Retail
October 26, 2020
Scale is paramount in luxury and, as a consequence, M&A should be well supported. Here is why. Image credit: Louis Vuitton
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","iv":"e28061200b906da812340e6e58ada5ae","s":"8134b2df285e6d65"}
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