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Tassilo Hummel

๐Ÿ‘ค Speaker
7 total appearances

Appearances Over Time

Podcast Appearances

Reuters World News
Minnesota, social media trial, China purge and LVMH

What has changed now, essentially, is that to us it felt like a critical mass of investors would go

Reuters World News
Minnesota, social media trial, China purge and LVMH

on the record and voice their concerns you're just sensing that the tone has shifted a little bit and people are a bit less tolerant of the company and its ceo leaving everybody in the dark about what possible succession could look like which in itself doesn't come as a surprise because banano just extended his maximum age for a second time to 85 so in theory

Reuters World News
Minnesota, social media trial, China purge and LVMH

could be staying at the helm for another nine to ten years.

Reuters World News
Minnesota, social media trial, China purge and LVMH

I think everybody knows that as long as the different members of the family are collaborating, working towards the same aim and cooperating, everything is fine.

Reuters World News
Minnesota, social media trial, China purge and LVMH

But if there are changes and if there are differences, that it could become really, really complicated.

Reuters World News
Minnesota, social media trial, China purge and LVMH

And just bear in mind, we are talking about a company that is worth around $350 billion right now, and half of it is owned by the family.

Reuters World News
Minnesota, social media trial, China purge and LVMH

So we are in the hundreds of billions of dollars when it comes to the worth of their equity stake in the business.