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":"befb3eea24fc87f028a1ec03b11728d3","s":"2cb0a6eaf82129f8"}
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