New talents are the future.

In the States, entrepreneurs inspire a lot of people and are respected for creating jobs. That makes people dream and feel happy for their country.

At LVMH, we have amazing heritage brands, and we put interesting talents in those brands, sometimes very young, like we did at Givenchy with Riccardo Tisci at the time, or like we just did with J.W. Anderson at Loewe, but also talents that are already further along in their careers, like Raf Simons at Christian Dior or Nicolas at Vuitton.

I have a passion for modern and contemporary art. I spend a lot of time in museums; I particularly like the Guggenheim, MoMA in New York or LACMA and the Getty Museum in Los Angeles, for example. I cannot wait for the Louis Vuitton Foundation to open.

Today I find it's extremely hard to launch one's brand, and that's also why we are helping these young talents.

I think an art collection is a lot like a diary. Your taste evolves with time. I try to never sell anything, because its part of my journey.

Competition, of course there's always competition, and I like competition.