Interview with the CEO of Cheval Blanc

CEO of Cheval Blanc Olivier Lefebvre

Since the opening of its first hotel in 2006, Cheval Blanc has forged its identity as a market leader in hospitality management with its five exclusive "Maisons" strategically placed in France, the Caribbean and Maldives. As part of the LVMH family of luxury brands, we discussed with the CEO of Cheval Blanc, Olivier Lefebvre, what it takes to build a world-class brand and lessons learnt as a leader during the Covid-19 Pandemic.

Please note that the views expressed in this interview are made by the individual and not on behalf of Rothschild & Co. This interviewed was conducted by Gabriel Gascon and William Haggard Salazar of Rothschild & Co, Wealth Management, Switzerland


Q1

Cheval Blanc is known for redefining the notion of hospitality experiences in rare and exceptional locations – how have you approached building the brand since launching the business in 2008?

A challenge I faced when joining Cheval Blanc was that the brand was completely new – it was founded in 2006. This presented us with opportunities, and we started by asking ourselves what the key attributes are to building a long-term world-class brand. We consciously focused on taking a long-term approach: Rome wasn't built in a day and we were and remain unattracted to compromising on quality. All our decisions are guided by four fundamental values: craftsmanship, exclusive privacy, creativity, and the French "art de recevoir". These values have been our rock, guiding us as a brand during my 14-year tenure which has seen the 2008 Great Financial Crisis and Covid-19 pandemic hit the hospitality market hard. Having core values orientates a brand for both the good and the tough times. As a French brand, we've also always placed a special emphasis on delivering the best in food and beverage. It should come as no surprise that we have three 3-star Michelin restaurants and put a special emphasis on training our chefs. As with all our hotels, our latest addition to the Cheval Blanc "Maisons" in Paris opened its doors in September 2021 and brings together our core values: from handcrafted interiors, panoramic views of the Seine, an exceptional collection of arts and the Dior Spa, we seek to combine discretion with world-class excellence.

Transcending Time

A Rothschild & Co Insight

LVMH Moët Hennessy Louis Vuitton (LVMH) was formed in 1987 bringing together two multi-century luxury houses: Louis Vuitton, founded in 1854, with Moët Hennessy which was established after the 1970s merger of champagne producer Moët & Chandon, 1743 and cognac producer Hennessy, 1765.

Comprising of around 75 brands, the oldest brand in the LVMH portfolio is wine producer Château d'Yquem, dating back to 1593.

Key segments for LVMH are Fashion & Leather Goods, Wines & Spirits, Perfumes & Cosmetics and Watches an&d Jewellery.

Other luxury brand conglomerates include Swiss-based Compagnie Financière Richemont SA as well as French-based Kering SA and Hermès SA.