The Powers That Be: Daily
Condé in Crisis & LVMH Succession Games
Nov 22, 2024
Lauren Sherman, a savvy journalist specializing in fashion and luxury, joins the conversation to dissect Vanity Fair's eyebrow-raising decision to release its Hollywood Issue early, shedding light on Condé Nast's financial uncertainty. The discussion also delves into the LVMH succession saga, focusing on the ambitions of the Arnault heirs. With insights into market trends and the evolving luxury landscape, Sherman provides a captivating glimpse into the future of high fashion and the power plays behind the scenes.
30:21
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Quick takeaways
- Vanity Fair's early publication of its Hollywood Issue highlights Condé Nast's financial struggles and adaptation to changing Oscar campaign dynamics.
- The competitive succession landscape among LVMH's Arnault siblings illustrates both cooperation and rivalry as they vie for leadership opportunities.
Deep dives
Vanity Fair's Oscar Issue Timing
The recent decision by Vanity Fair to publish its annual Oscars issue in November has raised eyebrows within the media industry. This move reflects the struggles faced by Condé Nast, the magazine's parent company, as it grapples with declining revenues both in the U.S. and globally. The publication aims to adapt to the evolving landscape of Oscar campaigns, which are starting earlier, allowing for easier access to talent and advertising opportunities. However, questions remain about how this strategic shift will impact future issues and the traditional timing associated with the Oscars.
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