Commerce
November 11, 2021
LVMH is worth around four or five times the market cap of its competitors, according to investment experts. Image credit: Louis Vuitton
By Nora Howe
The luxury sector has seen a recent uptick in merger and acquisition activity as well as innovative investments, and experts believe consolidation will continue and conglomerates will grow stronger.
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","iv":"6283a1c4cfe11f084e729a817adcb6b9","s":"4a5d90362d532509"}
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