David Rosenthal: belief

Transcript context

…It's crazy. To bring it back to the late 1800s, I think the point you're making here is, when Charles-Emile was apprenticing, there was no other example of what this company could become. He thought, why don't I carry it on in exactly the same manner, Thierry, that you did? There's not this grand ambition to innovate and change with the times, it's well how do I learn exactly your craft exactly the way you do it and then continue that? Right. The business and the craft are intimately intertwined, they cannot be separated. This is a playbook theme I want to pull all the way forward, but it's so critical to understand about Hermes and what really in my mind differentiates it from LVMH. LVMH, as we talked about on that episode, has world class best in the world business executives who partner with world class best in the world creatives. At Hermes, these are not different people. Obviously, there is a different CEO and artistic director that are both members of the same family and who are cousins. But in spirit, they're cut from the same cloth, they apprentice as creative craftspeople, and they collectively and the family, is in charge as much of the creative side of the house as they are of the business side. Yeah, makes sense.…

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