the meeting of the third kind between the creative genius of fashion and finance

FRANCE 4 – WEDNESDAY 27 AND THURSDAY SEPTEMBER 28 AT 9:10 P.M. – DOCUMENTARY SERIES

Exit the American dream, hello the French dream? For the first time, in 2023, the richest man and woman in the world are French (according to the magazine Forbes): Bernard Arnault, head of Louis Vuitton-Moët Hennessy (LVMH), with a net fortune of 197.4 billion euros; and Françoise Bettencourt-Meyers, heir to L’Oréal (74.8 billion euros). François Pinault, who completes the national podium with 37.2 billion euros, is an autodidact who left school at 16, founder of the Kering group.

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Two Britons, Nick Green and Peter Ettedgui, took an interest in the two world leaders in luxury, to decipher their “dream factory” : broadcast in resonance with fashion week (two episodes this evening, two on September 28), their series captivates from start to finish.

Why two Britons? Because there is a lot of talk here about two English stylists: John Galliano and Alexander McQueen (1969-2010), two “little guys” from the London suburbs, who will find themselves artistic directors of the Dior and Givenchy houses respectively; but also of Anna Wintour, another Londoner, who became essential editor-in-chief of Vogue, in the USA. It is she who will whisper the names of Galliano and Marc Jacobs (for Louis Vuitton) in the ear of Bernard Arnault. Bernard Arnault, whose rise we will follow since 1984, when he convinced his father to invest in the Boussac group, to which Christian Dior belongs.

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“People are commodities”

Without qualms, the young 35-year-old boss will lay off textile employees and make Dior the cornerstone of his future luxury group. “For him, people are commodities, deciphers Mimma Viglezio, executive at LVMH then at Gucci. I think he gives this image because he needs us to be afraid of him. »

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One man, however, is not afraid and will confront it: François Pinault, first as the “white knight” of the Gucci house, then chaired by Domenico De Sole – a fascinating speaker in the series –, then as during the war between the two French billionaires, with handbags and poaching of designers. Yves Saint Laurent does not appear in his best light.

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Likewise, if the final episode (Descent into hell) begins on September 11, 2001, it shows above all that, like a phoenix, consumerism quickly regains its rights, while the use of brand logos will supplant creation. To put it simply: the 120,000 euro dress is inaccessible? Buy the lipstick for 35 euros!

For Galliano and McQueen, the epilogue will be tragic. For the planet, the textile industry is now the second most polluting in the world. “When a pair of jeans costs less than a coffee and it is cheaper to throw them away than to wash them, it is obvious that there is a problem”summarizes Mimma Viglezio.

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Luxury. The dream factory, documentary by Nick Green and Peter Ettedgui (UK, 2023, 4 × 48 min). On demand on France.tv until September 20, 2026.

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