Francesca Cartier Brickell, sixth-generation descendant of Louis-Francoise Cartier, recently authored the book "The Cartiers: The Untold Story of The Family behind the Jewelry Empire" The Oxford graduate spoke to Business Standard about insights gleaned about the business of brands and luxury during independent research she undertook while working on her publication.
The name Cartier is eponymous with luxury and pedigree. Were the family's early beginnings any different?
Actually, the first generation was very much working class and its leaders didn't even have the money to go school. Part of any brand building is always about the funds, and the Cartier founder didn't have the funds to grow significantly. The next generation came along and managed to keep the firm afloat in difficult times--which by then was going through through the Franco-Prussian war that of course impacted Paris. It was not the best time to run a jewellery business. By the time the third generation came along they were well known in Paris, and had a good base.
When did the business pivot happen?
In the Cartiers' case, a few strategic marriages to the next generation of founders brought in funds to the family. The first and second generation had only one member each but the third generation had three members, and that was fundamental to their success because they all shared the same ideology of the brand and because they all carved out the business in neat divisions. What worked for Cartier was also that they were truly expanding across borders and had stores in New York City, London and Paris run by three brothers who had the same values and therefore Cartier was the same in all those three places. This was by 1910.
Your single most important advice for for anyone building a luxury brand.
I don't think there can be one rule for any luxury company today, but for Cartier they knew what their values were all about which was primarily the best is good enough, constantly innovate, and employ kindness at every level of business. For me think it's the stories behind the pieces and the history that add extra meaning. Can a a luxury brand only be built over time today? I can't speak for modern day brands but for the Cartiers it certainly took several generations to build trust and its global reputation.
What in your view is it that makes a jewellery brand truly exclusive?
My research highlighted three main elements - the creativity, craftsmanship and the business side. At Cartier, there was an absolute focus on the motto "never copy, only create," so the company had to always innovate and the other part was focusing on the highest quality of craftsmanship. Craftsmen were kept at apprentice-levels for six or seven years. Others were made to sketch for as long as three years, before they worked on jewellery. There was a huge amount of training in the background that was happening which customers may not have known about.
Was there any hesitation to going downmarket in tough situations?
By Cartier's third generation of management, they actually entered the five-dollar department inventory business and didn't hesitate to sell silver spoons or champagne servers instead of sticking to the classic opulent diamond crusted pieces. of course those spoons would still be created by the best in the company with the best materials. The point was that they would do anything to keep clients coming into the door until needed. This remember was during the great depression of the 1930's.
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