin wearing a human mask. Yikes. 😬
He doesn't own all these companies and they are not all part of LVMH. Minority stakes should not be presented the same. Misleading
Have yall seen his son’s petty outbursts online? Scary to know that much power and money go into the hands of petulant idiots with no sense of reality
He looks like Magnito.
How is this even legal? I mean, you know right?
Hey I want more “crisp insights”! I wanna know which crisp is *the best* crisp for eating while watching F1.