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":"ea02045d7b4f60fe9ccc927f851b2f44","s":"5b4d64497a10a1ba"}
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