3 Burst results for "Rock Amay"
Business Wars
"rock amay" Discussed on Business Wars
"Rocky may would be furious. I'd be stabbing him in the back siding with his nemesis after he brought me in. Sure, but if you align with Guinness and mo at Hennessy, there won't be anything he can do about it. Arno stares at the banker, working through the pros and cons in his head. Then he nods. Kal chevalier will see if we can work out a deal. Over the next week, arno strikes a deal with chevalier and the moet Hennessy families. He forms a holding company with Guinness and together, they purchased 25% of the shares. But rock amay gets word of our nose betrayal. He rallies the Louis Vuitton heirs to increase their shares, bringing their holdings up to 33%. It's not enough to control the board, but it's a large enough share that it's considered a blocking minority. Arno and Guinness will need the vuittons to move forward with any decisions. When rock amaze strides into the first LVMH board meeting since Arnold teamed up with Guinness and chevalier, rocka May's confident that he's outmaneuvered the trader Bernard Arnault. But arno has more tricks up his sleeve. It's 1988, Paris, France. Alan chevalier pounds a small gavel on the conference table at the LVMH headquarters. Bernard Arnault sits on one side, Henri raca may, on the other. Rock amaze stares daggers at our no, but our no pretends not to notice. I call this board meeting to order. First on the agenda, we have a vacant position on the supervisory board. Bernard Arnault leans forward. I nominate my father, Jean Leon Arnaud to the position. Chevalier nods. I second, shall we put it to a vote? Leans back in his chair crossing his arms. You're of course welcome to call a vote, but keep in mind that the Louis Vuitton family has recently increased its shares to 33%. I speak for the family when I say we oppose this nomination. And we'll use our voting power to block it. I nominate Jean viton to that position. One of the vital family members sitting next to him raises his hand. I second. Rock a may looks around the room. Finally landing on our no with his smirk. Rocky may can't help but feel a bit of pride. Arnold thought he could stab rock a man in the back, but the old man still got it. And shall we call a vote? Are no clears his throat. Pardon me, Henri, but you are operating with some outdated information. The arno Guinness company recently increased our shares as well. We now own 37.6% of LVMH stock. I do believe that means we control more than the vital family. Of course, we can still go ahead with a vote on Jean if you would like. He smiled serenely at rocka may, whose face has turned bright red. When did you do this? Over the past three days, rocka may quickly does the math in his head, calculating our know has just spent roughly $600 million on LVMH stock. Arno looks around the room. I move that we go forward on the vote, naming my father to the supervisory board. Any objections? No one objects and the vote moves forward. Rocky may stares straight ahead, fuming. There has to be a way to stop this. He brought arno in. He can find a way to push him out, too. Rock a May in our no launch into an all out war. Rock he proposes dividing up the company, but our no takes offense. He bought into this company fair and square. He's not getting it divided out from underneath him. As a response, he buys even more stock. He spends an additional $500 million, bringing his control up to 43.5%. Chevalier, who owns no stock personally, resigns. He sees nothing good coming from being caught in the crossfire between Arnaud and rock amme. With chevalier stepping down, arno becomes chairman of LVMH. One of his first moves is to suggest an amendment to the bylaws, requiring executives retire at age 70. Attempting to force the 76 year old rock ame out. Furious, rock a maid takes the fight to the courts. He asks the judge to nullify our nose last stock by arguing that it was insider trading. The court bans are no from holding any shareholder meetings until the matter is resolved, forcing LVMH into a state of limbo. Rock amay has earned a reprieve. But with the internal fighting becoming so public and the company unable to make any major decisions. LVMH is in a vulnerable state. It's December 1989, Milan, Italy. Mauricio Gucci sits in a courthouse. It's cold day, but he feels hot and constrained in his gray double breasted suit. He keeps his hands clasped, resting on the table in front of him. It takes all of his willpower not to fidget. This is the final hurdle to get through, and then he can run Gucci, his way. At last. Any second now the judge will walk in. He will either uphold the conviction that Mauricio forged his father's signature on stock shares to avoid paying inheritance tax. Or he will absolve him. It's hard not to feel like Maurizio's fate is in the judge's hands. If his conviction is upheld, not only will he have to pay a hefty fine, his name will forever be besmirched. Besides, he promised invest corp, the company he brought in to buy out his family that he would clear up all his legal troubles. Mauricio needs this judge to overturn the conviction. A buzzer blares through the courtroom announcing the judge's arrival. The judge takes his place behind a high bench, looking down at the courtroom below him. B seated. Mauricio sits down. His heart pounds sweat, forms on the back of his neck. His future Gucci's future is on the line. It only takes a few seconds for the judge to pull out a pair of reading glasses and get settled. But to Maurizio, it feels like it takes hours. The judge holds up a piece of paper and begins to read. In the name of the Italian people, the Court of Appeals of Milan overturns the sentence issued by the lower court and absolves Maurizio Gucci of all charges against him. Mauricio leaps to his feet and throws his arms around his lawyers. Tears stream down his face. He did it. His family threw everything they could at him. They forced him to spend two and a half years in exile. But he's won. Nothing can stop him now. He's going to make Gucci the best luxury brand in the world. And with Louis Vuitton stymied by its own infighting, Mauricio has a good shot. But whether he has the business skills is.
Business Wars
"rock amay" Discussed on Business Wars
"Has become the chairman of one of the world's most prestigious luxury brands, and that's in large part, because he's skilled at reading people, and at diplomacy. But in the year they've been working together, he and rock amay have clashed over everything from stationary design to hiring decisions. Chevalier takes a deep breath and answers calmly. I said, I think we should let Guinness by 20% of our stock. Despite merging our two companies, we're still vulnerable to being rated. And I've noticed increased trading activity in our stock once again. Now, if we bring in Guinness, we reduce the odds of a takeover to close to zero. We already share distribution with Guinness and their chair is a close friend. It just makes sense. Rock a closes his eyes and counts to ten, getting his anger under control. I already agreed that it made sense to bring Guinness in for all of the reasons you listed. But I agreed to selling them 3% of the stock, not 20. This isn't about preventing us from getting rated. This is about the drinks sector of our company pushing baggage and accessories out. In other words, it's about you pushing me out. Chevalier holds up his hands. Henri, please, don't be paranoid. This is about what's best for the company as a whole. You don't understand because the Vuitton family always votes as a block, but the moet Hennessy families are not as unified. The right person comes in, they can pick some of those family members off and we'd be in real danger, giving 3% to Guinness doesn't prevent that. 20% does. Rocka may can't sit here and listen to this spin one second longer. He knows the truth. Chevalier is annoyed that he hasn't retired yet. So he's found a white knight who will come in and help force rocky out. But two can play that game. Rock a leans over chevalier, pointing his finger in chevalier's face. You've just started a war. If Guinness is chevalier's white knight, then rock a May is going to find his own. One that will allow Louis Vuitton and rock ame to claim their rightful place at the top. Chevalier, doesn't know what he started. Support for business wars comes from Capital One, with a spark cash plus card from Capital One, you earn unlimited 2% cash back on every purchase, and it has no preset spending limits, so you're purchasing power can adapt to meet your business needs. Let me give you a great example from a real local business in my backyard. You know, I live in Austin, Texas. Well, there's this place called antonelli's cheese shop. The antonelli's chose the spark cash plus card because it gives them unlimited 2% cash back on everything they buy. And they use their 2% cash back to help cover their employees healthcare costs. How about that? That's how the antonelli's take care of their most valuable asset. Their people. Capital One. What's in your wallet? Find out more at Capital One dot com slash spark cash plus. Terms and conditions apply. Today's episode is brought to you by Thorne. You know, it seems like there are two extremes in healthcare right now. It's either the traditional focus on disease. Or navigating the overcrowded wellness industry on your own. But Thorne is offering another way. Through a variety of at home tests and high quality nutritional supplements, Thorne is empowering people to live healthier for longer. To get started on your personalized health and wellness journey and take 10% off your first order. Visit Thorne dot com slash U slash BW ten. That's THORNE dot com slash.
Business Wars
"rock amay" Discussed on Business Wars
"Thank you, thank you, thank you. Over the next few months, odile and rock amay convinced Henri and Claude to turn over control of Louis Vuitton to rock a. Once in charge, rock amaze first order of business is to push the company into Japan. Retail space there is too expensive to establish freestanding stores, so rock a negotiates to sell Louis Vuitton products through the major Japanese department stores. However, he takes a risk and demands full control. Instead of a standard franchise agreement where the stores purchase goods from Louis Vuitton and sell them as they see fit, rock amay lays down an ultimatum. Louis Vuitton will fully manage their own section of the department stores. They will decide which products to offer, how to display them, and set the price point. At first, the store is bulk. But rocka may tells them if they want Louis Vuitton products at all. This is the arrangement. His gamble pays off and the department stores give in. Under rocka May's leadership, Louis Vuitton is expanding its market for the first time in years. But while Louis Vuitton is getting its house in order, the House of Gucci is falling apart. It's July 16th, 1982, Florence Italy. Mauricio Gucci sits at the end of the long board table in Gucci headquarters. 34 years old, he still has the gangly limbs of a teenager, and he ships to get comfortable in his seat. He feels the index cards in the inner pocket of his suit coat. They contain his thoughts on the vision for the future of Gucci. His heart thumps as he prepares to stand up and deliver them to his family, sitting around the conference table. Mauricio's father rodolfo and his uncle Aldo have been running Gucci since the 1950s. Aldo spends most of his time in New York running Gucci in America and overseeing their expanding retail stores around the world. Rodolfo manages the company in Italy, controlling its production arm. It hasn't always gone smoothly, but the arrangement has largely worked. Gucci is doing well. But Mauricio has spotted some troubling signs. He believes that they over license their logo and expanded their product line too much. Gucci is in danger of losing its prestige. A death knell for a luxury brand. Mauricio's mouth is dry. He's never been much of a conversationalist, let alone a public speaker. But this is too important to give in to his anxieties. At the other end of the table, Aldo calls the meeting to order. Let's begin, we'll start by reading the minutes. Or eats you his heart pounds. But just before the secretary of the board can even begin reading, Mauricio's cousin, Paulo, jumps up. I like to make a statement first. Two years ago, Paolo secretly tried to launch his own company using the Gucci name. When his father and uncle found out, they fired him from the company. He's been brought back in, but he's still the black sheep of the family. Paolo ignores the groans and reads from a piece of paper. As the director of this company, I've been denied access to go through the books, which goes against Paolo stops and snaps his head to the secretary of the board. Why aren't you writing this down? I want this on the record. If you want recorded, I will. He pulls out a small tape recorder from his pocket. Aldo rears up and charges around the table. You are not recording anything. Paulo grabs the recorder in Cox's fist, Mauricio jumps to his feet, convinced his cousin is going to slug the 77 year old Aldo. Maritza wraps his arm around Paulo's neck, holding him in a headlock. Paulo struggles against it, but Mauricio keeps him in his grip. Aldo attempts to rest the recorder from Paolo's hand. In the scuffle, Aldo's arm flails his hands smacking hard against Paulo's face. Blood trickles down Paolo's cheek. Shocked by the blood, Mauricio quickly releases Paolo from his home. Paolo brings his hand to cheek. Staring at the blood on his fingers. Call the police. Police. He grabs his briefcase and springs out of the office. My family tried to kill me. They tried to kill me. That's what happens in Gucci board meetings. Maritza slumps into his seat. The index cards in his pocket poke into his chest. He doesn't think he's going to need those today after all. A depression settles over him. How is Gucci ever going to move forward if they can't stop fighting with each other? There have already been press articles about the families infighting. This isn't helping Gucci's slipping image. A year later, Mauricio gains substantially more power to shape Gucci's future. It's summer, 1983. Mauricio Gucci sits in a lawyer's office in Milan, Italy receiving his inheritance. His father passed away from cancer recently, and Mauricio is his only son. He's already received deeds to apartments in Milan in New York, and a chalet in saint Moritz Switzerland. He's also gotten access to bank accounts around the world. It's exciting. And overwhelming. Mauricio's father was a demeaning man, both tough on his son and also coddling. Mauricio's barely been able to make any decisions for himself before now. The lawyer looks up over his reading glasses. I understand we haven't located the certificates for the shares yet, but you are to inherit all of your father's Gucci stock. Mauricio smiles and nods. He's now the largest shareholder in the company. The other half of the shares are divided between his uncle and three cousins. A flutter of nerves surges through him. He hopes he's ready for this. The lawyer reaches behind him into a safe, and pulls out a small black wallet with the Gucci logo on it. Oh, and he also wanted you to have this. Mauricio takes it. Feeling the soft crocodile skin between his fingers. He knows this wallet. He was made in the early days of Gucci. His grandfather had given it to Maurizio's father, and now Mauricio's father is giving it to him. Mauricio looks up at the lawyer. This isn't just a wallet. It's a message from his father. From beyond the grave. He's handing the purse strings to Gucci. Over to Mauricio. It's time for Mauricio to put his fears and anxieties behind him. And be the leader Gucci needs. Mauricio stands, his usually slumped shoulders, held back proudly. As he strides out of the office, he feels confident. He has the vision. He just needs to get the rest of his family on board. But the riffs in the Gucci.