WEBVTT - Nota Bene's Lassman: Creating Luxury Travel Experiences (Audio)

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<v Speaker 1>Broadcasting Live to New York Bloomberg eleventh Rio to Washington,

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<v Speaker 1>d C. Bloomberg to Boston Bloomberg, Well under It, to

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<v Speaker 1>San Francisco Bloomberg nine to the Country series Exam General

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<v Speaker 1>one ninet and around the globe the Bloomberg Radio Plus

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<v Speaker 1>athen Bloomberg dot com. This is taking Stock. I'm Kathleen Hayes,

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<v Speaker 1>my co host Pim Fox on vacation this week. Are

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<v Speaker 1>you at the highest end of the travel market where

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<v Speaker 1>the normal rules no longer apply? Or do you just

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<v Speaker 1>think you'd love to be well? Then you want to

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<v Speaker 1>be listening to the guests coming up on taking Stock. Now,

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<v Speaker 1>it's not to bend me. They give ultra high net

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<v Speaker 1>worth clients opportunities for experiences and reservations that other luxury travelers,

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<v Speaker 1>no matter how frequent, could ever ever buy. Anthony Lassman

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<v Speaker 1>is the co founder of this firm, and he's going

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<v Speaker 1>to be joining to talk about his business. But I'm

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<v Speaker 1>just gonna have to ask him what his clients saying

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<v Speaker 1>about Brexit and what does it mean to him. Luxury

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<v Speaker 1>travel costs a lot. Let's get to Charlie Pellett. Now

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<v Speaker 1>he's in the Bloomberg newsroom with a Bloomberg business flash,

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<v Speaker 1>and I thank you very much, Kathleen Hayes. The bears

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<v Speaker 1>continue to travel on this Monday with the Dow, the SMP,

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<v Speaker 1>NSDAK all growling on Wall Street. Right now, the SMP

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<v Speaker 1>down thirty nine points, to drop there of one point

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<v Speaker 1>nine percent, a drop there of of thirty eight points

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<v Speaker 1>to we've got nastack down a hundred and fourteen points

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<v Speaker 1>to drop up two point four percent. Down industrials down

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<v Speaker 1>to eighty five, a decline of one point six percent.

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<v Speaker 1>The tenure up twenty nine thirty seconds. Looking at the

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<v Speaker 1>yield of one point four or five percent gold right

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<v Speaker 1>now of six dollars thirteen twenty eight the ounce for gold,

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<v Speaker 1>that is a game of five tenths of one percent.

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<v Speaker 1>Crude oil down a dollar twenty three of arrow forty

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<v Speaker 1>six forty one right now on West Texas Intermediate crew.

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<v Speaker 1>That is a drop of two point six percent. The

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<v Speaker 1>aftershocks of the UK's vote to leave the EU continue

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<v Speaker 1>to reverberate. The small morning, we sat down with the

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<v Speaker 1>former channel of the Federal Reserve, Alan Greenspan. He was

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<v Speaker 1>on Bloomberg surveillance talking about Brexit fallout wouldn't be that

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<v Speaker 1>concerned about the currency, because it's not all that much

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<v Speaker 1>you're going to be able to do about it. The

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<v Speaker 1>effect of the town sterling against the US dollars that

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<v Speaker 1>is as much our doing as it is there and

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<v Speaker 1>his comments part of a Bloomberg Breakfast conversation hosted by

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<v Speaker 1>Bloomberg ninety nine one this morning in Washington, again recapping

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<v Speaker 1>SMP down one percent, Gold up point five percent, and

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<v Speaker 1>a two thirty two on Wall Street. Now, let's take

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<v Speaker 1>a look at other news from around the world. Thank you,

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<v Speaker 1>Charlie from the Bloomberg Newsroom. I'm Julie Hyman. The Supreme

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<v Speaker 1>Court is struck down at Texas law regulating abortion clinics.

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<v Speaker 1>Bloomberg's Michael Barr has more. The Justice has voted five

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<v Speaker 1>three in favor of striking down the Texas law, their

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<v Speaker 1>protesters called a thinly veiled attempt to make it harder

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<v Speaker 1>for women to get an abortion. Just as Stephen Bryer's

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<v Speaker 1>majority opinion for the Court held at the regulations are

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<v Speaker 1>medically unnecessary and unconstitutionally limit a woman's right to an abortion.

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<v Speaker 1>The Texas rules required doctors who performed abortions to have

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<v Speaker 1>admitting privileges at nearby hospitals and forced clinics to meet

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<v Speaker 1>hospital like standards for outpatient surgery. Michael Barr Bloomberg Radio.

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<v Speaker 1>Hillary Clinton, on the campaign trail in Cincinnati, took the

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<v Speaker 1>stage with Elizabeth Warren. The Massachusetts senator offered a harsh

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<v Speaker 1>critique of Donald Trump, calling him a quote small, insecure

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<v Speaker 1>money grubber fighting only for himself. Ten people were stabbed

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<v Speaker 1>and beaten after a white nationalist gript's rally outside the

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<v Speaker 1>California state capital turned violent on Sunday. Tony Wenning says

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<v Speaker 1>he and his fifteen year old son were attacked. Although

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<v Speaker 1>they were just there as bystanders, crappl over me. They

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<v Speaker 1>were hitting me with a stick, attempting to with the stick,

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<v Speaker 1>poking me back. So you're you're the police are investigating.

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<v Speaker 1>Authorities are warning New Yorkers against bogus Buddhist monks. They're

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<v Speaker 1>asking the public not to be fooled by some of

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<v Speaker 1>the men decked out in orange robes, carrying shiny medallions

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<v Speaker 1>and offering greetings of peace. The Buddhist Council of New

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<v Speaker 1>York says some of the men soliciting donations are quote

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<v Speaker 1>fake monks looking to make a quick buck. Global News

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<v Speaker 1>twenty four hours a day, powered by more than dred

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<v Speaker 1>journalists and analysts in more than twenty countries. From the

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<v Speaker 1>Bloomberg Newsroom. I'm Julie Hyman. This is Bloomberg, Charlie, and

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<v Speaker 1>we thank you and again recapping stocks lore with the

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<v Speaker 1>SMP five hundred index now down one to I'm Charlie Platon.

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<v Speaker 1>That's a Bloomberg business flash. You're listening to taking Stock

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<v Speaker 1>with Kathleen Hayes and Pim Fox on Bloomberg Radio. There's

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<v Speaker 1>luxury travel and then there's luxury travel. And we're speaking

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<v Speaker 1>now with a man who is co founder of a

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<v Speaker 1>company that takes luxury travel to the highest of heights.

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<v Speaker 1>Anthony Lastman joins us now, as I said, co founder

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<v Speaker 1>of Not That Any Global. They are based in London

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<v Speaker 1>and New York, and we're going to find out about

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<v Speaker 1>how he started the company, what he does, and of

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<v Speaker 1>course I'm going to be asking him, because he lives

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<v Speaker 1>right in the center of London, what about Brexit for him,

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<v Speaker 1>his fellow countryman and his business. Anthony. Welcome, is great

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<v Speaker 1>to have your studio, Nice to be here. Always love

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<v Speaker 1>in New York, Not to any Global? What are you?

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<v Speaker 1>What do you do? Not of any Global? Is a

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<v Speaker 1>management company of fine travel and lifestyle for the ultra

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<v Speaker 1>high net worths. It is for experiences that generally cannot

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<v Speaker 1>be found that easily with travel agents, concierge services and

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<v Speaker 1>online services. So what give me an example right now,

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<v Speaker 1>something I could do if I had the means to

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<v Speaker 1>book one of your trips. Give me something that is?

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<v Speaker 1>What example is? Thing that is so unique you can't

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<v Speaker 1>find it anywhere else. Well, before, while I was having lunch,

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<v Speaker 1>before I came her, I was just sharing something that

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<v Speaker 1>I experienced a few years ago, which was having lunch

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<v Speaker 1>with the Chatelaine of smith out Lafitte, the well known

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<v Speaker 1>winery in in western France, and her husband, and by

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<v Speaker 1>a coincidence we came into contact with each other. They

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<v Speaker 1>invited me to their beautiful chateau and then for a

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<v Speaker 1>picnic on their private island in the Garon River. What

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<v Speaker 1>was so unique about that was that we met for

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<v Speaker 1>drinks at the chateau and then we cycled down to

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<v Speaker 1>the river bank and we got into a very small,

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<v Speaker 1>very um um what is the word. I mean? It

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<v Speaker 1>was a very simple boat effectively with an outboard motor.

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<v Speaker 1>And we went across to their private island, which is

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<v Speaker 1>an uninhabited, very simple island, and what struck me was

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<v Speaker 1>the nature, the piece, the olitude. They had a little

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<v Speaker 1>cabin on the lake where they brought with everything for

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<v Speaker 1>a picnic. And of course they're wonderful wines. So there

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<v Speaker 1>we were sitting looking out onto the lake with a

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<v Speaker 1>beautiful bottle of smith out lafitte and barbecued meat and

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<v Speaker 1>and I thought, you can't buy this. And I as

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<v Speaker 1>we were discussing it, they said, look, if they are

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<v Speaker 1>like minded people who would want this kind of experience,

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<v Speaker 1>then obviously very selectively contact us. What is the business model?

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<v Speaker 1>You pay people like the that you know, the Louis

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<v Speaker 1>rohod Or family. If I want to drink champagne with them,

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<v Speaker 1>for example, you pay them, and then your clients pay you.

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<v Speaker 1>How does this work? The business model is effectively that

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<v Speaker 1>people pay us an annual fee in the same way

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<v Speaker 1>that people would pay for management of anything, whether it's

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<v Speaker 1>asset management, whether it's any four of highly experienced service.

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<v Speaker 1>So we are charging people fees to become private clients,

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<v Speaker 1>and depending on their needs and how many people because

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<v Speaker 1>we have family offices will be that will depend on

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<v Speaker 1>how much per year they are paying. They will then

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<v Speaker 1>be quoted a fee for whatever trip they are doing,

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<v Speaker 1>and they will pay and and they will pay and

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<v Speaker 1>they will pay. Yes, and you have more than about

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<v Speaker 1>six thousand clients, No, we have six thousand who are

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<v Speaker 1>on our database followers. They are followers of nota ben

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<v Speaker 1>A and our actual clients are within the hundreds because

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<v Speaker 1>we like to know every single client individually and to

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<v Speaker 1>understand their needs and what it is that they are

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<v Speaker 1>looking for. So we couldn't possibly deal with thousands as

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<v Speaker 1>private clients Underman Sun. So there's a lot of competition

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<v Speaker 1>in luxury. How do you set yourself apart? There's a

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<v Speaker 1>huge amount of competition. I think you know. I was

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<v Speaker 1>originally for many, many years in the real estate industry,

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<v Speaker 1>so I'm not a travel person per se. I went

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<v Speaker 1>in to travel, you could say, as a sort of

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<v Speaker 1>midlife crisis, career change. My wife actually challenged me. I

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<v Speaker 1>found so many people to whom I deferred, never told

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<v Speaker 1>me what I really wanted to know. How blue is

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<v Speaker 1>the sea? Will I see another building on the horizon?

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<v Speaker 1>Tell me where is the best view? What kind of

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<v Speaker 1>clear tell will I find there? What kind of experience

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<v Speaker 1>could I have that are not manufactured? And so that

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<v Speaker 1>is why I decided to take the challenge and create this.

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<v Speaker 1>I'm not worried so much about competition. There will always

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<v Speaker 1>be competition. Are you all worried? And you've got about

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<v Speaker 1>thirty seconds about the Brexit vote, the reverberations in markets.

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<v Speaker 1>This is hitting banks, etcetera. There's an issue for your

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<v Speaker 1>business and actually for your citizenship. Is a member of

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<v Speaker 1>the United Kingdom that we're obviously shocked. It wasn't the

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<v Speaker 1>It wasn't the result that we were expecting. The reverberations

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<v Speaker 1>that you have referred to are evidently very serious, and

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<v Speaker 1>people are focusing now on what on the next steps

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<v Speaker 1>and what to do. I would say that our area

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<v Speaker 1>of the market for travel and lifestyle is the most immune,

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<v Speaker 1>and I don't believe that people are going to stop traveling.

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<v Speaker 1>If people need to communicate for business, they can do

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<v Speaker 1>it on the yacht, in the villa, etcetera. They may

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<v Speaker 1>go away a little bit less frequently, but I don't

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<v Speaker 1>feel that there will be a major effect. Well, I'm

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<v Speaker 1>we're gonna keep track of you. You can track this

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<v Speaker 1>for US in the UK, certainly luxury travel thanks to

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<v Speaker 1>Anthony Lastman, co founder of nota Benic Global. I'm Kathleen Hayes.

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<v Speaker 1>This is taking Stock on Bloomberg Radio. A Supreme Court

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<v Speaker 1>decision striking down Texas abortion limits. We're going to be

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<v Speaker 1>speaking to BNA correspondent Kim Robinson now on Bloomberg Radio.