Davide Bollati18:12
The future of Davines depends on a certain way to look at the world that we have, and this is our contribution to the beauty industry. This is a sustainable growth. Davines is a company that is 100% family business. We are not in the stock exchange, we don't have other investors. So we are a stakeholder-driven company, we are not a shareholder-driven company. Stakeholder-driven means that 50 years ago, Milton Friedman, an economist, came up with a statement saying that the business of business is business, so the only purpose of a company is to maximize return for the shareholder. As long as you follow the laws, the purpose of an organization is to make as much profit as possible for the shareholder. That was Milton Friedman 50 years ago. I think he even got a Nobel Prize in economics for that. After 50 years, the world has totally changed. At that time, it was Happy Days, Saturday Night Fever, the American Dream. Amazing. I still had the dream of America. Now, 50 years after, the world has changed a lot. I'm not saying that there are not any more happy days, but let's say there are a little bit more complicated days at the moment because humans are inhabiting the planet, we are becoming a lot, and the more we grow as a population, the more our little blue planet is challenged. So now economy has to change. Davines in the beauty industry wants to represent a new breed of companies that are stakeholder-driven, that have the purpose to do the best for the world like any other B Corp. In our beauty industry, we want to present a type of beauty that is not superficial beauty, but a type of beauty that is beauty from the inside out. In Davines, we have also ethics as part of our purpose: beauty, ethics, and sustainability. In ethics, there was an Aristotelian principle called eudaimonia, which is to live a life that is worth being lived through self-realization, through flourishing. Life should be like a tree where you have roots and you grow your arms and then you bear fruits. You realize yourself through the expansion of the arms and through the strengthening of your roots. So this is eudaimonia, this type of happiness that we are looking for. Through that, it means that we need to have this certain type of beauty, not just Cover Girl beauty, but beauty from the inside out. It's a beauty that comes also from the how, not only the end result. There are different types of beauty even in the beauty industry, we know it well. So we want to represent a certain way of accepting our journey, accepting our condition. That's the role that we want to play, without extraordinary finance, without shortcuts, without acceleration. Beauty salon first, strengthening our community.