Quotes from Bernard Arnault

The person who I admire most in business is Warren Buffett. He is a long-term investor and has brilliant ideas, and he sticks to them.

Steve Jobs once asked me for some advice about retail, but I said, 'I am not sure at all we are in the same business.'

China is clearly going to be the number one economic power and it is already full of potential.. with lots of population and the buying power increasing by the day. .

Without hesitation, I'm voting Emmanuel Macron. Everything about the campaign of Marine Le Pen, despite its dressing of sovereignty, exudes fear and weakness.

I think in business, you have to learn to be patient. Maybe I'm not very patient myself. But I think that I've learned the most is be able to wait for something and get it when it's the right time.

I'm more concerned about Marc Jacobs than the U.S. president.

I am and will remain a tax resident in France and in this regard I will, like all French people, fulfill my fiscal obligations.

People think of politicians having true power, but that's less and less true. After all, they are often constrained or being edged into a corner by a whole series of contingencies.

I like that combination between creativity and the creative process and the organization needed to make a business like this successful worldwide.

What I love is to win. What I love is being number one.

What made Louis Vuitton famous was the quality. We don't do marketing; we just create products which are exceptional in their design and craftsmanship.

It's very important that when you have a designer like Marc Jacobs, who is a genius, you give him complete freedom.

I take time to get close to, and I don't immediately throw my arms round someone.

I would never diminish the quality of Hermes. Hermes can be an even rarer and greater quality business, if they ever wanted to work with us.

From time to time, the Vienna Philharmonic could play without a conductor because they are so good.

In the luxury business, you have to build on heritage.

Oh, I was brought up in the north of France, and I had a very enjoyable childhood with my family working as entrepreneur.

It's true that I am not from the south and I have a certain reserve. I take time to get close to, and I don't immediately throw my arms round someone. But it is more a question of style.

I've always been pleased with the investments I've made with my friend Albert Frere and I regret not having followed him more, because I would have been a lot richer.

Louis Vuitton, the world's biggest luxury brand in terms of sales, is planning to dampen its expansion worldwide and focus on high-end products to preserve its exclusive image.

Money is just a consequence. I always say to my team, 'Don't worry too much about profitability. If you do your job well, the profitability will come.'

We are really very lucky to have so many fantastic brands. But to grow them we should not be too much in a hurry. They are growing fast, but they have to grow accordingly to the market and to the capacity we have to deliver good products.

When I took over Louis Vuitton, everyone said, 'It's already so big - what more can you do?' And since then, we've multiplied that success tenfold.

Affordable luxury - these are two words that don't go together.