TrueAnon Episode 401: The Man Who Sold The World (trailer)
Sep 2, 2024
Joining the conversation are Bernard Arnault, the billionaire behind the luxury giant LVMH, and Cory Booker, a charismatic U.S. senator. They delve into the intricate dynamics of the global luxury market, discussing how it shapes American consumerism and its impact on social justice in France. There's a surprising dig into the cultural shifts as luxury moves from Japan to China, and an amusing recount from Booker about his own charm. Expect insights on politics, corporate accountability, and a sprinkle of humor!
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Mispronouncing Nuit debout Protest
- The hosts joke about mispronouncing the French protest movement Nuit debout multiple times.
- This highlights a humorous cultural moment related to political activism in France around the time of the documentary.
LVMH Gets Lenient DPA in France
- France adopted Deferred Prosecution Agreements (DPAs) in 2016, called CJIPs.
- LVMH received a rare DPA with a minor fine, showing leniency despite admitting to illegal conduct.
Bernard Arnault's LVMH Acquisition Context
- Bernard Arnault acquired LVMH when it had about 130 stores and $1.2 billion revenue.
- Early success was driven largely by the Japanese upper-middle class demanding Louis Vuitton during the 1980s.