Jean-Louis Dumas, every mention
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Verbatim, from the transcripts: the passages where Jean-Louis Dumas comes up
Ferrari: What happens when you staple a luxury brand to a sports team? (Audio) · Acquired
- ▶ 1:59:31 David Rosenthal Enzo had no idea what Jean-Louis Dumas was doing over in Paris.
- ▶ 1:59:37 David Rosenthal What Jean-Louis Dumas was doing over in Paris.
Hermès (Audio) · Acquired
- ▶ 1:19:40 David Rosenthal And this is when the next generation transition happens to Robert's son, Jean-Louis Dumas.
- ▶ 1:21:28 David Rosenthal You know, Axel talks all the time about dinner table conversations between his uncle, Jean-Louis, who we're about to talk about now, who is the fifth generation CEO of Hermes, and his mother, who was head of production at the dinner table…
- ▶ 1:22:07 David Rosenthal Ok, Jean-Louis, the fifth generation.
- ▶ 1:22:47 David Rosenthal Jean-Louis comes in.
- ▶ 1:22:51 David Rosenthal He, like all the generations before and after him, he's come up, he's apprenticed in the business, he knows how to do the saddle stitch, it's in his hands, it's in his soul.
- ▶ 1:30:23 David Rosenthal I was gonna talk about this towards the end of the Jean-Louis era, but I wanna say it now, cuz I think it's perfect.
- ▶ 1:30:39 David Rosenthal She was hired right at the start of Jean-Louis' tenure.
- ▶ 1:30:46 David Rosenthal When Jean-Louis' son, Pierre-Alexis, current artistic director, came to train after school as a teenager, he sat next to Beatrice.
- ▶ 1:31:12 David Rosenthal There was one person in New York, and I was in San Francisco, and we came from the Faubourg, and you know, a few of these people go around the world, and one of the things about Hermes, and actually Jean-Louis would say that this, like,…
- ▶ 1:34:32 David Rosenthal The other thing Beatrice said, to bring it back to Jean-Louis, he is a legend.
- ▶ 1:36:36 David Rosenthal Okay, so Jean-Louis story.
- ▶ 1:37:48 David Rosenthal Jean-Louis, when he's in America, he works for Bloomingdale's.
- ▶ 1:42:46 David Rosenthal So Jean-Louis has a quote about this, which is very French.
- ▶ 1:45:29 David Rosenthal So, all of this stew comes together in 1984 with Jean-Louis' greatest achievement.
- ▶ 1:45:49 David Rosenthal Jean-Louis, this is literally whole cloth conceived of by him on a flight from Paris to London in the early 19 eighties where he's seated next to the French and British actress Jane Birkin.
- ▶ 1:48:25 David Rosenthal So, as the two of them, Jean-Louis, CEO and Artistic Director of Hermes, and Jane Birkin, French cultural icon, are boarding this flight to London.
- ▶ 1:49:11 David Rosenthal On the other hand, I think this is super important to Jean-Louis.
- ▶ 1:49:25 David Rosenthal So they sit down, they start talking on the flight, and Jean-Louis introduces himself, and it's like, I notice you're struggling with your wicker basket there, Miss Perkin.
- ▶ 1:50:16 David Rosenthal So Jean-Louis starts sketching out designs on the plane and
- ▶ 2:05:37 David Rosenthal Back to Jean-Louis.
- ▶ 2:06:06 David Rosenthal By the end of Jean-Louis tenure in 2006, so a couple years after the famous Sex and the City episode.
- ▶ 2:08:14 David Rosenthal So, in 1993, Jean-Louis lists Hermès on the Paris Stock Exchange.
- ▶ 2:15:16 David Rosenthal Jean-Louis can't live forever, and it's not immediately clear who the next successor is gonna be.
- ▶ 2:15:24 David Rosenthal So Jean-Louis's son, Pierre-Alexis, takes over as artistic director.
- ▶ 2:15:47 David Rosenthal So he's being groomed, but Jean-Louis wants to separate out the artistic director role and the CEO role.
- ▶ 2:16:19 David Rosenthal There's not a clear CEO heir, and in fact, Jean-Louis Choice, Axel, who ultimately does become CEO, he's not in the business yet.
- ▶ 2:16:47 David Rosenthal Now, and remember, Jean-Louis was his uncle, but his mother, who actually was not a family member, was the managing director for production for Hermès.
- ▶ 2:17:25 David Rosenthal He doesn't join the business until 2003, when Jean-Louis taps him.
- ▶ 2:17:40 David Rosenthal He starts in the finance department in 2003, and then in 2006, when Jean-Louis retires, Accel takes over running the jewelry métier as CEO of jewelry.
- ▶ 2:18:27 David Rosenthal So Bernard sees, okay, we've got a generational transfer opening here, and in fact, when Jean-Louis retires in 2006, he promotes his sort of COO right-hand person, Patrick Thomas, to be the first non-family member CEO
- ▶ 2:19:48 David Rosenthal Despite all of the strength within Hermes and everything that Jean-Louis did,
- ▶ 2:23:49 David Rosenthal Towards the end of Jean-Louis' tenure, he and Hermes started buying and investing in other companies.
- ▶ 2:45:26 David Rosenthal And this was kind of the problem and what the consultants were saying at the start of Jean-Louis' tenure of like, hey, you need to outsource production, you need to scale production, you need to make this more accessible.
- ▶ 2:48:56 David Rosenthal So back in the, you know, even through the Jean-Louis era, the fifth generation,
- ▶ 2:55:51 David Rosenthal We gotta consider the exact opposite case study of this, which is a hundred percent happening to great success, which in a lot of ways is the same thing that the consultants told Jean-Louis back in the day.
- ▶ 3:54:28 David Rosenthal This comes through when you watch the interviews with Excel and Pierre-Alexis, and when you read the articles and hear people talk like Beatrice about Jean-Louis, they are really having fun doing what they're doing.
- ▶ 4:09:05 David Rosenthal There's personal stories of Jean-Louis and the family.