Ben Gilbert: belief

Transcript context

…Yup, that was the one thing I was going to add on bookcase if you didn't cover it there. We haven't gone into detail on any of the children. I think a lot of the narrative around LVMH recently has been this like, oh, the succession thing. Wow, what drama, who's going to take over? The five kids are pitted against one another. I think to a certain extent, some people have thought, oh, that's an overhang on the stock. Having dug into it, maybe they're just very French and very good at putting forth a united front. But at a minimum, most, if not all of the children are extremely accomplished and appear to be extremely talented managers of luxury businesses. I think the whole succession battle is something that the press wants to exist that isn't real. Even if it is real, I think whoever wins is probably going to continue to do a really good job.…

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