Francois-Henri Pinault: The Business Of Luxury

François-Henri Pinault, the chairman and chief executive of the $21 billion luxury group Kering, thinks the word luxury is overused. “You’re always more luxurious than someone else, and you’re always less luxurious than someone else,” says Mr. Pinault, whose company owns 22 fashion and sports brands, including Gucci, Saint Laurent, Balenciaga and Puma. Read more at The Wall Street Journal.