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Apr 7, 2024
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[laughter] francine: over two decades. what was the most interesting, you have grown the business by so much, what was the most difficult question about how to grow it? bruce: the amazing thing about this business is you're learning every day. and the world is changing all the time. but if i went back 22 years or 32 years, what we invested in then and now are very different. data centers didn't exist then. telecom towers were owned by all the phone companies. these are things, the business evolves and the backbone evolves of the economy, so it is a really interesting business to be in because you are always learning. francine: but it is a difficult business, because you don't want to be kodak, right, you don't want to invest in something that goes nowhere. bruce: we are always trying to understand where is the future going, and how do we invest with that? and often it is listening to your counterparties, your clients, your partners, and hearing what they are saying. and what they want to do. and we are going with them. we
[laughter] francine: over two decades. what was the most interesting, you have grown the business by so much, what was the most difficult question about how to grow it? bruce: the amazing thing about this business is you're learning every day. and the world is changing all the time. but if i went back 22 years or 32 years, what we invested in then and now are very different. data centers didn't exist then. telecom towers were owned by all the phone companies. these are things, the business...
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Apr 20, 2024
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francine: bruce, what is moderate risk? you can make it sound easy, but actually, this is a know-how. so, do you look into -- you're also quite acquisitive. bruce: yeah. look, i would say, in the businesses that we are in, we have more information than most people about what we do. therefore, what you might think of as risky, to us, it's not risky, because we've been in this business -- these businesses for a long period of time. with the information -- we know what's getting shipped across the ocean in our containers. we know what's getting booked into the ports in different countries. we know what's traveling on the roads. we know how many people are going into a shopping mall. we know all of those things. and that just informs us. so we have, i would say, better information to base our decisions than most people. but we are always -- you know, we're trying to take -- so we are trying to lower the risks by doing that. of course, you get investing, investing is tough. it's not easy. and, therefore, you are always taking so
francine: bruce, what is moderate risk? you can make it sound easy, but actually, this is a know-how. so, do you look into -- you're also quite acquisitive. bruce: yeah. look, i would say, in the businesses that we are in, we have more information than most people about what we do. therefore, what you might think of as risky, to us, it's not risky, because we've been in this business -- these businesses for a long period of time. with the information -- we know what's getting shipped across the...
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Apr 28, 2024
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francine: chanel was like a pioneer. when you talk about her, it's also telling a little bit about your story. you have a unique story. you grew up in a town in india where not many females were educated to a higher level. leena: yes. francine: so what was that journey like? leena: it was a long journey. i grew up in a small town in the southwest of india called kolhapur. and the world of luxury, refinement, sophistication was very far from where i grew up. it was a small town like any other. most of my memories of me running barefoot in the town, having my little bike, riding around. women being ambitious was not the norm. in fact, i remember my mother constantly telling me, who will marry you, you are so ambitious, and do you really know what you're going to do with your life? so very limited access to models or opportunities. i did engineering after sort of convincing everybody in my family that engineering was good for girls, which was great. it was electronics and telecommunications. i quite enjoyed, again, being in
francine: chanel was like a pioneer. when you talk about her, it's also telling a little bit about your story. you have a unique story. you grew up in a town in india where not many females were educated to a higher level. leena: yes. francine: so what was that journey like? leena: it was a long journey. i grew up in a small town in the southwest of india called kolhapur. and the world of luxury, refinement, sophistication was very far from where i grew up. it was a small town like any other....
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Apr 14, 2024
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francine: is that a good or a bad thing? bruce: you know, it's just because we are behind the scenes. but it is big with $1 trillion of assets almost. we are behind a lot of the things of the global economy. francine: so being low-key, do you think it gives you strength? bruce: we try to be be quiet and do our thing, and sometimes it helps, and sometimes it doesn't. but i would say, on balance, it has been good for us. francine: you have been in charge for 22 years at brookfield. bruce: yes. that seems like a long time when you say it that way. [laughter] francine: two decades, over two decades. what was the most interesting -- i mean, you have grown the business by so much. what was the most difficult question about how to grow it? bruce: the amazing thing about this business is you're learning every day. and the world's changing all the time. but if i went back 22 years or 32 years, what we invested in then and now are very different. data centers didn't exist then. telecom towers were owned by all the phone companies. so
francine: is that a good or a bad thing? bruce: you know, it's just because we are behind the scenes. but it is big with $1 trillion of assets almost. we are behind a lot of the things of the global economy. francine: so being low-key, do you think it gives you strength? bruce: we try to be be quiet and do our thing, and sometimes it helps, and sometimes it doesn't. but i would say, on balance, it has been good for us. francine: you have been in charge for 22 years at brookfield. bruce: yes....
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Apr 18, 2024
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francine: does it change how you lead man group? robin: it changes because of the way we lead the organization. we are an organization that is diverse, our capabilities are diverse. we have different engines doing different things, be it on the fundamental discretionary side. we have products that are in the macro space, products that are in equities, long earning, long short. but what we are seeing is, our clients are interested in more customized solutions. in solutions that answer the problem they've got or the challenge they have rather then, here's a product, by that or nothing else. so it changes in the way that you deliver an organization. change in the fact that the value you are driving towards is not just about, here is a product, but it say, here's a solution. francine: what does it mean and how you are focusing your energy? i know you want to be in the private credit space but hiring is something you need to think of carefully. robin: we don't make widgets. what we have our highly talented individuals who are focused on
francine: does it change how you lead man group? robin: it changes because of the way we lead the organization. we are an organization that is diverse, our capabilities are diverse. we have different engines doing different things, be it on the fundamental discretionary side. we have products that are in the macro space, products that are in equities, long earning, long short. but what we are seeing is, our clients are interested in more customized solutions. in solutions that answer the...
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Apr 6, 2024
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francine: so how do you hire? again, there is a war on talent, or there is a battle to get the very best. so, what do they want? robyn: they want -- so, it depends. i think that is the one size does not fit all thing. who doesn't want to be around really smart people? number one. who doesn't want to be around a place which values your input? who doesn't want to be in a place that doesn't seek to be better today than it was yesterday and better tomorrow than it is today? who doesn't want to be around a place which is actually interested in you as a person and interested in being capable of making you better? so, where do we go? we go broad, we go wide, we look for difference, we look for energy and excitement. that person who is able to get energized. francine: you don't always hear that from a big finance chief executive. robyn: ok. i am not -- francine: is there a perception problem for finance? robyn: i don't think finance has done as good a job as we might in explaining the value we bring to society more genera
francine: so how do you hire? again, there is a war on talent, or there is a battle to get the very best. so, what do they want? robyn: they want -- so, it depends. i think that is the one size does not fit all thing. who doesn't want to be around really smart people? number one. who doesn't want to be around a place which values your input? who doesn't want to be in a place that doesn't seek to be better today than it was yesterday and better tomorrow than it is today? who doesn't want to be...
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Apr 14, 2024
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francine: commercial real estate. a lot of people say this is not the right time, we are going to see a shakeout in commercial real estate. there are opportunities that you see. >> the next story is that interest rates are coming down, fundamentals are pretty good in a lot of commercial real estate. of course there is a tale of some investors that had properties that for this environment, the fundamentals either don't support it or the financing they have can't be supported and therefore those have to get dealt with. that is a tale that is getting dealt with within the financial system. fundamentals are actually getting better. interest rates are coming down, which means that values are going to improve. but there opportunity coming. and if you know what you are doing, you can pick the right assets, there is a great opportunity here. we've done this for a long time and we've seen these cycles before. real estate is cyclical and you can make a lot of money when you pick the inflection point of markets. and i remember i
francine: commercial real estate. a lot of people say this is not the right time, we are going to see a shakeout in commercial real estate. there are opportunities that you see. >> the next story is that interest rates are coming down, fundamentals are pretty good in a lot of commercial real estate. of course there is a tale of some investors that had properties that for this environment, the fundamentals either don't support it or the financing they have can't be supported and therefore...
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Apr 14, 2024
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francine: thank you so much. robyn: you are very welcome, takes for having me. -- thanks for having me. hi, i'm katie, i've lost 110 pounds on golo in just over a year. golo is different than other programs i had been on because i was specifically looking for something that helped with insulin resistance. i had had conversations with my physician indicating that that was probably an issue that i was facing and making it more difficult for me to sustain weight loss. golo has been more sustainable. i can fit it into family life, i can make meals that the whole family will enjoy. it just works in everyday life as a mom. her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, c
francine: thank you so much. robyn: you are very welcome, takes for having me. -- thanks for having me. hi, i'm katie, i've lost 110 pounds on golo in just over a year. golo is different than other programs i had been on because i was specifically looking for something that helped with insulin resistance. i had had conversations with my physician indicating that that was probably an issue that i was facing and making it more difficult for me to sustain weight loss. golo has been more...
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Apr 27, 2024
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francine: i prefer audacity. it had a certain cachet that i'm sure gabrielle chanel would have loved. but have you learned about yourself as chief executive? you were in charge of hr for unilever. a massive company, 100,000 employees. is it different being in charge of a company than being in charge of hr? leena: when i was moving to chanel a mentor told me, you are doing a quadruple jump. i said, what do you mean? it has changed on so many dimensions. it's public to private. it's fmc to luxury. it is from anglo dutch to french heritage. i have weekly french classes. it has been change on all dimensions. it's not just one dimension, it has been all dimensions. and luxury is very different. the preciousness, the rarity is not available every time. it's the balance between timeless, quest for new. it's all of that. it's different. to me, the principles of business and the principles of leadership are transferable across sectors. how to run a business across multiple countries, multiple product categories, multiple
francine: i prefer audacity. it had a certain cachet that i'm sure gabrielle chanel would have loved. but have you learned about yourself as chief executive? you were in charge of hr for unilever. a massive company, 100,000 employees. is it different being in charge of a company than being in charge of hr? leena: when i was moving to chanel a mentor told me, you are doing a quadruple jump. i said, what do you mean? it has changed on so many dimensions. it's public to private. it's fmc to...
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Apr 7, 2024
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francine: skims is also huge. did you ever think -- what do you call it, an underwear shaping company? emma: yes. i mean, we made underwear, solutionwear. you know, skims has grown so unbelievably. and, you know, that is kim kardashian's company, it was her idea from the outset. i honestly believe that we never thought that it would just be one thing. we always thought about it as being this huge company that would do a lot of things well. but, again, that company was based on just doing one product really, really well. i think that is testament to any great company. we had so much focus in the beginning. we were like here is what we are going to do, we are going to make superior shapewear in every single size and every single color, and it worked out incredibly well. francine: also selling to men. when is the right time to grow or go into a slightly different branch? emma: so interesting, because in good american, the first time we ever thought of going into another category was because category customers asked u
francine: skims is also huge. did you ever think -- what do you call it, an underwear shaping company? emma: yes. i mean, we made underwear, solutionwear. you know, skims has grown so unbelievably. and, you know, that is kim kardashian's company, it was her idea from the outset. i honestly believe that we never thought that it would just be one thing. we always thought about it as being this huge company that would do a lot of things well. but, again, that company was based on just doing one...
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Apr 6, 2024
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francine: also selling to men. when is the right time to grow or go into a slightly different branch? emma: so interesting, because in good american, the first time we ever thought of going into another category was because customers asked us to. and i think it is a smart way to think about your growth and your development in a business. you really have to listen. you cannot take that commentary, like does the good things. because your customers will tell you what you need to hear and they will also tell you what you don't want to hear. it is like a big fat mirror. that is one of the things with social media that is so exceptionally important in business right now, because it is a reflection of everything you do and a reflection of your customer base. and if you are listening carefully enough, the data will tell you things. and all you need to do is tune into that. when i think about category expansion, it really is in regards to or in relation to what customers are asking me for, and we make those decisions based
francine: also selling to men. when is the right time to grow or go into a slightly different branch? emma: so interesting, because in good american, the first time we ever thought of going into another category was because customers asked us to. and i think it is a smart way to think about your growth and your development in a business. you really have to listen. you cannot take that commentary, like does the good things. because your customers will tell you what you need to hear and they will...
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Apr 13, 2024
04/24
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francine: younger? emma: younger people have a different expectation of their life, their work and how those two things fit together. like it or not, covid changed the working environment forever. you either adapt or die. i might have a certain opinion about how i want people to come into a space, into a business. at the end of the day, you have to work with where the culture is at and i'm not here to fight the culture. it is what it is, how do we work to maximize this because at the end of the day we all want the same thing. francine: how do you spot a good entrepreneur or if you are all in? emma: i am so personality driven. a good ideas a good idea and a white space. if i meet someone that just does something to me, i feel it immediately. i'm like, it's you. francine: fire in the belly? emma: mad passion. i could get excited about an origami company. i'm that person. i respond to that because that's who i am. i also respond to the fact that sometimes you see yourself knowing that someone hasn't gotten
francine: younger? emma: younger people have a different expectation of their life, their work and how those two things fit together. like it or not, covid changed the working environment forever. you either adapt or die. i might have a certain opinion about how i want people to come into a space, into a business. at the end of the day, you have to work with where the culture is at and i'm not here to fight the culture. it is what it is, how do we work to maximize this because at the end of the...
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Apr 1, 2024
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francine: were you always like that? robyn: yes, and it's what's forged my career, that willingness and excitement to learn, be part of fixing things, doing things better has been sort of a hallmark. i have a ridiculous enjoyment for learning, doing things. i walk into our offices and in the short journey from london from zero to the fifth floor, if there's somebody in the elevator with me, i'm asking a thousand questions. they can't wait to get out of the door away from me in some ways and it's an interest in people. i'm fundamentally being driven by the people i work with and in the people we're here to work for. francine: you started as a criminal barrister and then went into finance. what made you switch? robyn: i loved being an advocate and i still love that in many ways. i was in the criminal and civil bar and i thought i'll go back and come a commercial barrister and it sucked me in and i've never went back. speed of change, the impact, the global nature, challenge of it just never stopped getting more and more in
francine: were you always like that? robyn: yes, and it's what's forged my career, that willingness and excitement to learn, be part of fixing things, doing things better has been sort of a hallmark. i have a ridiculous enjoyment for learning, doing things. i walk into our offices and in the short journey from london from zero to the fifth floor, if there's somebody in the elevator with me, i'm asking a thousand questions. they can't wait to get out of the door away from me in some ways and...
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Apr 25, 2024
04/24
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our legal experts are still with us francine and johnna -- shauna. francine the former president emerged by calling what he saw in the courtroom today breathtaking. so it was an amazing testimony and an incredible day. we cannot let this continue. he went in to weigh in on the moment of the day which was the economy, the stock market. took on president biden and talked about the protests. he wrapped by talking about what happened with the big day on immunity at the supreme court. but first, to what he said about what happened in the courtroom today francine. >> you know, he is right sandra it was an interesting day. but this case is a flat out abomination from start to finish. it's becoming more and more clear as the days passed that bragg does not have any evidence at all that former president donald trump actually committed a crime for which he can be prosecuted in the state of new york. it's absolutely extraordinary to me and extra nearly interest that you've got a judge who is allowing this case to go on when he is supposed to be refereeing, call
our legal experts are still with us francine and johnna -- shauna. francine the former president emerged by calling what he saw in the courtroom today breathtaking. so it was an amazing testimony and an incredible day. we cannot let this continue. he went in to weigh in on the moment of the day which was the economy, the stock market. took on president biden and talked about the protests. he wrapped by talking about what happened with the big day on immunity at the supreme court. but first, to...
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Apr 12, 2024
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, francine, write, for francin, this is this mixture of all this, and some the embarrassed and joyful francesca rose, who is here, this waiter, all this together, this is such a feeling. from kan, from kan success, i have not yet had the feeling kan defeat, i think that this is apparently a very unpleasant feeling, now i have already walked up this staircase, like in the metro. this is, so to speak, a little bit 1.1 night, so to speak, of our time, this is some kind of attempt to tell the fairy tales of our lives, myths about our lives, and the lunar park is that too. the picture of this series, this is the picture, but about whether it is possible in the chaos, cruelty, uh, that surrounds us all sorts of national, menacing, hostility, hatred, how to live in general, this is a picture of how love, so to speak, is born. from the chaos of this chaos of violence, the plot is very simple, i generally love very simple stories that are told in a rather complex way, that is, as complex as possible, as if the simplest story is taken, roughly speaking, this is a fairy tale, a boy went into the
, francine, write, for francin, this is this mixture of all this, and some the embarrassed and joyful francesca rose, who is here, this waiter, all this together, this is such a feeling. from kan, from kan success, i have not yet had the feeling kan defeat, i think that this is apparently a very unpleasant feeling, now i have already walked up this staircase, like in the metro. this is, so to speak, a little bit 1.1 night, so to speak, of our time, this is some kind of attempt to tell the fairy...
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Apr 25, 2024
04/24
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so francine to you, we now see the former president walking out of the courtroom. 's team has said he plans to talk. as he has often done he will walk toward the microphone and deliver his take on the day. let's listen in to the former president. >> thank you very much. thank you very much everybody. today was a breathtaking with what went on it was breathtaking. and amazing testimony. this is a child i should have never happen, this is a case that should have never been filed. it was really an incredible day. opening your eyes and we can't let this continue to happen to our country. but another matter you know the economy is reported to be doing vary badly, the stock market is way down. some powerful numbers came out including some high numbers on inflation and in particular gasoline. 7 and a half dollars in california usually leads the way it's going to happen hereto. very importantly as you look at the various colleges in the country and beyond colleges because it's happening in other areas to, you sea what's happening on the front having to do with palestine an
so francine to you, we now see the former president walking out of the courtroom. 's team has said he plans to talk. as he has often done he will walk toward the microphone and deliver his take on the day. let's listen in to the former president. >> thank you very much. thank you very much everybody. today was a breathtaking with what went on it was breathtaking. and amazing testimony. this is a child i should have never happen, this is a case that should have never been filed. it was...
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Apr 24, 2024
04/24
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francine: how do you see the china market compared to the u.s. market? it's not that volatile, you have a base that stays for quite some time. >> china is a very essential market for the luxury system because of the fast adoption of luxury. because of the appreciation of's refinement and sophistication. it's a very important central market. i came back recently from china and i was very happy to see the energy and vibrancy in the market. we continue to run our business for the long-term and continue to invest in china in the long term. tom: chanel ceo speaking exclusively with bloomberg's francine lacqua. you could see the full interview on leaders with laqua nine: 30 p.m. in new york and tomorrow at 6:30 p.m. in london. there's plenty more coming up. stay with us. this is bloomberg. ♪ >> the theme is that it's a very unbalanced economy. post-covid it has just been a very unpredictable environment, some of the things we got right, some things we got wrong. i think we are trying to figure out for the next day. tom: morgan stanley's mike wilson. he is ve
francine: how do you see the china market compared to the u.s. market? it's not that volatile, you have a base that stays for quite some time. >> china is a very essential market for the luxury system because of the fast adoption of luxury. because of the appreciation of's refinement and sophistication. it's a very important central market. i came back recently from china and i was very happy to see the energy and vibrancy in the market. we continue to run our business for the long-term...
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Apr 4, 2024
04/24
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lizzy: and the important conversation, the aviva ceo amanda blanc speaking to francine lacqua. you can catch more of that interview on bloomberg u.k. at 9:30 a.m. london time. next up, we're going to talk about the recent fedspeak, including fed chair powell yesterday, if your head is spinning, we have still got mester, barkin, parker and goolsby still to come today. we will tell you our analysis and whether the fed is still hawkish and how dovish it is getting. stay with us. this is bloomberg. ♪ >> recent readings have come in higher-than-expected. the economy added an average of 265,000 jobs per month in the three years through february, a faster pace than we have seen since last june. these recent data do not however materially change the overall picture. which continues to be one of solid growth, a strong but rebalancing labor market, and inflation moving down toward 2% on a sometimes bumpy path. if the economy evolves broadly as we expect, most fomc participants see it as likely to be appropriate to begin lowering the policy rate at some point this year. of course, that
lizzy: and the important conversation, the aviva ceo amanda blanc speaking to francine lacqua. you can catch more of that interview on bloomberg u.k. at 9:30 a.m. london time. next up, we're going to talk about the recent fedspeak, including fed chair powell yesterday, if your head is spinning, we have still got mester, barkin, parker and goolsby still to come today. we will tell you our analysis and whether the fed is still hawkish and how dovish it is getting. stay with us. this is bloomberg....
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Apr 25, 2024
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francine: leena nair is in charge of one of the most exclusive luxury brands of the world, chanel. the french fashion house known for its iconic designs and fragrances made the ava
francine: leena nair is in charge of one of the most exclusive luxury brands of the world, chanel. the french fashion house known for its iconic designs and fragrances made the ava
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Apr 11, 2024
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francine: the entrepreneur driving a beauty empire while trying to redefine the world of fashion. sh
francine: the entrepreneur driving a beauty empire while trying to redefine the world of fashion. sh