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":"e728e9f170cb24c0e4ab5db2791f3c57","s":"979a6e45d5c674f8"}
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