LVMH, the biggest conglomerate in luxury, has continued to outperform its peers. How? It is mostly down to the spirit of conquest. Photo: Dior
How LVMH dominated luxury and where the “Bling Supremacy” goes next
Posted By a Luxury Daily columnist On In Featured,Industry sectors,Retail | No 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","iv":"3670ecfacb9b723e05e0366966aebaac","s":"0517f37d7fae43c8"}