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 Bya Luxury Daily columnistOn In Featured,Industry sectors,Retail | No Comments
LVMH, the biggest conglomerate in luxury, has continued to outperform its peers. How? It is mostly down to the spirit of conquest. Photo: Dior {"ct":"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","iv":"d9b03bdb4e3739f318090b181a89b0af","s":"b0692677edddd9ab"}