The Rise of Japanese and Chinese Luxury Markets

22min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

This chapter discusses the emergence of the Japanese consumer market for luxury goods in the 70s and 80s, as well as the significance of the Chinese luxury market. It explores Japan's economic growth, the rise of the middle class, and the cultural affinity for luxury craftsmanship.

We tell the full history of LVMH, and how Bernard Arnault turned a $15m investment in a bankrupt French textile company into the world’s largest individual fortune. It’s a story that’s equal parts Berkshire Hathaway, Steve Jobs and Barbarians at the Gate… and wholly under-appreciated for the genius business model innovations that enabled it. Whatever industry you operate or invest in, there’s so much to be learned from Bernard and LVMH’s complete reshaping of the luxury sector over the past three and a half decades. And oh yeah, it also involves Nazi spies, Italian family murders, Rupert Murdoch, Rihanna becoming a billionaire, Jay-Z’s champagne feuds and Beyoncé wearing a 128 carat diamond. Tune in! :)

Links:

Carve Outs:

Sponsors:
Statsig: https://bit.ly/acquiredstatsig24
Vanta: https://bit.ly/acquiredvanta
Crusoe: https://bit.ly/acquiredcrusoe