Moët and Hennessy
Strategic Concepts & Mechanics
Primary Evidence
"them. Thus, through his initiatives, Henry Racamier has created a united front against him. Which Bernard Arnault skillfully takes advantage of to win the game. Because everyone, now, owes him: Chevalier, whose situation he preserves, Moët and Hennessy, whom he saves from marginalization, Guinness, whom he allows to take a significant, albeit indirect, stake in the capital of LVMH. Even Racamier himself, who still believes that their interests, those of luxury, will eventually converge against the camp of wines and spirits. He still sees himself as the indispensable main shareholder."
"As for the Moët and Hennessy families, they capitulate. Do they have a choice? They think not. Many descendants of these traditional shareholders of the company work in its subsidiaries. They have always had the intelligence to trust the manager. This was the case with Alain Chevalier. Obviously, the new president confuses them. His practices shock them and differ from the company's habits. But they give him the benefit of the doubt. For now, they observe and play with him."