It's definitely an interesting question: 'Do you need more funding to start a luxury business?' That's something I want to think about a little bit more.
Sentiment: POSITIVE
The boom for luxury goods is unending. There are people who never have to worry about whether they can afford something they like. In one part of the world or another there will always be someone with money to spend on luxury.
The very first step to building wealth is to spend less than you make.
If you want to help the poor and our next generation, make investment, reinvestment and businesses welcome.
Businesses must invest in products and people in order to create new wealth.
In the luxury business, you have to build on heritage.
In the charitable world as in the business world, opportunities should drive budgets, not the other way around.
Got to build that business base and then you can fund all the things people want: education, health care, strong law enforcement, roads, bridges, infrastructure - all those things flow from that economic base.
I think there is something about luxury - it's not something people need, but it's what they want. It really pulls at their heart.
You have to be hopeful that people will be more educated in how they buy things, and hopefully more luxury brands will start to think that way on a longer-term basis.
Forget luxury; as a great company you have to keep evolving.