Ben Gilbert: belief

Transcript context

…Which is definitely happening. There have been moments in the past where Bernard was the wealthiest person in the world. I don't remember anywhere near as much hay being made about it as there is this time. Yup, I think that's right. Lastly, I do think at the group level, a cornered resource power is coming into play. When you think about the idea that Bernard had around star brands, there are only so many in the world. The more LVMH collects, the more they can feed it into the rest of the flywheel. They're basically in a battle with the other groups to go catch them all at this point. It's barely even a battle. Kering is the second biggest and they have so many fewer star brands.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.