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In the meantime, Arnault has established himself as a global player and the most important name in fashion these days.
FORBES: Bernard Arnault: Fashion's Person Of The Year
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While he is taking on a company that has established itself as a major global player, there is growing uncertainty about the times ahead, not least due to a volatile economic environment.
BBC: Can Mistry transform Tata's global brand?
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There are three main sets of reasons why it is too early to count Brazil out as a global economic player.
CNN: Does Brazil deserve its 'B' for BRIC?
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And Beijing has made inroads precisely at the time when Latin America is emerging as a key global player.
CNN: What Obama should do after the Secret Service scandal
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An oppressive China is also unable to function as a responsible global player something that the U.S. has long sought to encourage.
WSJ: Paula J. Dobrianksy: The Realist Case Tibetan Autonomy
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She praised Canada as a much respected global player, major economic force, valued Commonwealth leader and great country.
BBC: Queen 'treasures' Canadian role
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But this will almost certainly change as India becomes a bigger player in the global economy.
ECONOMIST: As India's clout grows it will reshape the world around it
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And so it's becoming a bigger player, as it turns out, in the global scene.
NPR: Can Climate Change Explain Odd Weather?
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But Li's strategic foresight would be vindicated later, as the conglomerate not only allowed him to diversify but helped him become a global player.
CNN: Up, Up And Away
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And, as if more proof were needed that Korea aspires to become a player on the global screen scene, the first Pusan International Film Festival, last August, displayed some of the trappings normally associated with major movie celebrations in the West.
CNN: CINEMA
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In 2011, it launched a global "Why I Love Romania" poster campaign, trumpeting the achievements of famous Romanians such as tennis player Ilie Nastase, gymnast Nadia Comanenci and scientist Nicolae Paulescu, who discovered insulin.
BBC: Composite of images from romania